Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) is a Notice to the Market dated April 6, 2022. The filing announces the approval by the Central Bank of Brazil on March 31, 2022, of a capital stock increase process. The document details the implementation of a 10% bonus stock distribution approved at the Special Shareholders' Meeting on March 10, 2022.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity for the period ending June 30, 2022, or any other reporting period. The document focuses exclusively on capital structure changes and shareholder distributions.
- Capital Stock Increase: R$4,000,000,000.00
- Previous Capital Stock: R$83,100,000,000.00
- New Capital Stock: R$87,100,000,000.00
- Bonus Stock Ratio: 10% (1 new share for every 10 shares held)
- Unit Value of Bonus Shares: R$4.128165265
- Monthly Interest on Shareholders' Equity (Gross): R$0.017249826 per common share; R$0.018974809 per preferred share
- Monthly Interest on Shareholders' Equity (Net of 15% Tax): R$0.014662352 per common share; R$0.016128588 per preferred share
Material Changes
The primary material change is the expansion of the company's capital stock by approximately 4.8% through a bonus issue. This action increases the total number of shares outstanding, which will result in a 10% increase in the total monthly interest paid to shareholders following the inclusion of new shares in their positions. The shares will trade ex-bonus starting April 19, 2022.
Guidance, Outlook, and Risks
The filing contains a standard Forward-Looking Statements disclaimer. It notes that statements regarding future economic circumstances, industry conditions, and company performance are based on management's current views and estimates. The document explicitly states there is no guarantee that expected events or trends will occur and that actual results may differ materially due to risks and uncertainties, including general economic and market conditions.
Unusual Items and Procedures:
- Fractional Shares: Shareholders may transfer fractions of shares resulting from the bonus stock between April 25, 2022, and May 26, 2022.
- Auction of Fractions: Remaining fractions will be grouped and sold at an auction on June 13, 2022, at B3 S.A. Proceeds will be distributed on June 24, 2022.
- Record Date: Shareholders registered on April 18, 2022, are entitled to the bonus.
Investor Verification Checklist
- Verify the record date of April 18, 2022, to confirm eligibility for the 10% bonus stock.
- Confirm the ex-bonus trading date of April 19, 2022, for share price adjustments.
- Check the availability date of new shares (April 25, 2022) for trading purposes.
- Review the deadline (May 26, 2022) for transferring fractional shares to avoid forced auction.
- Ensure banking and registration data are updated to receive proceeds from the fractional share auction scheduled for June 24, 2022.