SÃO PAULO, Jan. 31, 2021
/PRNewswire/ -- In accordance with paragraph 4 of Article 157 of
Law No. 6404/1976 and CVM Instruction No. 358,02, Itaú Unibanco
Holding S.A ("Itaú Unibanco" or "Company") informs its stockholders
and the general market that, in line with the Material Facts
disclosed on November 3 and 26 and
December 31, 2020, as of today,
January 31, 2021, the Extraordinary
General Stockholders' Meeting ("ESM") was held and approved the
proposal for the corporate restructuring aimed at segregating the
Itaú Unibanco Conglomerate's business line in connection with the
equity interest in XP Inc. ("XP"), a company incorporated in the
Cayman Islands and listed on
Nasdaq, represented by two hundred twenty-six million, five hundred
twenty-three thousand, three hundred and four (226,523,304) shares
issued by XP, equivalent, as of September
30, 2020, to 41.05% of the capital of the latter, to be
transferred to a new company to be named XPart S.A.("XPart").
Itaú Unibanco informs that, other than initially expected, XPart
was not created as of today, January 31,
2021, considering that the Company's parent companies, that
is, Itaúsa S.A. and IUPAR – Itaú Unibanco Participações S.A.,
informed at the ESM that the incorporation of XPart is dependent on
the favorable approval of the Federal Reserve Board ("FED"), as a
result of some commitments previously assumed before such body, and
that it is still in progress.
The legal and accounting segregation of the Company and of XPart
will be carried out as soon as the favorable approval of FED is
stated, upon which XPart will be formally created.
It should be noted that, as disclosed on the Material Fact of
December 31, 2020, Itaú Unibanco's
stockholders will be entitled to equity interest in XPart in the
same number, type and proportion of the shares they hold in the
Company itself, and that the shares issued by Itaú Unibanco will
continue to be traded including the right to receive shares issued
by XPart until the cut-off date, which will be set and informed to
the market by means of a Notice to Stockholders accordingly.
São Paulo (SP), January
31, 2021.
RENATO LULIA
JACOB
Group Head of Investor Relations and Market
Intelligence
Contact:
Itaú Unibanco – Comunicação Corporativa
(11) 5019-8880 / 8881 – imprensa@itau-unibanco.com.br
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SOURCE Itaú Unibanco Holding S.A.