Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) is dated April 3, 2020, and pertains to the month of April 2020. The document serves as a Notice to the Market regarding a capital stock increase approved by the Central Bank of Brazil on March 30, 2020, following a Special Shareholders' Meeting on March 10, 2020.
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. The primary financial data disclosed relates to the capital structure adjustment:
- Capital Stock Increase: R$4,000,000,000.00.
- Previous Capital Stock: R$75,100,000,000.00.
- New Capital Stock: R$79,100,000,000.00.
- Bonus Stock Ratio: 10% (1 new share for every 10 shares held).
- Unit Value of Bonus Shares: R$4.960422205.
- 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 material change reported is the expansion of the company's capital stock via a bonus issue. Key dates for this change include:
- Record Date: April 13, 2020 (shareholders registered on this date are entitled to the bonus).
- Ex-Bonus Date: April 14, 2020.
- Share Inclusion Date: April 16, 2020.
- Availability Date: April 17, 2020.
Additionally, a specific window was established from April 17, 2020, to May 18, 2020, for shareholders to transfer fractional shares resulting from the bonus. Remaining fractions are scheduled to be auctioned on June 1, 2020, with proceeds distributed on June 12, 2020.
Guidance, Outlook, and Risks
The filing contains a standard Forward-Looking Statements disclaimer. It notes that statements regarding future economic circumstances, industry conditions, company performance, dividend declarations, and capital expenditure plans are based on management's current views and estimates. The document explicitly states there is no guarantee that expected events or trends will occur, as they are subject to risks and uncertainties including general economic and market conditions.
Important Facts for Investor Verification
- Verify the record date of April 13, 2020, to confirm eligibility for the 10% bonus stock.
- Confirm the net monthly interest on equity rates applicable to common and preferred shares after the 15% withholding tax.
- Check the status of fractional share transfers if the holding period falls between April 17 and May 18, 2020, to avoid reliance on the June 1, 2020, auction process.
- Ensure banking and registration data are updated with the company or B3 to receive auction proceeds or credits directly.