ADRs Program on Common Shares Issued by Banco Bradesco S.A.
OREANDA-NEWS. January 18, 2012. Banco Bradesco S.A. (“Bradesco”) announces to its shareholders, customers, employees and to the market in general that, on 1.16.2012, was published a Decree authorizing the increase from 14% (fourteen percent) to 30% (thirty percent) in the limit of foreign interest in its common stock. The authorization was given to the request of Bradesco to create an ADRs (American Depositary Receipts) Program baked by common shares, in accordance with the Notice disclosed to the market on 3.28.2011.
Bradesco reaffirms that the increase in the limit of foreign interest in its common stock only aims at attending the potential demand of the ADRs Program, whose establishment will not change the corporate structure or the control of Bradesco. The creation of this program is in accordance with the policy of adopting mechanisms to increase the liquidity and valuation of shares issued by Bradesco.
The listing of ADRs will only occur once all the necessary requirements and formalities have been complied with before other authorities, particularly the Brazilian Central Bank and the Brazilian Securities Commission – CVM, and will be disclosed to the market in due time.
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