WASHINGTON — Brazilian meatpacker JBS S.A. is getting closer to its goal of achieving dual listing. On April 11, the company filed an F-4 form with the Securities and Exchange Commission (SEC), in which JBS laid out a tentative schedule for listing shares on the New York Stock Exchange (NYSE).
JBS plans to hold a board meeting on April 22, where members will vote to call a general shareholder meeting to approve the company’s dual listing plan. The tentative date for the shareholder meeting is May 23.
Under this timeline, JBS shares could be traded on NYSE as early as June 12.
However, the schedule is subject to regulatory approval. In the SEC filing, JBS noted that a general meeting would not be held on May 23 “if the registration statement on Form F-4 of which this prospectus is a part is not declared effective.”
Last month, two of the largest JBS shareholders agreed to abstain from voting at the shareholder meeting. The minority shareholders will get the deciding vote on whether to proceed with the dual listing or not.