HRT Participações em Petróleo S.A - Announcement to the Shareholders
ANNUAL SHAREHOLDERS' MEETING
ADJUSTMENT IN THE VOTING PROCEDURE
RIO DE JANEIRO, April 19, 2013 /CNW/ - HRT Participações em Petróleo S.A.
(the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) informs its
shareholders, in connection with the announcement released on April 16, 2013,
that the voting procedure for the election of Board Members has been adjusted
and will occur through the adoption of the cumulative voting procedure (voto
According to the cumulative voting procedure and considering that (i) there
will be 11 vacant positions in the Company's Board of Directors; and (ii) each
2 Global Depositary Shares corresponds to 1 Common Share, each 1 Common Share
or each 2 Global Depositary Shares shall grant to its owner 11 votes to be
allocated among the candidates.
Therefore, due to the adoption of the cumulative voting procedure, the
information and guidelines provided by the Company to the shareholders, namely
those who do not participate in the meetings in person and cast their votes
through voting instructions, are, at this time, outdated and inaccurate.
In this regard, the Company kindly suggests to the shareholders who have
already casted their vote through HRT's electronic voting platform to revoke
their previous votes and vote again on the revised matters already listed on
that voting platform www.assembleiasonline.com.br, which can be accessed
through HRT's investor relations homepage www.hrt.com.br/ir. Electronic
proxies will be accepted by the platform up to 11:59 p.m. (Rio de Janeiro
time) on April 26, 2013.
For the holders of HRT's Global Depositary Shares, Deutsche Bank Trust Company
Americas, the Depositary of the Global Depositary Shares will send a new
voting instruction form duly adjusted. The Depositary has fixed 12:00 p.m.
(New York Time) on April 26, 2013, or no later than forty-eight (48) hours
(excluding Saturdays, Sundays and holidays) before the time of any adjourned
Annual Ordinary Meeting, as the time by which written voting instructions must
be received from holders of Global Depositary Shares in order for such written
voting instructions to be carried out by the Depositary pursuant to the terms
of the deposit agreement.
In view of the above, as informed in the announcement released on April 16,
2013, the Shareholders can allocate their votes to elect the new members of
the Board of Directors among the following candidates:
I.The Management of the Company proposes Messrs. Marcio Rocha Mello,
Milton Romeu Franke, Wagner Elias Peres, John Anderson Willott, Elias
Ndevanjema Shikongo, Carlos Thadeu de Freitas Gomes, William Lawrence Fisher,
Joseph P. Ash, Peter L. O'Brien, Thomas W. Ebbern, and Charles Laganá Putz,
as candidates for the Board of Directors of the Company, as previously
presented in the Management Proposal.
II.Other shareholders propose Messrs. Stefan Alexander, François
Moreau and Oscar Alfredo Prieto as candidates for the Board of Directors of
HRT encourages all shareholders to participate in the Company's annual and
special meetings. In case any shareholder is not fully registered to vote
electronically yet, HRT urges them to visit and register in the online meeting
platform at www.assembleiasonline.com.br. The Company is committed on making
the voting process at its Shareholders' Meetings as much transparent as
possible, enabling all its shareholders to exercising their voting rights.
The updated supporting documents related to this Announcement were published
through the Company's website at www.hrt.com.br, and on the
websites of the CVM (www.cvm.gov.br) and BM&FBOVESPA (www.bmfbovespa.com.br),
through the IPE system, on the date hereof.
HRT Participações holds one of the largest independent oil and gas
exploration and production companies in Brazil. The HRT Group comprises eight
main subsidiaries: IPEX (Integrated Petroleum Expertise Company Serviços em
Petróleo Ltda.), HRT O&G Exploração e Produção de Petróleo Ltda., HRT
Netherlands B.V., HRT África Petróleo S.A., HRT América Inc., Air Amazonia
Serviços Aéreos Ltda. and HRT Canada Inc.. The Company retains a 55%
interest in 21 exploratory blocks in the Solimões Basin. HRT also operates
ten exploratory blocks off the Namibian coast: eight blocks in the Orange
Sub-basin and two blocks in the Walvis Sub-basin. HRT's team includes PHDs and
masters in geochemistry, geophysics, biology and engineering, most of them
former employees of Petrobras and ANP (Brazil petroleum agency). HRT is
committed to minimizing any possible environmental impacts in the sites where
it acts. Our commitment to the local communities is towards health conditions,
safety and quality of life. For more information, please visit the Company's
This news release contains forward-looking statements. All statements other
than statements of historical fact contained in this news release are
forward-looking statements, including, without limitation, statements
regarding our drilling and seismic plans, operating costs, acquisitions of
equipment, expectations of finding oil, the quality of oil we expect to
produce and our other plans and objectives. Readers can identify many of these
statements by looking for words such as "expects", "believe", "hope" and
"will" and similar words or the negative thereof. Although management believes
that the expectations represented in such forward-looking statements are
reasonable, there can be no assurance that such expectations will prove to be
correct. By their nature, forward-looking statements require us to make
assumptions and, accordingly, forward-looking statements are subject to
inherent risks and uncertainties. We caution readers of this news release not
to place undue reliance on our forward-looking statements because a number of
factors may cause actual future circumstances, results, conditions, actions or
events to differ materially from the plans, expectations, estimates or
intentions expressed in the forward-looking statements and the assumptions
underlying the forward-looking statements.
The following risk factors could affect our operations: the contingent
resource and prospective resource evaluation reports involving a significant
degree of uncertainty and being based on projections that may not prove to be
accurate; inherent risks to the exploration and production of oil and natural
gas; limited operating history as an oil and natural gas exploration and
production company; drilling and other operational hazards; breakdown or
failure of equipment or processes; contractor or operator errors;
non-performance by third party contractors; labour disputes, disruptions or
declines in productivity; increases in materials or labour costs; inability to
attract sufficient labour; requirements for significant capital investment and
maintenance expenses which HRT may not be able to finance; cost overruns and
delays; exposure to fluctuations in currency and commodity prices; political
and economic conditions in Namibia and Brazil; complex laws that can affect
the cost, manner or feasibility of doing business; environmental, safety and
health regulation which may become stricter in the future and lead to an
increase in liabilities and capital expenditures, including indemnity and
penalties for environmental damage; early termination, non-renewal and other
similar provisions in concession contracts; and competition. We caution that
this list of factors is not exhaustive and that, when relying on
forward-looking statements to make decisions, investors and others should also
carefully consider other uncertainties and potential events. The
forward-looking statements herein are made based on the assumption that our
plans and operations will not be affected by such risks, but that, if our
plans and operations are affected by such risks, the forward-looking
statements may become inaccurate.
The forward-looking statements contained herein are expressly qualified in
their entirety by this cautionary statement. The forward-looking statements
included in this news release are made as of the date of this news release.
Except as required by applicable securities laws, we do not undertake to
update such forward-looking statements.
Please contact the HRT`s Investor Relations Department.
Carlos Tersandro Fonseca Adeodato - CFO and Investor Relations Officer Sandra
Calcado - Investor Relations Manager Priscila Sarandy - Investor Relations
Specialist Tainah Costa - Investor Relations Senior Analyst
+55 21 2105-9700 firstname.lastname@example.org
SOURCE: HRT Participações em Petróleo S.A.
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-0- Apr/19/2013 15:18 GMT
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