SÃO PAULO, July 27,
2021 /PRNewswire/ -- 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, December 31, 2020, January
31, 2021 and May 31 2021 and
in accordance with document received today, the Central Bank of
Brazil approved on July 26, 2021 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 XPart S.A. ("XPart"), as approved
by Itaú Unibanco's Extraordinary General Stockholders' Meeting as
of January 31, de 2021.
With the approval of the proper authorities, XPart will have, on
this date, its incorporation documents duly filed with the
registration bodies.
The shares issued by Itaú Unibanco, as well as the American
Depositary Receipts (ADRs) will continue to be traded including the
right to receive securities issued by XPart until the cut-off date
(date of ex-right), or securities issued by XP (considering that XP
expressed its interest in merging XPart), should the said merger be
approved by the stockholders of XP and XPart at the General
Stockholders' Meetings of these companies at a date to be defined,
which are expected to be held in the middle of the second half of
2021.
As previously disclosed, should the said merger be approved by
the stockholders of XP and XPart, Itaú Unibanco's stockholders, who
until the cut-off date will be entitled to receive securities
issued by XPart, will receive: (a) as for the Company's controlling
stockholders, IUPAR – Itaú Unibanco Participações S.A. and Itaúsa,
and the holders of American Depositary Receipts (ADRs), Class A
shares issued by XP, and (b) as for the remaining stockholders,
Level I sponsored Brazilian Depositary Receipts (BDRs), replacing
the securities they would receive from XPart. Note that, in case
XPart is not merged or is not listed on a stock exchange within a
period of 120 days as from the date of approval from the Central
Bank of Brazil above mentioned,
stockholders will be entitled to withdraw from XPart, in accordance
with paragraphs 3 and 4 of Article 223 of Law No. 6,404/76.
RENATO LULIA
JACOB
Group Head of Investor Relations and Market
Intelligence
Itaú Unibanco – Corporate
Communications:
(11) 5019-8880 / 8881 –
imprensa@itau-unibanco.com.br
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SOURCE Itaú Unibanco Holding S.A.