Summary by Moomoo AI
On June 7, 2024, Petroleo Brasileiro SA Petrobras (Petrobras) announced that its Board of Directors has decided not to convene an Extraordinary General Meeting (EGM) as requested by shareholders. The decision, which was made during a board meeting, was based on the failure to meet the requirements of subparagraph 'c' of article 123 of the Brazilian Corporate Law (Law No. 6,404/1976). Petrobras stated that material facts regarding this subject will be disclosed to the market in due course. The company, listed on the United States Securities and Exchange Commission, is a major player in the energy sector and is headquartered in Rio de Janeiro, Brazil.