Raízen (RAIZ4) reported that on October 29, 2026, it received a notice from its controlling shareholder Shell Brazil Holding B.V. regarding the conversion of 1,233,921,244 common shares issued by the Company into an equal number of preferred shares, at a ratio of 1 common share to 1 preferred share, as provided for in the Bylaws.
After the conversion, Shell’s direct interest changed from 4,496,786,292 common shares, equivalent to 50.00% of total common shares, and 60,810,825 preferred shares, equivalent to 4.49% of total preferred shares, to 3,262,865,048 common shares, representing 42.05% of total common shares, and 1,294,732,069 preferred shares, representing 50.00% of total preferred shares.
The total number of shares held by Shell remained at 4,557,597,117 shares, equivalent to 44.04% of Raízen’s share capital, with no change in its economic interest. According to the company, the transaction did not involve the purchase or sale of shares, only a change in the breakdown of the stake by share class.
