SAO PAULO, May 24, 2018 /PRNewswire/ -- ITAÚ
UNIBANCO HOLDING S.A. ("Company") informs its stockholders that
the Board of Directors approved the convening, on a timely date to
be widely announced to the market by the Company, of an
Extraordinary General Stockholders' Meeting to resolve on the
proposed split of 50% of the current 6,536,090,232 book-entry
shares with no par value that comprise the capital stock,
3,305,526,906 of which are common and 3,230,563,326 are preferred
shares. As a consequence, stockholders will receive one (1) new
share for each two (2) shares of the same type they own.
The base date of the right to the stock split will be announced
to the market by the Company after the approval of the resolutions
by the Central Bank of Brazil
("BACEN"). Accordingly, the Company shares will continue, until the
date to be opportunely announced, to be traded with the right to
the stock split and, only after such date, they will be traded
ex-rights to the split.
The monthly dividends will be maintained at R$ 0.015 per share so that the total amounts
monthly paid by the Company to stockholders will be increased by
fifty percent (50%) after the inclusion of the split shares in the
stockholding position. The minimum annual dividend assured to the
preferred shares will be maintained at R$
0.022 per share.
The stock split will always be carried out in whole numbers.
After the approval of the resolutions by BACEN, the Company will
determine a period no shorter than thirty (30) days for
stockholders who wish to transfer the fractions of shares arising
from the split. Once this period elapses, any remaining shares
arising from the fractions of shares will be separated, grouped in
whole numbers and sold on the B3 S.A., Brasil, Bolsa, Balcão (B3 –
Brazilian Exchange and OTC) and the net amount determined will be
made available to the stockholders of these fractions. The Company
will provide further details on the above mentioned procedure in a
timely manner.
In the international market, concurrently with the operation in
the Brazilian market and in the same proportion, the securities
traded on the U.S. market (ADR - American Depositary Receipt) will
also be split by fifty percent (50%) so that investors will receive
one (1) new ADR for every two (2) ADRs they hold on the base date.
Accordingly, the ADRs will continue to be traded in the proportion
of one (1) preferred share of the Company to one (1) ADR.
The Convening Notice of the Extraordinary General Stockholders'
Meeting, the "Meeting Manual" and the Absentee Voting Form will be
disclosed to the market in a timely manner within the legal
term.
São Paulo (SP), May 24,
2018
ALEXSANDRO
BROEDEL
Group Executive Finance Director and
Investor Relations Officer
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SOURCE Itaú Unibanco Holding S.A.