SÃO PAULO, Feb. 5, 2025
/PRNewswire/ -- ITAÚ UNIBANCO HOLDING S.A. ("Company") announces to
its stockholders and the general market that its Board of
Directors, meeting on February 5,
2025, has approved the following proposals:
1. Increase of the subscribed and paid-in
capital within the limit of the authorized capital provided for in
the Company's bylaws: in the amount of R$33,334,060,190.00 (thirty-three billion, three
hundred and thirty-four million, sixty thousand, one hundred ninety
Brazilian reais) from R$90,729,000,000.00 (ninety billion, seven
hundred and twenty-nine million Brazilian reais) to R$124,063,060,190.00 (one hundred twenty-four
billion, sixty-three million, sixty thousand, one hundred ninety
Brazilian reais), with the capitalization of amounts recorded in
the Company's Revenue Reserves – Statutory Reserves.
2. Ten percent (10%) Bonus Shares: capital
will be increased with the issue of 980,413,535 new book-entry
shares, with no par value, of which 495,829,036 common and
484,584,499 preferred shares, to be attributed free of charge to
the Company's stockholders, as a bonus, in the proportion of 1
(one) new share of the same type for every 10 (ten) shares held,
with treasury shares also included as bonus shares.
2.1. Base Date: holders of shares in the
stockholding position at the end of March
17, 2025, will be entitled to the share bonus.
2.2. Trading: new shares will be released for
trading "ex" bonus rights as of March 18,
2025, it being certain that these new shares will be
included in the stockholders' position on March 20, 2025.
2.3. Right of Bonus Shares: the new shares will be
fully entitled to the earnings to be declared as of March 20, 2025, under the same terms as the
common and preferred shares of the Company, as applicable.
2.4. Dividends: monthly dividends will be kept at
R$0.015 per share, so that the total
amounts monthly paid by the Company to stockholders will be
increased by 10% (ten percent) after the inclusion of the bonus
shares in the stockholding position. The minimum annual dividend
guaranteed to preferred shares will also be kept at R$0.022 per share.
2.5. Auction of Share Fractions: bonus shares will always
be issued in whole numbers.
After the period from February 06,
2025, to March 17, 2025
elapses, any remaining fractions arising from the bonus shares will
be separated, grouped in whole numbers and sold at auction at B3
S.A. – Brasil, Bolsa, Balcão, and the net proceeds from this sale
will be made available to the holders of these fractions at a date
to be informed by the Company in due time.
Therefore, stockholders holding common and/or preferred shares
of the Company in a number that is not a multiple of ten (10) and
who wish, at their free and exclusive discretion, to adjust their
stockholding positions in multiples of ten (10), may, in the
aforementioned period: (i) trade in the secondary market; (ii)
transfer through accounts held by the same holder at different
brokers; and/or (iii) transfer, by trading in the private
environment of a non-organized over-the-counter market
(transactions not registered at B3 ), the number of shares required
to receive the bonus shares in whole numbers.
2.6. Cost of Bonus Shares: the cost attributed to the
bonus shares is R$34.00 per share, in
accordance with Article 58, paragraph 1, of Regulatory Instruction
No. 1,585/15 of the Federal Revenue Service, as well as Article
843, paragraph 1, of the Income Tax Regulation /18, and Article 10,
paragraph 1, of Law No. 9,249/951.
2.7. Foreign Market: simultaneously with the
transaction in the Brazilian market and in the same proportion, the
securities traded in the U.S. market (ADR – American Depositary
Receipt) will also be issued shares bonus at ten percent (10%), so
that investors will receive one (1) new ADR for every ten (10) ADRs
held as of the base date. Accordingly, ADRs will continue to be
traded at the proportion of one (1) preferred share of the Company
for one (1) ADR.
For any clarifications that may be required, please access the
Company's investor relations website
(https://www.itau.com.br/relacoes-com-investidores/en/).
São Paulo (SP), February 5,
2025.
Gustavo Lopes
Rodrigues
Investor Relations Officer
1 This cost is not attributable to stockholders
who value their equity interest in the Company by using the equity
method.
Contact:
Itaú Unibanco – Comunicação Corporativa
Phone: (11) 5019-8880 / 8881
E-mail: imprensa@itau-unibanco.com.br
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SOURCE Itaú Unibanco Holding S.A.
