SCHEDULE: JBS N.V. Major Shareholders Disclose 48.3% Stake

Wesley and Joesley Mendonca Batista, along with J&F entities, jointly report beneficial ownership of 48.3% of JBS N.V.'s Class A and Class B common shares.

Summary

• Wesley Mendonca Batista, Joesley Mendonca Batista, J&F S.A., and J&F Investments Luxembourg S.a r.l. (the "Reporting Persons") have jointly filed a Schedule 13G.
• The Reporting Persons collectively beneficially own 536,076,699 shares of JBS N.V.'s Class A and Class B common shares.
• This aggregate ownership represents 48.3% of the total Class A common shares outstanding, calculated by treating all Class B shares as converted into Class A shares.
• The beneficial ownership consists of 241,234,515 Class A common shares and 294,842,184 Class B common shares, all held by J&F Investments Luxembourg S.a r.l. (J&F Lux).
• J&F Lux is a wholly-owned subsidiary of J&F S.A., which is indirectly 100% owned by Wesley and Joesley Mendonca Batista.
• The Batista brothers equally share voting and investment powers, as well as the economic benefit, of the shares held by J&F S.A.
• Each Class B Common Share is convertible into one Class A Common Share at the holder's option at any time.
• While Class A shares have one vote, Class B shares are entitled to 10 votes, a voting power not reflected in the reported percentage which assumes conversion to Class A.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not convey positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

The filing is a beneficial ownership report and does not contain forward-looking statements or guidance regarding JBS N.V.'s future performance or operations.

Industry Context

This filing is a standard disclosure of significant beneficial ownership, common in the financial industry for publicly traded companies. It indicates a concentrated ownership stake by a group of related parties, which can influence corporate governance and strategic direction within the meat processing and food industry, where JBS N.V. operates.

Related Party Transactions

• The beneficial ownership is held by J&F Investments Luxembourg S.a r.l., a wholly-owned subsidiary of J&F S.A., which is indirectly 100% owned by Wesley and Joesley Mendonca Batista. This structure indicates a significant related-party ownership and control relationship.

Stakeholder Impact

• Shareholders: The disclosure of a significant, concentrated ownership stake (48.3%) by the Batista family and their entities confirms their substantial influence over JBS N.V.'s strategic decisions and corporate governance, potentially impacting minority shareholder rights and future corporate actions.
• Management: The strong ownership by the Batista family implies their continued oversight and influence on the company's executive management and operational direction.

Next Steps

• The Reporting Persons are responsible for the timely filing of any future amendments to this Schedule 13G or subsequent Schedule 13D/13G filings.

Key Dates

Keywords

JBS N.V., Beneficial Ownership, Schedule 13G, Wesley Mendonca Batista, Joesley Mendonca Batista, J&F S.A., J&F Investments Luxembourg, Class A Common Shares, Class B Common Shares, Shareholder Disclosure, SEC Filing