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____
Proposals of the Board of Directors to be submitted to the Stockholders of Banco
Bradesco S.A., in a Special Stockholders' Meeting scheduled for 6/9/2003.
1. Increase the capital of Bradesco by R$70,000,000.00, raising it to
R$7,000,000,000.00, by means of the capitalization of part of the balance
of the "Revenue Reserve - Statutory Reserve from 1996 to 2000" account,
without the issuance of stocks, in accordance with Paragraph one of Article
169 of Law 6404/76;
2. Amend the main provision of Article 6 of the Articles of Incorporation, as
a result of the absorption of shares of the stockholders of Banco Bilbao
Vizcaya Argentaria Brasil S.A. and of the capitalization of reserve, which
will read as follows, after the ratification of the process by the
Brazilian Central Bank: "Art. 6) The Capital is seven billion Brazilian
reais (R$7,000,000,000.00), divided into one trillion, five hundred
eighty-five billion, eight hundred seventy-nine million, four hundred
twenty-three thousand, three hundred (1,585,879,423,300) nominative-book
entry shares with no nominal value, of which seven hundred ninety-eight
billion, nine hundred forty million, fifty-seven thousand, eight hundred
seventy-two (798,940,057,872) are ordinary and seven hundred eighty-six
billion, nine hundred thirty-nine million, three hundred sixty-five
thousand, four hundred twenty-eight (786,939,365,428) are preference
shares, the latter non-voting, but with priority in the redemption of
capital, in the event of dissolution of the company and with all the rights
and advantages conferred to ordinary stocks, as well as dividends ten
percent (10%) higher than those attributed to ordinary stocks".
Osasco, São Paulo, Brazil, May 22, 2003
Board of Directors
Lázaro de Mello Brandão - Chairman
Antônio Bornia - Vice-Chairman
Dorival Antônio Bianchi
Mário da Silveira Teixeira Júnior
Márcio Artur Laurelli Cypriano
João Aguiar Alvarez
Denise Aguiar Alvarez Valente
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We declare that this is a true copy of an excerpt of the Minutes of Special
Meeting # 927, of the Board of Directors of the Bank, held on May 22, 2003,
entered in a proper book.
Banco Bradesco S.A.
Milton Almicar Silva Vargas Domingos Figueiredo de Abreu
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BANCO BRADESCO S.A.
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| By: |
/S/
José Luiz Acar
Pedro
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José Luiz Acar
Pedro
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.