The operation aims to expand investment capacity for expansion and increase access to shares by institutional and retail investors
JBS (JBSS3) will propose to its shareholders to approve the dual listing of its shares on the stock exchange in Brazil and the United States, on the New York Stock Exchange (NYSE), Slaughterhouse reported Wednesday morning (12).
According to a material fact, the operation aims to expand its investment capacity to expand the company and increase the access of institutional and individual investors to shares that represent the consolidated operations of JBS.
The offer to be made will be delivered to the shareholders of the company by JBS NV1, a company incorporated under the laws of the Netherlands.
At CVM, JBS NV will be registered as a foreign issuer to list Brazilian Depositary Receipts – Level II BDRs on B3 backed by Class A shares (as defined below).
In the Securities and Exchange Commission (SEC, or US CVM), JBS NV will be registered as a foreign issuer (Foreign Private Issuer – FPI) to list Class A shares on the NYSE.
When completed, the transaction will not change the current operating and management structure of JBS SA in any way, so that the operating assets, employees, financial flows and logistics chains will remain where they are and how they currently are.