SÃO PAULO, Oct. 2, 2021
/PRNewswire/ -- Itaú Unibanco Holding S.A. ("Itaú Unibanco" or
"Company") informs its stockholders and the general market that, in
line with the Material Facts disclosed on November 3 and 26, December 31, 2020, January
31 and May 31, 2021, and the
Announcements to the Market disclosed on July 27 and August 20,
2021, the merger of XPart S.A. ("XPart") into XP Inc. ("XP")
was approved yesterday at the General Stockholders' Meetings of
these companies.
In light of the approval of the merger and the resulting
dissolution of XPart, which is now merged into XP, in replacement
for the shares issued by Itaú Unibanco and Itaú Unibanco American
Depositary Receipts (ADRs), which were being traded with the right
to receive securities issued by XPart, will receive (a) the
controlling stockholders of the Company - IUPAR – Itaú Unibanco
Participações S.A. and Itaúsa S.A., and the holders of Itaú
Unibanco American Depositary Receipts (ADRs), will receive Class A
shares issued by XP, and (b) the remaining XPart's stockholders
will receive Level I sponsored Brazilian Depositary Receipts (BDRs)
backed by Class A shares issued by XP.
Since the shares issued by Itaú Unibanco will be traded as from
October 4, 2021 ex-right to receive
securities issued by XPart, which represent the business line
associated with the investment in XP, as from that date, common and
preferred shares issued by the Company will have their value traded
on the stock exchange adjusted by -18.69% and -17.54%,
respectively, as informed by B3. The opening price on
October 4, 2021 of the common share
(ITUB3) will be R$ 22.6454999 and of
the preferred share (ITUB4), R$
24.4654999.
Finally, further details on the exercise of the right of dissent
and appraisal in connection with the shares issued by XPart (this
right is not extended to the holders of Itaú Unibanco ADRs),
arising from its merger into XP, as well as other operational
details regarding the effects of the merger, are available in the
General Stockholders' Meeting Manual disclosed on August 20, 2021, and in the "FAQ" Section, both
of which available on XPart's website (www.xpartsa.com.br).
RENATO LULIA
JACOB
Group Head of Investor Relations and Market
Intelligence
Itaú Unibanco – Comunicação Corporativa
(11) 5019-8880
/ 8881 – imprensa@itau-unibanco.com.br
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SOURCE Itaú Unibanco Holding S.A.