Itaú Unibanco's Exciting Share Bonus Announcement
Recently, ITAÚ UNIBANCO HOLDING S.A. captured the attention of investors with its proposal to issue bonus shares for its stockholders. With the approval from its Board of Directors on February 5, a series of changes are set to enhance stakeholders' investments.
Details of the Capital Increase
The company announced a substantial increase in its subscribed and paid-in capital. The capital will rise from R$90,729,000,000.00 to R$124,063,060,190.00. This increase, amounting to R$33,334,060,190.00, will be funded through the capitalization of the Company's Revenue Reserves.
Issuance of Bonus Shares
A remarkable component of this announcement is the issuance of bonus shares. The company will distribute a total of 980,413,535 new shares - comprising both common and preferred shares. Each stockholder will receive one new share for every ten shares they currently own, thus incentivizing long-term investment.
Eligibility and Trading of Bonus Shares
To qualify for the bonus shares, shareowners must hold their shares by March 17, establishing a clear base date for the distribution. Newly issued shares will trade without bonus rights starting March 18. Shareholders must ensure their holdings reflect multiples of ten to fully benefit from this offer.
Dividend Policies Moving Forward
The introduction of bonus shares will not impact the existing dividend policy. Monthly dividends of R$0.015 per share will remain in place. Following the inclusion of the new shares, the total monthly payouts will increase by ten percent.
Adjusting Share Positions
Stockholders who find themselves holding a number of shares that is not a multiple of ten can explore various options during the listed trading period. These options include trading shares in the secondary market or transferring shares among different brokers to ensure they possess a suitable quantity for receiving bonus shares.
Cost Implications for Bonus Shares
Cost of Bonus Shares: Each bonus share will have an attributed cost of R$34.00 per share, adhering to relevant regulations from the Federal Revenue Service. This structured approach aims to maintain transparency regarding potential costs for shareholders.
International Market Impact
The announcement doesn't solely affect the Brazilian market. In conjunction with the Brazilian offerings, American Depository Receipts (ADRs) traded in the U.S. market will also reflect these bonus shares, maintaining the same ratio for U.S. investors.
For any further clarity or questions regarding this announcement, shareholders are encouraged to visit the investor relations section on the company’s website.
São Paulo (SP), February 5, 2025.
Gustavo Lopes Rodrigues
Investor Relations Officer
Contact:
Itaú Unibanco – Corporate Communication
Phone: (11) 5019-8880 / 8881
Frequently Asked Questions
What is the purpose of the bonus shares by Itaú Unibanco?
The bonus shares aim to increase the capital base while rewarding shareholders for their loyalty, allowing them to hold a greater number of shares without additional financial outlay.
When will the new shares become tradable?
The new shares will be tradable without bonus rights starting March 18, 2025.
How will dividends be affected by the bonus shares?
Monthly dividends will remain at R$0.015 per share, but the total payouts will see a ten percent increase after the bonus shares are accounted for.
What if I own a non-multiple of ten shares?
Stockholders can restructure their holdings through trading or transfers to ensure they hold multiples of ten shares to receive the bonus shares.
Are there any costs associated with the bonus shares?
Yes, each bonus share will have an attributed cost of R$34.00, following the guidelines dictated by federal regulations.
