Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 4

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 10
Chunk 4
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20-F 2024 | Bradesco  

  Table of Contents  

In March 2017, we adopted
a remote voting system at our Shareholder’s Meetings, in accordance with Article 26 et seq. of CVM Resolution No. 81/22.

10. B.10.04 Voting rights

Each common share entitles
its holder to the right of one vote at our shareholders’ meetings. The decisions of a shareholders’ meeting are passed by
a vote by holders of a simple majority of our common shares, while abstentions are not taken into account.

In March 2002, the Brazilian
Corporate Law was amended to, among other issues, grant more protection to minority shareholders and grant them the right to appoint one
member to the Board of Directors. To qualify for the exercise of such right, the minority shareholder must have held, for at least the
prior three months either: (i) preferred shares representing the minimum of 10.0% of our share capital; or (ii) common shares representing
at least 15.0% of our voting shares. If no shareholders meet the thresholds, shareholders representing at least 10.0% of our share capital
may be able to combine their common and preferred share classes to elect one member to our Board of Directors.

The Brazilian Corporate
Law provides that non-voting preferred shares acquire voting rights when a company has failed, for the term provided for in its bylaws
(for a period not exceeding three consecutive fiscal years), to pay any fixed or minimum dividend to which such shares are entitled. Such
voting rights remain effective until payment of the cumulative dividends is made.

10. B.10.05 Transfer of control

Our Bylaws do not contain
any provision that would have the effect of delaying, deferring or preventing a change in our control or that would operate only with
respect to a merger, acquisition or corporate restructuring involving ourselves or any of our subsidiaries. However, Brazilian banking
regulations require that any transfer of control of a financial institution be previously approved by the Central Bank of Brazil.

Additionally, Brazilian
law stipulates that the acquisition of control of a publicly held company is contingent on tender offers for all outstanding common shares
at a price equivalent to at least 80.0% of the price per share paid for the controlling group. In December 2003, we amended our Bylaws
to ensure that in the event of a change in our control, the acquirer will be required to pay our shareholders an