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____
Cidade de Deus, Osasco, SP, January 10, 2003 To Security and Exchange Commission Office of International Corporate Finance Division of Corporate Finance Washington, DC Dear Sirs, We hereby communicate that all the proposals examined in the Special General Meeting held on this date were approved, as follows: - the Proposals of the Board of Directors to: 1) amend partially the Corporate Bylaws, in letter "e" of Article 9, extending the duties of the Board of Directors, which will henceforth also authorize acquisitions, sales and encumbrances of the Permanent Asset items, and of the ownership interests of a non-permanent nature of its direct and indirect subsidiaries, when amounting to more than 1% of their respective Stockholders' Equities, and in the main provision of Article 13, improving the language thereof; 2) cancel 9,797,900,000 nominative book-entry common stocks, with no par value, held in treasury, representative of its own Capital, without the reduction thereof, with the consequent amendment of the main provision of Article 6 of the Corporate Bylaws; 3) increase the Company Capital, by the amount of R$501,000,000.00, raising it from R$5,200,000,000.00 to R$5,701,000,000.00, through the issuance of 66,800,000,000 new nominative book-entry stock, with no par value, of which 33,652,745,021 are common stocks and 33,147,254,979 preferred stocks, at the amount of R$7.50 per lot of a thousand stocks, to be paid up at sight, as follows: the stockholders - will be able to perform their preemptive rights within the period from January 20 to February 19, 2003, at the rate of 4.678263291% of the stockholder position held at the date of the Meeting (January 10, 2003) in shares of the same class; - with stocks under custody in the Stock Exchange they shall perform their rights in the respective depositing Brokers up to February 17, 2003; - who do not wish to exercise their preemptive rights to the subscription, may trade them in the Stock Exchange, at the market value, up to February 12, 2003; the Subscription Lists will be available to the stockholders in Bradesco Branch Network, from January 20 to February 19, 2003; notwithstanding the delivery date of the Subscription List, the payment of the subscribed amount will occur on March 7, 2003, the same date of the payment of the Complementary Interests on the Own Capital distributed on December 30, 2002, and the stockholder shall make a choice of one of the methods provided for in the Subscription List; any surpluses of stocks will be sold by means of an auction to be held in the São Paulo Stock Exchange, under the conditions established in the proposal of the Board of Directors and the related legislation. Dividends: The stocks subscribed in the respective capital increase will have the right to dividends and/or monthly and possibly complementary interests on own capital, as from the month in which the respective process is approved by the Central Bank of Brazil. They will also be fully entitled to any advantages granted to the other stocks, as from the month in which said approval takes place. These decisions will become effective after the necessary approval of the respective processes by the Central Bank of Brazil. Regards, Banco Bradesco S.A. Carlos Alberto Rodrigues Guilherme Executive Managing Director
BANCO BRADESCO S.A.
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By: |
/S/
Luiz Carlos Trabuco Cappi
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Luiz Carlos Trabuco Cappi
Executive Vice-President and Investor Relations Director
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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.