Root (RAIZ4): Shell Converts 1.23 Billion Ordinary Shares Into Preferred Shares – Money Times
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4 Articles
Shell carried out the conversion of 1,233,921,244 ordinary shares of Raízen into equal number of preferred shares. It confirms results and indicators of Raízen and other open equity companies in the Value Enterprise 360 portal. With this, Shell's participation in ordinary shares of Shell increased to 3,262,865,048 papers, about 42% of the total. However, the participation in preferential shares rose to 1,294,732,069 papers, the equivalent of 50%…
Raizen (RAIZ4) received, on October 29, 2026, communication from Shell on the conversion of 1.23 billion ordinary shares of the company into equal number of preferred shares, in the proportion of 1 to 1. According to the statement released on Thursday night (29), the operation was made based on the social status of [...]
Shell converts 1.23 billion shares into Root and maintains 44.04%; understand the effect of class change
With the operation, its share in the ON shares fell from 50% to 42.05%, while the share in the NP shares rose from 4.49% to 50%
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