Exhibit 99.50
This business combination involves the securities of a Brazilian company.
The business combination is subject to disclosure requirements of Brazil that are different from those of the United States. Financial
statements included in the document, if any, have been prepared in accordance with foreign accounting standards that may not be comparable
to financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you
may have arising under the U.S. federal securities laws, since the issuer is located in Brazil, and some or all of its officers and directors
may be residents of Brazil. You may not be able to sue a Brazilian company or its officers or directors in a Brazilian court for violations
of the U.S. securities laws. It may be difficult to compel a Brazilian company and its affiliates to subject themselves to a U.S. court’s
judgment.
You should be aware that the issuer may purchase securities otherwise
than under the business combination, such as in open market or privately negotiated purchases.
MARFRIG GLOBAL FOODS S.A.
Publicly Traded Company
CNPJ/MF No. 03.853.896/0001-40
NIRE 35.300.341.031
NOTICE TO SHAREHOLDERS
Tax Treatment of Shareholders as a Result of Exercising Their Withdrawal Right
MARFRIG GLOBAL FOODS S.A. (“Marfrig”
or the “Company”) hereby announces, in continuation of the material fact disclosed on August 5, 2025, which reported
the approval by the Company’s Extraordinary General Meeting, which started and was suspended on June 18, 2025, and resumed and concluded
on August 5, 2025 (the “Meeting”), of the merger of shares issued by BRF S.A. (“BRF”) by the Company
(the “Merger”), the completion of which is subject to the verification (or waiver, as the case may be) of certain conditions
set forth in the “Plan of Merger of BRF S. A. by Marfrig Global Foods S.A. entered into on May 15, 2025, as amended on May 26, 2025
(the “Plan of Merger”), and upon the occurrence of the Closing Date (as defined in the Plan of Merger), to present
to its shareholders information related to the tax treatment to be given to Dissenting Shareholders (as defined below) as a result of
the exercise of the Withdrawal Right (as defined below), as well as request Dissenting Shareholders not resident in Brazil to provide
certain information necessary for the Company to comply with its legal obligations under tax legislation and regulations.
| 1 | Exercise of the Withdrawal Right. |
| 1.1 | Withdrawal Right. As provided for in the notice to shareholders disclosed by the Company on August
5, 2025 (the “Notice to Shareholders”), the approval of the Merger gives rise to the right of withdrawal (the “Withdrawal
Right”) for holders of common shares issued by the Company who (i) have held shares issued by Marfrig continuously from the
date of disclosure of the first material fact regarding the Merger (i.e., May 15, 2025, inclusive) until the Closing Date; (ii) did not
vote in favor of the Merger, abstained from voting, or did not attend the Meeting; and (iii) expressly state their intention to exercise
the Withdrawal Right in the period between August 6, 2025 (inclusive) and September 5, 2025 (inclusive) (the “Dissenting Shareholders”). |
| 1.2 | Reimbursement amount. Pursuant to Article 45 of Law No. 6,404, of December 15, 1976 (the “Brazilian
Corporations Law”) and in accordance with item 6.2 of the Plan of Merger, the reimbursement amount will be R$ 3.32 per share,
corresponding to the book value per share calculated based on the Company’s net equity as stated in the financial statements for
the fiscal year ended December 31, 2024, as approved by the Ordinary General Meeting held on March 31, 2025, divided by the number of
shares issued by the Company on December 31, 2024 (without considering the shares held in treasury on May 15, 2025). |
| 1.3 | Payment of the Withdrawal Right. After the deadline for exercising the Withdrawal Right has passed,
the Company will inform the Dissenting Shareholders of the date of payment of the reimbursement of the shares in the event of the exercise
of the Withdrawal Right, without prejudice to the right of the Company’s management, within ten (10) days after the expiration of
the period for exercising the Withdrawal Right, to call a General Meeting to reconsider the resolution on the Merger based on the volume
of the Withdrawal Right exercised. |
| 2 | Tax Treatment of Dissenting Shareholders.
|
| 2.1 | Dissenting Shareholders residing in Brazil. The Company is not responsible for any withholding
or collection of taxes levied on potential gains earned by Dissenting Shareholders residing in Brazil, including individuals and legal
entities, investment funds, or other entities, as a result of exercising the Withdrawal Right. Such shareholders may be subject to income
tax and other taxes, in accordance with the legal and regulatory rules applicable to each category of investor, and these investors should
consult their advisors on the applicable taxation and be responsible for the eventual payment of any applicable taxes. |
| 2.2 | Dissenting Shareholders not resident in Brazil. |
Due to the Company’s legal responsibility
for withholding and paying Withholding Income Tax (the “IRRF”) on potential gains earned by Dissenting Shareholders
not resident in Brazil, as established in the applicable legislation, the Company will withhold part of the amount due to such shareholders
as reimbursement for the Withdrawal Right, in an amount corresponding to the IRRF related to any capital gains earned by such investors.
The calculation basis for the IRRF will
be the capital gain of the respective Dissenting Shareholder, corresponding to the positive difference, if any, between (i) the reimbursement
amount, as detailed in item 1.2, above; and (ii) the acquisition cost of the shares issued by the Company to each non-resident Dissenting
Shareholder. IRRF will be withheld and collected by the Company in accordance with the legal and regulatory rules applicable to each type
of investor not resident in Brazil, observing the rates of 15% to 22.5%, or the rate of 25% in the case of shareholders who are residents
of a country or dependency with favorable taxation (i.e. juridisction that (i) does not impose any tax on income; (ii) imposes
income tax at a maximum rate lower than 17%; or (iii) imposes restrictions on the disclosure of ownership composition or securities
ownership or does not allow for the identification of the beneficial owners of the earnings that are attributed to non-residents).
The Company reserves the right to offset
the amount collected as IRRF from each Dissenting Shareholder not resident in Brazil with any credits held by the Company against the
respective investors.
In order to enable the calculation of
any capital gains, Dissenting Shareholders not resident in Brazil must complete and submit electronically to the Company, directly or
through their custodians, the template spreadsheet contained in Annex I to this notice, containing information on non-resident
shareholders, including the acquisition cost of the shares issued by the Company that they hold and their tax residence, and provide the
corresponding supporting documentation. The template spreadsheet contained in Annex I to this notice to must be completed
and sent by the shareholder by email to the following address: <ri@marfrig.com.br>, with the subject line “Withdrawal Right
– Acquisition Cost.” The amounts indicated in the template spreadsheet as acquisition cost must be accompanied by reliable
and adequate supporting documentation (e.g., broker statements), which must also be attached to the email. Such information and documents
must be submitted in accordance with the instructions contained herein by 6:00 p.m. (BRT) on September 10, 2025. The Company
may, at its sole discretion, request additional information and/or documents whenever it deems necessary for the full compliance with
its legal obligations as a tax entity.
The Company will use the information
provided to it in the manner described above to calculate capital gains and withholding income tax, with shareholders being responsible
for the accuracy and completeness of such information and documents. The Company (i) will consider the acquisition cost to be zero for
Non-Resident Dissenting Shareholders who do not submit the acquisition cost of the shares issued by the Company, or who submit the information
and/or supporting documentation in an inadequate, insufficient, or untimely manner; and (ii) apply a 25% tax rate on the capital gains
of Dissenting Shareholders not resident in Brazil who, within the same period, fail to inform their country or dependency of residence
or tax domicile, all in accordance with the laws and regulations of the Brazilian Federal Revenue Service.
By providing the above information, shareholders
and their custodians authorize the disclosure of the data submitted, as well as any additional information that may be subsequently requested
by the Company to the tax authorities in an audit procedure.
The Company will keep its respective shareholders
and the market informed about the progress of the Merger and other matters discussed herein, including the outcome of the Withdrawal Right
and the conditions and deadlines applicable to the payment of the reimbursement amount, if applicable.
São Paulo, August 29, 2025.
| MARFRIG GLOBAL FOODS S.A. |
Tang David
Chief Financial Officer and Investor Relations Officer |
APPENDIX I
INFORMATION ON ACQUISITION COST1
| Name |
|
CPF/CNPJ |
|
Country
of
Tax Residence |
|
Classification
under Joint
Resolution No. 13
of the CMN and
CVM? (Yes/No) |
|
Acquisition
Date |
|
Acquisition
Cost per
Share (BRL) |
|
Number
of
Shares |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
* * *
| 1 | The information must be submitted
in xls format (Excel file), accompanied by the corresponding supporting documentation. |
4
Exhibit 99.51
This business combination involves the securities of a Brazilian company.
The business combination is subject to disclosure requirements of Brazil that are different from those of the United States. Financial
statements included in the document, if any, have been prepared in accordance with foreign accounting standards that may not be comparable
to financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you
may have arising under the U.S. federal securities laws, since the issuer is located in Brazil, and some or all of its officers and directors
may be residents of Brazil. You may not be able to sue a Brazilian company or its officers or directors in a Brazilian court for violations
of the U.S. securities laws. It may be difficult to compel a Brazilian company and its affiliates to subject themselves to a U.S. court’s
judgment.
You should be aware that the issuer may purchase securities otherwise
than under the business combination, such as in open market or privately negotiated purchases.
BRF S.A.
Publicly Trade Company
CNPJ/MF No. 01.838.723/0001-27
NIRE 42.300.034.240
NOTICE TO SHAREHOLDERS
Tax Treatment of Shareholders as a Result of the Withdrawal Exercise
BRF S.A. ("BRF" or "Company"),
following the material fact disclosed on August 5, 2025, which informed the approval by the Company's Extraordinary General Meeting held
on the same date ("Meeting") of the merger of shares issued by BRF by Marfrig Global Foods S.A. ("Marfrig")
(the “Merger of Shares"), the consummation of which is subject to the satisfaction (or waiver, as the case may be) of
certain conditions precedent set forth in the "Plan of Merger of Shares Issued by BRF S.A. by Marfrig Global Foods S.A..", entered
into on May 15, 2025, as amended on May 26, 2025 ("Plan of Merger"), and the advent of the Closing Date (as defined in
the Plan of Merger), to present to its shareholders information related to the tax treatment to be given to the Dissenting Shareholders
(as defined below) as a result of the exercise of the Withdrawal Right (as defined below), as well as to request the Dissenting Shareholders
not resident in Brazil to provide certain information necessary to comply with the Company's legal duties under applicable tax laws and
regulations.
| 1 | Exercising the Withdrawal Right. |
| 1.1 | Withdrawal Right. As provided for in the notice to shareholders disclosed by the Company on August
5, 2025 ("Notice to Shareholders"), the approval of the Merger of Shares gives rise to the Withdrawal Right ("Withdrawal
Right") for holders of common shares issued by the Company who (i) hold shares issued by BRF on an uninterrupted basis, from
the date of disclosure of the first material fact regarding the Merger of Shares (i.e., 15 May 2025) through the Closing Date; (ii) did
not vote in favor of the Merger of Shares, abstained from voting or did not attend the Meeting; and (iii) expressly express their intention
to exercise the Withdrawal Right between August 6, 2025 (inclusive) and September 5, 2025 (inclusive) ("Dissenting Shareholders"). |
| 1.2 | Refund amount. Pursuant to article 264, paragraph 3, of Law No. 6,404, of December 15, 1976 ("Brazilian
Corporation Law") and pursuant to item 6.2 of the Plan of Merger, the Dissenting Shareholders may choose between: (i) the reimbursement
amount established pursuant to article 45 of the Brazilian Corporation Law, corresponding to R$9.43 per share; or (ii) the book value
per share issued by BRF, determined based on the appraisal report containing the calculation of the replacement ratio of the shares held
by BRF's non-controlling shareholders, based on the value of the shareholders' equity of Marfrig and BRF's shares, the two assets evaluated
according to the same criteria and on the same date, at market prices, pursuant to article 264 of the Brazilian Corporation Law, corresponding
to R$19.89 per share. |
| 1.3 | Payment of Withdrawal Right. After the expiration of the period for exercising the Withdrawal Right,
the Company shall inform the Dissenting Shareholders of the date of payment of the reimbursement of the shares in case of the exercise
of the Withdrawal Right, without prejudice to the right of the Company's management to, within ten (10) days after the end of the Withdrawal
Right exerice period, call a Shareholders' Meeting to reconsider the resolution of the Merger of Shares due to the volume of the Withdrawal
Rights exercised. |
| 2 | Tax Treatment of Dissenting Shareholders.
|
| 2.1 | Dissenting Shareholders residing in Brazil. The Company is not responsible for any withholding
or payment of taxes levied on potential gains earned by Dissenting Shareholders residing in Brazil, including individuals and legal entities,
investment funds or other entities, as a result of the exercise of the Withdrawal Right. Such shareholders may be subject to the incidence
of income tax and other taxes, in accordance with the legal and regulatory rules applicable to each category of investor, and these investors
must consult their advisors about the applicable taxation and be responsible for the eventual payment of the taxes that are applicable. |
| 2.2 | Dissenting Shareholders not resident in Brazil. |
Due to the Company's legal responsibility
for withholding and payment of Withholding Income Tax ("IRRF") levied on potential gains earned by Dissenting Shareholders
not resident in Brazil, as established in the applicable legislation, the Company will retain part of the amount due to such shareholders
as reimbursement for the Withdrawal Right, in an amount corresponding to the IRRF related to any capital gain earned by such investors.
The calculation basis for the WHT will
be the capital gain of the respective Dissenting Shareholder, corresponding to the positive difference, if any, between (i) the amount
of the reimbursement, as detailed in item 1.2, above; and (ii) the cost of acquisition of the shares issued by the Company from each non-resident
Dissident Shareholder. The WHT will be withheld and collected by the Company in accordance with the legal and regulatory rules applicable
to each type of investor not resident in Brazil, observing the rates of 15% to 22.5%, or the rate of 25% in the case of a shareholder
who is resident in Favorable Tax Jurisdiction (i.e. juridisction that (i) does not impose any tax on income; (ii) imposes income
tax at a maximum rate lower than 17%; or (iii) imposes restrictions on the disclosure of ownership composition or securities ownership
or does not allow for the identification of the beneficial owners of the earnings that are attributed to non-residents).
The Company reserves the right to offset
the amount collected as WHT from each Dissident Shareholder not resident in Brazil against any credits held by the Company against the
respective investors.
In order to enable the calculation of
any capital gain, the Dissenting Shareholders who are not resident in Brazil must fill out and deliver electronically to the Company,
directly or through their respective custodians, the information contained in Exhibit I to this notice to shareholders,
containing data about the non-resident shareholders, including the cost of acquisition of the shares issued by the Company and their tax
residence, and provide the corresponding supporting documentation. The information contained in Exhibit I to this notice
to shareholders must be completed and made available by the shareholder through the form to be accessed through the link https://brf.softexpert.com/se/v87978/survey/s.php?token=d18b404bd323fbac4f38f10649964c3a&se-guestsession-token=4154be452da8724bda292882d453a1616139.
The information filled out in the form
as acquisition cost must be accompanied by reliable and adequate supporting documentation (for example, broker statements), which should
also be attached to the form. Such information and documents must be submitted in accordance with the instructions contained herein by
6:00 p.m. (BRT) on 10 September, 2025. The Company may, at its sole discretion, request additional information and/or documents
whenever it deems necessary for full compliance with its legal obligations as a tax liable.
The Company will use the information
provided to it in the form above to calculate the capital gain and the WHT, and the shareholders will be responsible for the veracity
and completeness of such information and documents. The Company (i) will consider the acquisition cost to be equal to zero for non-resident
Dissenting Shareholders who do not forward the amount of the acquisition cost of the shares issued by the Company, or who submit the information
and/or supporting documentation in an inadequate, insufficient or untimely manner; and (ii) it will apply the rate of 25% on the capital
gains of Dissenting Shareholders not resident in Brazil who, within the same period, fail to inform their country or dependence of residence
or tax domicile, all in accordance with the legislation and regulations of the Federal Revenue Service of Brazil.
By providing the information mentioned
above, the Shareholders and their Custody Agents authorize the availability of the data submitted, as well as any additional information
that may be subsequently requested by the Company to the tax authorities in inspection proceedings.
The Company will keep its respective shareholders
and the market informed about the development of the Merger of Shares and other matters hereunder, including the result of the Withdrawal
Right and the conditions and deadlines applicable to the payment of the refund amount, if applicable.
São Paulo, August 29, 2025.
| BRF S.A. |
Fábio Luis Mendes Mariano
Chief Financial and Investor Relations Officer |
ANNEX I
ACQUISITION COST
INFORMATION1
| Name |
|
CPF/CNPJ |
|
Country of
tax residence |
|
Classification
under the terms of
Joint Resolution
No. 13, of the CMN
and the CVM?
(Yes/No) |
|
Acquisition
Date |
|
Acquisition
Cost per
Share (R$) |
|
Number of
Shares |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
* * *
| 1 | The information must be sent in xls format. (Excel file), accompanied by
the corresponding supporting documentation for proof. |
4