Banco PAN is jointly controlled by Banco BTG Pactual S.A. (“BTG Pactual”) and Caixa Participações S.A. (“CAIXAPAR”), a fully owned subsidiary of Caixa Econômica Federal.
As disclosed in the material facts dated September 9th and September 19th, 2019, Banco PAN concluded the restricted primary offering of new preferred shares (“capital increase”) and the sale of preferred shares issued by Banco PAN and held by CAIXAPAR through a secondary offering. After the referred capital increase, the share capital is represented by 1,205,056 thousand of shares, distributed as follows:
|Ownership Structure (thousand shares)|
|Banco BTG Pactual S.A.||334,131||50.8%||142,149||26.0%||476,280||39.5%|
|Caixa Participações S.A.||323,430||49.2%||89,600||16.4%||413,030||34.3%|
Despite the difference in the number of shares held by the controlling shareholders, the Shareholders’ Agreement will not be amended, so that CAIXAPAR and BTG Pactual remain as co-controlling shareholders of the Company.
Click here to access the Shareholder Agreement.