Perdigao SA has announced that its shareholders of preferred shares and of common shares have approved the conversion of all the company’s preferred shares into common shares in the proportion of one to one. The conversion is scheduled to be effective from 12 April 2006.
The conversion was approved by shareholders at the company’s Annual Ordinary Meeting and an Extraordinary General Meeting, both held on 8 March 2006.
The company also announced that shareholders had approved the stock split on the basis of a 1:3 ratio, granting two new shares for each existing share, the amendment of the bylaws and the adhesion of the company to the regulations of Bovespa’s New Market, and the migration of trading in the company’s shares to Bovespa’s New Market. These additional approvals are conditional upon the effective completion of the share conversion, the company said.