Summary by Moomoo AI
Petroleo Brasileiro SA Petrobras (Petrobras) has announced that it will implement a cumulative voting process for the election of its Board of Directors during the upcoming Annual General Meeting (AGM) scheduled for April 25, 2024. The decision comes after a request from shareholders holding over 5% of the company's common shares. The AGM will be conducted in a partially digital format. Petrobras has confirmed that the remote voting bulletins (BVDs) provided for shareholder voting already include the option for the cumulative vote process. Shareholders are advised to submit their filled BVDs through the designated channels to ensure their votes are counted in the Board of Directors' election. Any inquiries regarding the AGM can be directed to Petrobras' Investor Relations area.