Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
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Publicly Held Company
CNPJ no 60.746.948/0001-12 |
Notice to the Market
Bradesco requests authorization to create
common shares ADRs Program
Banco Bradesco S.A. (Bradesco), in line with its continuous concern over adopting mechanisms to increase liquidity and thereby value its own shares, announces to its shareholders, customers, employees and the market in general that it plans to create an ADRs (American Depositary Receipt) Program backed by its common shares.
For that, a request was filed with the Central Bank of Brazil, on March 25, for authorization to create the ADRs Program backed by its common shares, on the American market, including an increase in the limit of foreign interest, currently set at 14% (fourteen percent), to (45%) (forty-five percent) in its common stock.
It is important to point out that the increase in the limit of foreign interest in its capital stock, as a result of the ADR Program, will not change corporate structure or the control of Bradesco and is focused on potential demand for the program.
We point out that the listing of ADRs will only occur once all requirements have been complied with. Additional information will be disclosed to the market in due time, as the matter progresses.
Cidade de Deus, Osasco, SP, March 28, 2011
Executive Vice-President and
· Should you have any questions or require further information, please contact Mr. Paulo Faustino da Costa, phone 55 11 2178-6201, e-mail 4823.paulo@bradesco.com.br; Mrs. Ivani Benazzi de Andrade, phone 55 11 2178-6218, e-mail: 4823.ivani@bradesco.com.br or Mr. Carlos Tsuyoshi Yamashita, phone 55 11 2178-6204, e-mail: 4823.carlos@bradesco.com.br
BANCO BRADESCO S.A. | ||
By: |
/S/ Domingos Figueiredo de Abreu
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Domingos Figueiredo de Abreu Executive Vice President and Investor Relations Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.