Banco Bradesco S.A. (BOVESPA:BBDC4) announces a share repurchase program. Under the program, the company will repurchase up to 53,413,506 common shares, representing 3.53% of its issued share capital. The share repurchased will be held in treasury and subsequently sale or cancellation, without reducing the capital stock.
The share repurchases will be funded from profit reserves - statutory account which are available for investments. The program is valid till November 8, 2026. As of May 7, 2025, the company has 1,497,570,789 outstanding common shares and 7,500,000 common shares are in treasury.
