Latest PHAROL News & Updates
See the latest news and media coverage for PHAROL. We track all announcements, press releases, and industry mentions in real time, all in one place.
Last updated
Latest news about PHAROL
In short: PHAROL secured a major legal victory regarding credit recovery and underwent significant shareholder changes while maintaining its penny stock status.
Company announcements
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PHAROL approves 2025 accounts and changes bylaws
The General Meeting of April 17, 2026 approved financial reports, application of results and review of the bylaws, withdrawing the share grouping proposal.
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PHAROL reports favorable court decision in the ESI process
The Commercial Court of Luxembourg decides that PHAROL does not have to return amounts to ESI. There is an appeal filed by the ESI trustee.
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PHAROL reports on Rio Forte's insolvency report
Attaches translation of Report No. 32 of the judicial administrators of 31/12/2025, available on the insolvencies website.
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PHAROL obtains judicial recognition of credit over Rio Forte
Luxembourg court recognizes 750 million euros plus interest and annuls ESI process. Total credit reaches 897 million euros.
Media coverage
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Pharol withdraws share grouping proposal. It will continue to be a "penny stock"
The 100-to-1 share grouping did not go ahead again at this Friday's general meeting of the former PT SGPS. Approved was the...
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Luxembourg Commercial Court rules that Pharol does not have to return any amounts to ESI
The Luxembourg Commercial Court ruled that Pharol does not have to return, by the former Rioforte company, any amounts to Espírito Santo International (ESI...
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"Stock split" by Pharol postponed to April 17
Due to the lack of presence of one third of the shareholders, the voting on the amendments to the bylaws and the stock grouping was postponed. The remaining proposals...
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Pharol wants to stop being a "penny stock" and proposes to shareholders a "reverse stock split"
The company scheduled a shareholders' general meeting for March 26, in which it will be voted that 100 shares become just one. In addition...
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