GREY:HRTPF - Post by User
Post by
Rzbernon Nov 05, 2014 7:31am
80 Views
Post# 23096065
HRT: JG Petrochem reduced its stake from 12.14% to 7.05%
HRT: JG Petrochem reduced its stake from 12.14% to 7.05% NEWS RELEASE
DISPOSAL OF MATERIAL EQUITY INTEREST
Rio de Janeiro, November 5, 2014 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), in compliance with the provisions of Article 50 of the Company’s By-laws and with the provisions of Article 12 of CVM Instruction 358/02, announces that it has received, on November 4, a letter from JG Petrochem Participações Ltda. ("JG Petrochem"), informing that reduced its stake from 12.14% to 7.05% of the total capital stock of the Company, representing a decrease of 5.09%.
According to the information provided in the referred letter, JG Petrochem informs that: (i) it currently does not have the intention of changing the control composition of the Company; (ii) it does not hold any other rights over convertible debentures issued by the Company; and (iii) it does not take part of any agreement or contract which regulates the exercise of voting rights or the purchase and sale of securities issued by HRT.