Petro Rio S.A. ADR fka HRPTY

[robnhood]

From Debora on SH---


In an atmosphere of peace, order of HRT approved poison pill
RIO DE JANEIRO _The shareholders of oil HRT in harmony environment, approved by a majority changes proposed by the administration during the extraordinary general meeting, held on Tuesday, 24. Consequently, the poison pill was removed, the mechanism by which more than 20% of the company to make a public offering of shares _ holder, besides the change of address for more economical installations, the capital increase in view of the exercise of options and warrants and the new grouping shares in the ratio of 10 to 1. All amendments to the Bylaws, which will give more flexibility to managers, were approved with ample majority. The new grouping was suggested by the minority Antonio Agostini, one of the founders of the company in 2008 and former director of Petrobras. The original proposal was 30 to 1 share. The work was led by former minister Helio Costa, chairman of HRT. JG Petrochem, businessman Nelson Tanure, did not attend the EGM. In total, attended the meeting _ which lasted 80 minutes _ 18.33% of the share capital of the oil. Paulo Roberto Cunha BLACK GOLD BLOG

Read more at http://www.stockhouse.com/companies/bullboard/v.hrp/hrt-participacoes-em-petroleo-sa#4zwr7zZIfT0Iw3MU.99