Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 311

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 9
Chunk 311
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 (iii) comply with minimum standards for quarterly disclosure; (iv) follow stricter disclosure policies for transactions
done by its controlling shareholders, members of its Board of Directors and executives that involve securities issued by the issuer;
(v) submit any existing shareholders’ agreement and stock option plans to B3; and (vi) prepare a schedule of corporate events and
make it available to the shareholders.

  197 – Form 20-F 2024 | Bradesco  

  Table of Contents  

To become a “ Level
2” company, the issuer must agree to the following requirements, in addition to those imposed by applicable law: (i) comply with
all “ Level 1” listing requirements; (ii) grant tag-along rights to all shareholders in case the company’s control is
transferred, offering to common shareholders the same price paid per share for the controlling group of common and preferred shares; (iii)
give holders of preferred shares voting rights for decisions on certain corporate restructurings and related-party transactions, such
as: (a) conversions, acquisitions, mergers or splits; (b) approval of any transactions between the company and its controlling shareholder,
if such decisions are within the competence of the shareholders’ meeting; (c) valuation of assets to be used for payment of a share
capital increase; (d) selecting an institution or specialized company to determine the economic value of the company; and (e) any alterations
to these voting rights that will prevail as long as the agreement to adhere to the B3’s “ Level 2” segment is in force;
(iv) the Board of Directors must be made up of at least five members, of whom a minimum of 20.0% shall be independent members with a term
of office limited to two years, and re-election is permitted; (v) prepare financial statements in English, including the statement of
cash flows, according to international accounting standards such as U. S. GAAP or IFRS Accounting
Standards; (vi) effect a tender offer by the company’s controlling shareholder (the minimum price of the shares to be offered
shall be determined by an assessment process), if the controlling shareholder decides on the delisting from the “ Level 2”
segment; and (vii) exclusively adopt the B3 “ Arbitration Board” rules for resolving any conflicts between the company and
its investors.

To join B3’s “ Novo
Mercado” segment, an issuer must meet the “ Novo Mercado