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SÃO PAULO, Feb. 5, 2025 /PRNewswire/ -- ITAÚ UNIBANCO HOLDING S.A. ("Company") announces to its stockholders and the general market that its Board of Directors, meeting on February 5, 2025, has approved the following proposals:
1. Increase of the subscribed and paid-in capital within the limit of the authorized capital provided for in the Company's bylaws: in the amount of R$33,334,060,190.00 (thirty-three billion, three hundred and thirty-four million, sixty thousand, one hundred ninety Brazilian reais) from R$90,729,000,000.00 (ninety billion, seven hundred and twenty-nine million Brazilian reais) to R$124,063,060,190.00 (one hundred twenty-four billion, sixty-three million, sixty thousand, one hundred ninety Brazilian reais), with the capitalization of amounts recorded in the Company's Revenue Reserves – Statutory Reserves.
2. Ten percent (10%) Bonus Shares: capital will be increased with the issue of 980,413,535 new book-entry shares, with no par value, of which 495,829,036 common and 484,584,499 preferred shares, to be attributed free of charge to the Company's stockholders, as a bonus, in the proportion of 1 (one) new share of the same type for every 10 (ten) shares held, with treasury shares also included as bonus shares.
2.1. Base Date: holders of shares in the stockholding position at the end of March 17, 2025, will be entitled to the share bonus.
2.2. Trading: new shares will be released for trading "ex" bonus rights as of March 18, 2025, it being certain that these new shares will be included in the stockholders' position on March 20, 2025.
2.3. Right of Bonus Shares: the new shares will be fully entitled to the earnings to be declared as of March 20, 2025, under the same terms as the common and preferred shares of the Company, as applicable.
2.4. Dividends: monthly dividends will be kept at R$0.015 per share, so that the total amounts monthly paid by the Company to stockholders will be increased by 10% (ten percent) after the inclusion of the bonus shares in the stockholding position. The minimum annual dividend guaranteed to preferred shares will also be kept at R$0.022 per share.
2.5. Auction of Share Fractions: bonus shares will always be issued in whole numbers.
After the period from February 06, 2025, to March 17, 2025 elapses, any remaining fractions arising from the bonus shares will be separated, grouped in whole numbers and sold at auction at B3 S.A. – Brasil, Bolsa, Balcão, and the net proceeds from this sale will be made available to the holders of these fractions at a date to be informed by the Company in due time.