Petro Rio S.A. ADR fka HRPTY

[rzbern]

Pay attention to where are moving the GDS actions. In exemplified 3-month period (from 02/15/2016 to 05/16/2016), as indicated below, none of the major shareholders changed position and migrated a total of 165,000 GDS for PRIO3 incorporating this amount in "other shareholders". The company's total shares increased beyond 165,000 GDS migrated, plus 10,696 shares conversion and fruit etc, increasing the "other shareholders", said shares available in the market, 175,696 shares.

Before, in 02/15/2016



After, 05/16/2016




With the last position reported by the company on 05/16/2016, if considered for purposes of calculating the repurchase of 16.5 MM shares, the equity position would be as follows.


Aventti ........... 17,771,955 - [35.94%]
One Hill .......... 15,137,489 - [30.61%]
Bridge Trust ....... 8,500,633 - [17.19%]
GDS ................ 4,006,973 - [8.10%]
Other .............. 4,036,689 - [8.16%]
Total ............. 49,453,739 - [100.00%] (from 65,953,739 to 16,500,000)

obs: The figures above do not consider the possibility of conversion of the remaining debentures.