SECURITIES AND EXCHANGE COMMISSION
06029-900 - Osasco - SP
Federative Republic of Brazil
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____.
Publicly-Held Company
Corporate Taxpayer´s ID No. 60.746.948/0001-12
Notice to Shareholders
Banco Bradesco S.A. (Company), according to the Material Fact disclosed on December 9, 2019, informs its shareholders and the market in general that the members of the Board of Directors approved the Board of Executive Officers´ proposal for the payment of supplementary interest on shareholders’ equity, to the company´s shareholders, in the total amount ofR$4,245,000,000.00, beingR$0.503379600 per common share andR$0.553717560 per preferred share, benefiting the shareholders who are registered in the Company’s records on December 19, 2019 (date of declaration), whereby the shares will be traded "ex-rights" to the supplementary interest from December 20, 2019.
The payment will occur on December 30, 2019 by the net amount ofR$0.427872660per common share andR$0.470659926per preferred share, after deducting the withholding income tax of 15% (fifteen percent), except for the legal entity shareholders who are exempt from such taxation, who will receive by the declared amount.
The interest relating to the shares in custody on B3 S.A. - Brasil, Bolsa, Balcão will be passed on to their holders through the respective custody agents.
The following is a statement of the amounts paid and payable relating to 2019:
Description | R$ |
Amounts Paid(*) | 2,982,392,143.25 |
- Monthly interest on shareholders’ equity relating to the months from January to November | 1,527,392,143.25 |
- Interim interest on shareholders’ equity declared on June 28, 2019 and paid on July 15, 2019 | 1,455,000,000.00 |
Amounts Payable | 4,390,465,848.34 |
- Monthly interest on shareholders’ equity relating to December, to be paid on January 2, 2020 | 145,465,848.34 |
- Supplementary Interest on shareholders' equity declared on December 19, 2019, to be paid on December 30, 2019 | 4,245,000,000.00 |
Total | 7,372,857,991.59 |
(*) it considers the bonus approved in the EGM on March 11, 2019.
Per share in R$
Type | Monthly interest on shareholders’ equity accrued in the year | Interim interest on shareholders’ equity for the 1st semester | Supplementary Interest | Total |
Common | 0.206997912 | 0.172536471 | 0.503379600 | 0.882913983 |
Preferred | 0.227697708 | 0.189790118 | 0.553717560 | 0.971205386 |
The Company may, based on the result to be calculated at the end of the financial year of 2019, distribute new interest and/or dividends to the shareholders.
If approved, the supplementary interest represents approximately 29 times the monthly interest paid, net of income tax at source, and will be included in the calculation of the mandatory dividends for the financial year provided for in the bylaws.
It is important to highlight that, additionally to the previously mentioned earnings, on October 23, 2019, Bradesco paid R$8,000,000,000.00 in extraordinary dividends using part of the balance of the “Profit Reserves – Statutory” account.
Cidade de Deus, Osasco, SP, December 19, 2019
Banco Bradesco S.A.
Leandro de Miranda Araujo
Executive Deputy Officer and
Investor Relations Officer
| BANCO BRADESCO S.A. | ||
| By: | /S/Leandro de Miranda Araujo | |
| Leandro de Miranda Araujo Executive Deputy Officer and Investor Relations Officer. | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.