Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. covers the month of October 2006, with the report filed on November 9, 2006. The document serves as a regulatory disclosure pursuant to Rule 13a-16 under the Securities Exchange Act of 1934, specifically reporting on securities and derivatives transactions involving the company's administration, family dependents, and various governance bodies in accordance with Brazilian Instruction CVM No. 358/2002.
Key Financial Metrics
The filing text does not provide consolidated financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. The document is strictly limited to reporting share ownership balances and specific trading activities of insiders and related parties.
Key shareholding data reported includes:
- Group and Family Dependents: Held 309,299,120 Common Shares (31.57% of total) and 19,624,443 Non-Voting Shares (2.00% of total). No change in balance occurred in October 2006.
- Board of Directors: Held 4,670,822 Common Shares and 4,773,380 Non-Voting Shares. No change in balance occurred in October 2006.
- Board of Executive Officers: Net activity resulted in a decrease in Common Shares from 241,668 to 229,192 and a slight increase in Non-Voting Shares from 643,540 to 644,247.
Material Changes and Transactions
While most groups reported no transactions, the Board of Executive Officers executed significant trades in October 2006:
- Common Shares:
- Purchases: 130 shares acquired on October 20 at prices ranging from R$ 73.20 to R$ 73.30 (Total Value: R$ 9,519.00).
- Sales: 12,606 shares sold on October 4 at prices ranging from R$ 70.00 to R$ 71.00 (Total Value: R$ 889,083.00).
- Non-Voting Shares:
- Purchases: 880 shares acquired on October 2 and 20 at prices ranging from R$ 73.45 to R$ 76.85 (Total Value: R$ 65,317.12).
- Sales: 173 shares sold on October 2 and 4 at prices ranging from R$ 73.60 to R$ 75.00 (Total Value: R$ 12,818.20).
Other groups, including the Audit Committee and Technical and Advisory Agencies, reported no operations during the period.
Guidance, Outlook, and Risks
The filing contains a standard Forward-Looking Statements disclaimer. It notes that any statements regarding future economic circumstances, industry conditions, company performance, dividend declarations, or capital expenditure plans are based on management's current estimates and are subject to risks and uncertainties. The document explicitly states there is no guarantee that expected events or trends will occur.
Investor Verification Checklist
- Verify the net reduction in Common Share holdings by the Board of Executive Officers (approx. 12,476 shares net sold).
- Confirm the stability of the controlling interest held by the Group and Family Dependents (no change in October 2006).
- Review the specific transaction dates and prices for Executive Officer trades to assess market timing relative to public announcements.
- Note that this filing does not contain financial performance data; refer to the company's Form 20-F or local Brazilian filings for revenue and profit metrics.