425: JBS S.A. Provides Update on Dual Listing Plans

JBS S.A. updates shareholders on progress towards its proposed corporate restructuring and dual listing on the New York Stock Exchange and the So Paulo Stock Exchange.

Summary

• JBS S.A. is pursuing a corporate restructuring and dual listing.
• JBS N.V. will become the ultimate holding company of the JBS Group.
• JBS N.V.'s Class A common shares will be listed on the New York Stock Exchange.
• Brazilian Depositary Receipts (BDRs) representing JBS N.V.'s Class A common shares will be listed on the So Paulo Stock Exchange (B3).
• JBS B.V. has filed registration requests with the Brazilian Securities and Exchange Commission (CVM) and B3 for the dual listing.
• The requests are currently under analysis by the CVM and B3.
• JBS S.A. will continue to update the market on the progress of the dual listing implementation.

Sentiment

Score: 7

Explanation: The document conveys a positive sentiment as it provides an update on the progress of a strategic initiative (dual listing). There are no explicit negative aspects mentioned, and the company is keeping the market informed.

Positives

• The dual listing could increase JBS's visibility and access to capital markets.
• The restructuring may streamline the corporate structure and improve efficiency.

Risks

• The dual listing is subject to regulatory approvals from the CVM and B3.
• The completion of the Proposed Transaction is subject to risks relating to obtaining shareholder and regulatory approvals, anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management and expansion and growth of the JBS Groups operations.
• Unlisted factors may present significant additional obstacles to the realization of forward looking statements.

Future Outlook

JBS S.A. will keep the market updated on the developments and progress of the Dual Listing implementation.

Management Comments

• Guilherme Perboyre Cavalcanti, Global CFO and Investor Relations Officer, signed the Notice to the Market.

Industry Context

Dual listings are often pursued by companies seeking to increase their visibility to investors in different markets and improve access to capital.

Stakeholder Impact

• Shareholders will be impacted by the corporate restructuring and dual listing.
• The dual listing could potentially increase the value of JBS S.A.'s shares.

Next Steps

• The CVM and B3 will analyze the registration requests filed by JBS B.V.
• JBS S.A. will continue to update the market on the progress of the dual listing implementation.

Key Dates

Keywords

Dual Listing, JBS S.A., JBS N.V., BDR, Corporate Restructuring, NYSE, B3, CVM