If my BESC shares do not reach a whole number of BB shares, how will fractions be treated?

The shareholders of BESC and BESCRI will receive from Banco do Brasil, in local currency, the amount corresponding to any fractions of shares issued by Banco do Brasil that can not be fully attributed, as a result of the substitution relations, after disposal of said fractions in a stock exchange, dividing the proceeds of the sale, proportionally by the holders of the fractions, in accordance with § 3 of art. 169 of Law 6,404 / 76.

Updated 12/27/2018 at 03:51 pm