Banco Bradesco Held Meeting of Board of Directors
OREANDA-NEWS. Banco Bradesco S.A. informs that its Board of Directors, at a meeting held, pursuant to Paragraph 6 of Article 6 of the company's bylaws, and in compliance with the requirements set forth in Paragraphs 1 and 2 of Article 30 of Law # 6,404/76 and with the CVM - Comissao de Valores Mobiliarios (Brazilian Securities and Exchange Commission) Instructions # 10, 268 and 390, of 2.14.1980, 11.13.1997 and 7.8.2003, respectively, resolved:
I) to renew the program to acquire shares issued by the company to be maintained in treasury and subsequent disposal or cancellation, keeping the same quantities, without decreasing the capital stock;
II) to authorize the Company's Board of Executive Officers to acquire up to 15,000,000 registered book-entry shares, with no par value, comprised of 7,500,000 common shares and 7,500,000 preferred shares. It is incumbent on the Board of Executive Officers to determine the opportunity and the number of shares to be effectively acquired, within the limits authorized and the duration of this resolution.
For the purposes of Article 8 of CVM Instruction # 10, of 2.14.1980, it is specified that:
a) the objective of the present authorization is the application of existing funds in the “Profits Reserves - Statutory”, available for investments;
b) it shall be valid for the period of 365 days, from 6.27.2013 to 6.26.2014;
c) pursuant to the concept of Article 5 of CVM Instruction # 10, the Bank has 2,583,999,979 outstanding shares, comprising 553,151,474 common shares and 2,030,848,505 preferred shares; and
d) the acquisition process of these shares shall be undertaken at market price and be mediated by Bradesco S.A. Corretora de Titulos e Valores Mobiliarios, with headquarters at Avenida Paulista, 1,450, 7o andar, Bela Vista, Sao Paulo, SP, and Agora Corretora de Titulos e Valores Mobiliarios S.A., with headquarters at Praia de Botafogo, 300, salas 601 e 301, parte, Botafogo, Rio de Janeiro, RJ.
III) in case of cancellation of such purchased shares, the Board of Directors shall be responsible for submitting such cancellation to the approval of the General Shareholders' Meeting, without decreasing the capital stock;
IV) to register that, pursuant to the authorization granted to the Board of Executive Officers at the Meeting # 1,994 of this Body, held on 12.20.2012, it was verified that, until this date (6.25.2013), 263,510 common shares and 478,670 preferred shares were acquired, which added to the already existing 2,635,100 common shares and 4,786,700 preferred shares total 8,163,980 shares that will remain at treasury, and the decision about the sale or cancellation of these shares will be taken timely and reported to the market.
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