Pursuant to Rule 13a-16 or 15d-16 of the
20031-912 - Rio de Janeiro, RJ
Federative Republic of Brazil
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
This report on Form 6-K is incorporated by reference in the Registration
Statement on Form F-3 of Petróleo Brasileiro -- Petrobras (No. 333-163665).
Petróleo Brasileiro S.A. – Petrobras
Avenida República do Chile, n° 65, Centro Rio de Janeiro - RJ
Ticker symbols on the Brazilian Stock Exchange BM&FBOVESPA: “PETR3” (Common Shares) and “PETR4” (Preferred Shares)
Ticker symbols on the New York Stock Exchange: “PBR” (Common ADSs) and “PBRA” (Preferred ADSs)
Exercise of Over-Allotment Option and Completion of the Global Offering
Rio de Janeiro, October 1, 2010. Petróleo Brasileiro S.A. – Petrobras announces that the Brazilian and international underwriters for Petrobras’ public primary offering of Common Shares and Preferred Shares (the “Global Offering”) exercised yesterday, September 30, 2010, the over-allotment option in full, providing for the issuance of an aggregate of an additional 187,997,094 shares, without par value, including shares in the form of American Depositary Shares (“ADSs”), or 112,798,256 Preferred Shares and 75,198,838 Common Shares.
As a result, and in accordance with Brazilian law, the Company informs that its Board of Directors, in a meeting held on October 1, 2010, resolved to:
approve the issuance of 75,198,838 Common Shares and 112,798,256 Preferred Shares at the public offering price of R$29.65 per Common Share and R$26.30 per Preferred Share, increasing the Company’s capital stock, within the limit of its authorized share capital as provided in Section 4, 1st paragraph of its By-laws, in the amount of R$5,196,239,679.50. Including the over-allotment option, the capital stock of the Company after the Global Offering increased to R$205,357,103,148.30, consisting of a total of 7,442,454,142 Common Shares and 5,602,042,788 Preferred Shares.
The Company further informs that today, October 1, 2010, in accordance with the board resolutions above, the Company settled the over-allotment of 112,798,256 Preferred Shares, including 65,704,296 Preferred Shares in the form of ADSs and 75,198,838 Common Shares, all in the form of ADSs. The exercise of the over-allotment option resulted in an additional R$5,196,239,679.50 in proceeds from the Global Offering to the Company.
The closing of the over-allotment option concludes the stabilizing period for the Global Offering, and will allow the Company to publish the Announcement of the Closing of the Offering in Brazil, which is expected to occur on October 4, 2010.
www.petrobras.com.br/ri
Para mais informações: PETRÓLEO BRASILEIRO S. A. – PETROBRAS
Relacionamento com Investidores I E-mail: petroinvest@petrobras.com.br / acionistas@petrobras.com.br
Av. República do Chile, 65 - 2202 - B - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947 I 0800-282-1540
Este documento pode conter previsões segundo o significado da Seção 27A da Lei de Valores Mobiliários de 1933, conforme alterada (Lei de Valores Mobiliários), e Seção 21E da lei de Negociação de Valores Mobiliários de 1934, conforme alterada (Lei de Negociação) que refletem apenas expectativas dos administradores da Companhia. Os termos “antecipa”, “acredita”, “espera”, “prevê”, “pretende”, “planeja”, “projeta”, “objetiva”, “deverá”, bem como outros termos similares, visam a identificar tais previsões, as quais, evidentemente, envolvem riscos ou incertezas previstos ou não pela Companhia. Portanto, os resultados futuros das operações da Companhia podem diferir das atuais expectativas, e o leitor não deve se basear exclusivamente nas informações aqui contidas.
The tables below set forth the Company’s share capital before the Global Offering and after the closing of the over-allotment option.
Shareholding Before the Global Offering(1)
| Voting Capital | Non-Voting Capital | Capital Stock | ||||
| SHAREHOLDERS | Common | Preferred | TOTAL | |||
| Shares | % | Shares | % | Shares | % | |
| Brazilian Federal Government | 2,818,751,784 | 55.56% | 0 | 0.00% | 2,818,751,784 | 32.1% |
| BNDES Participações S.A. - BNDESPAR and BNDES | 98,457,000 | 1.94% | 574,047,334 | 15.51% | 672,504,334 | 7.7% |
| Other | 2,156,138,560 | 42.50% | 3,126,682,062 | 84.49% | 5,282,820,622 | 60.2% |
| Total | 5,073,347,344 | 100.00% | 3,700,729,396 | 100.00% | 8,774,076,740 | 100.0% |
(1) Does not reflect transfers of shares from the Brazilian federal government to its affiliates pursuant to Decree No. 7.295, of September 8, 2010.
Shareholding After the Global Offering
(including the over-allotment option)
| Voting Capital | Non-Voting Capital | Capital Stock | ||||
| Shareholders | Common | Preferred | TOTAL | |||
| Shares | % | Shares | % | Shares | % | |
| Brazilian federal government | 3,991,413,124 | 53.63% | 66,019,279 | 1.18% | 4,057,432,403 | 31.1% |
| BNDES Participações S.A. - BNDESPAR | 173,400,392 | 2.33% | 1,341,348,766 | 23.94% | 1,514,749,158 | 11.6% |
| BNDES | 224,845,426 | 3.02% | 0 | 0.00% | 224,845,426 | 1.72% |
| FFIE ( Sovereign Wealth Fund) | 344,055,327 | 4.62% | 161,596,958 | 2.88% | 505,652,285 | 3.9% |
| Other | 2,783,938,711 | 37.41% | 4,145,876,041 | 74.01% | 6,929,814,752 | 51.68% |
| Total | 7,442,454,142 | 100.00% | 5,602,042,788 | 100.00% | 13,044,496,930 | 100.0% |
This communication does not constitute an offer to sell or the solicitation of an offer to buy the securities described, nor shall there be any sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Petrobras has an effective registration statement on file with the SEC. Copies of the final prospectus supplement for the international offering may be obtained from Bank of America Merrill Lynch at 1-866-500-5408, Bradesco Securities, Inc. at isabela@bradescosecurities.com, Citigroup Global Markets Inc. at 1-800-831-9146, Itaú Securities collect at 1-212-710-6766, Morgan Stanley & Co. Incorporated at 1-866-718-1649 or Santander Investment Securities at 1-212-350-3649, or by visiting EDGAR on the SEC Web site at www.sec.gov.
www.petrobras.com.br/ri
Para mais informações: PETRÓLEO BRASILEIRO S. A. – PETROBRAS
Relacionamento com Investidores I E-mail: petroinvest@petrobras.com.br / acionistas@petrobras.com.br
Av. República do Chile, 65 - 2202 - B - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947 I 0800-282-1540
Este documento pode conter previsões segundo o significado da Seção 27A da Lei de Valores Mobiliários de 1933, conforme alterada (Lei de Valores Mobiliários), e Seção 21E da lei de Negociação de Valores Mobiliários de 1934, conforme alterada (Lei de Negociação) que refletem apenas expectativas dos administradores da Companhia. Os termos “antecipa”, “acredita”, “espera”, “prevê”, “pretende”, “planeja”, “projeta”, “objetiva”, “deverá”, bem como outros termos similares, visam a identificar tais previsões, as quais, evidentemente, envolvem riscos ou incertezas previstos ou não pela Companhia. Portanto, os resultados futuros das operações da Companhia podem diferir das atuais expectativas, e o leitor não deve se basear exclusivamente nas informações aqui contidas.
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PETRÓLEO BRASILEIRO S.A--PETROBRAS | ||
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By: |
/S/ Almir Guilherme Barbassa
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Almir Guilherme Barbassa
Chief Financial Officer and Investor Relations Officer |
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This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that are not based on historical facts and are not assurances of future results. These forward-looking statements are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results o f operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
All forward-looking statements are expressly qualified in their entirety by this cautionary statement, and you should not place reliance on any forward-looking statement contained in this press release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.