Oi S A : Notice to Shareholders - New Auctions of Reverse Stock Split Fractional Shares
November 03, 2023 at 05:18 pm EDT
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Oi S.A. - In Judicial Reorganization
Federal Taxpayers' (CNPJ/ME) No. 76.535.764/0001-43
Board of Trade (NIRE) No. 33.3.0029520-8
Publicly-Held Company
NOTICE TO SHAREHOLDERS
New Auctions of Fractions Resulting from the Stock Split
Oi S.A. - Under Judicial Reorganization ("Oi" or "Company", B3: OIBR3, OIBR4; OTC: OIBZQ, OIBRQ), following the Notices to Shareholders of December 1, 2022, January 06, 2023, October 19, 23, and 24, 2023 and November 1, 2023, informs its shareholders and the market in general that as of November 7, 2023 at 5:55 p.m., new auctions will be held at B3 S.A. - Brasil, Bolsa, Balcão ("B3"), with the purpose of selling the remaining balance of the auctions held on October 23, 2023, and between October 26 and November 1 of 62,500 preferred shares issued by the Company, until this offer is fulfilled in its entirety, for up to 5 consecutive trading sessions.
Such shares result from the regrouping into whole numbers of fractional shares originating from the reverse split of all of the Company's common and preferred shares, approved by the shareholders at the Extraordinary General Meeting held on December 1, 2022.
The net amount of the sale at auctions, of the total amount of fractional shares originating from the reverse split ("Shares"), will be credited on behalf of holders of fractional shares, in proportion to the common and/or preferred shares held by them, within 7 (seven) business days, as of the last auction that concludes the sale of all Shares, as follows:
Account holders of the Banco do Brasil S.A. ("Banco do Brasil") will have their credit automatically made to a checking account held by them at Banco do Brasil, provided that they have expressed their interest in receiving in a checking account the amounts to which they are entitled and that their records with Banco do Brasil are up to date;
Shareholders with shares held in custody at B3's Central Depository, i.e., those who acquired shares through brokerage firms, will have the amounts to which they are entitled credited directly to B3, which will be in charge of transferring them to shareholders through custody agents;
The other eligible shareholders they must request at the Banco do Brasil branch of their relationship or preference the issuance of a payment notice for receipt at the teller or by means of credit in a checking account of other banks, at the expense of these shareholders, upon presentation of the pertinent bank details (bank, branch and current account number); and
Shareholders whose shares are blocked or whose registration is outdated: the amount will be retained by the Company and will be at the disposal of the respective shareholder during the period provided by law, and the respective payment will be made exclusively upon presentation of documentation proving release or identification, as the case may be.
The Company will keep its shareholders and the market informed about the development of the subject matter of this Notice to Shareholders.
Rio de Janeiro, November 3, 2023.
Oi S.A. - In Judicial Reorganization
Cristiane Barretto Sales
Chief Financial and Investor Relations Officer
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Oi SA em Recuperação Judicial published this content on 03 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2023 21:16:35 UTC.
Oi SA em Recuperacao Judicial, formerly Oi S.A., is an integrated telecommunications service provider in Brazil. The Company is a switched fixed-line telephony services (STFC) concessionaire. It is engaged in the provision of STFC as a local and intraregional long-distance carrier. Its segments include Residential Services, Personal Mobility, and SMEs/Corporate. It offers a range of integrated telecommunications services that include fixed and mobile, broadband, pay television (TV), data transmission and Internet provider services. The Company's Residential Services segment is focused on the sale of fixed telephony services, including voice services, data communication services (broadband), and pay TV. The Personal Mobility segment is focused on the sale of mobile telephony services to subscription and prepaid customers, and mobile broadband customer. The SMEs/Corporate segment includes corporate solutions offered to its small, medium-sized, and large corporate customers.