Banco Pan : Notice to the Market - Brazilian Central Bank approves Capital Increase
September 02, 2014 at 04:31 am IST
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NOTICE TO THE MARKET
São Paulo, September 01, 2014 - Banco Pan S.A. (BPAN4) ("Pan" or "Company"), in compliance with CVM Rule 358/02 and in addition to the information provided on August 14, 2014, informs its shareholders and the market that the Brazilian Central Bank approved on August 29, 2014, the Capital Increase in Common and Preferred Shares ratified on August 14, 2014 by the Company's Board of Directors. Therefore, the Company's capital stock is now composed as follows:
Capital Stock
Common Shares
535,029,747
Preferred Shares
394,010,416
Total Shares
929,040,163
Total (R$)
R$3,460,731,882.92
The subscription receipts for common and preferred shares will be converted into shares on September 05, 2014.
Banco Pan SA, formerly Banco Panamericano SA, is a Brazil-based commercial bank. Itâs offering includes a range of services such as personal and car loans, real estate credit, credit cards, Point Of Sale (POS) Machines, prepayment, financial education and several types of insurance. The Company operates through two main segments: Consumer Finance and Banking Services. The Consumer Finance segment provides customers with e.g., personal credit and vehicle financing. The Banking Services segment is responsible for the provision of insurance, digital accounts and credit cards. The Bank has numerous subsidiaries, including Brazilian Securities Companhia de Securitizacao and Brazilian Finance & Real Estate S.A.