ITAÚ UNIBANCO HOLDING S.A.
CNPJ 60.872.504/0001-23 | A Publicly-Held Company | NIRE 35300010230 |
ANNOUNCEMENT ON TRANSACTION BETWEEN RELATED PARTIES
In compliance with the provision in Article 30, XXXIII, of CVM Instruction No. 480 of December 9, 2009, as amended ("CVM Instruction No. 480"), Itaú Unibanco Holding S.A. ("Company") announces to its stockholders and the market in general the following transaction between related parties:
Parties | Itaú Unibanco S.A. ("Itaú Unibanco") and TBNet Comércio, Locação | ||
e Administração Ltda. ("TBNet"). | |||
Relation with the Company | Itaú Unibanco is a wholly-owned subsidiary of the Company. TBNet, | ||
in turn, is controlled by Tecnologia Bancária S.A. ("TecBan"), a | |||
company with capital stock held by several financial institutions and | |||
in which Itaú Unibanco Holding S.A. holds an indirect interest of | |||
approximately 28%. | |||
Subject | matter and | main | Itaú Unibanco has developed the Projeto Novo Autoatendimento (New |
terms and conditions | Customer Self-Service Project) at the Branch Network, focused on | ||
renovating its ATM facilities to improve operational efficiency and | |||
enhance customer satisfaction. Efficiency is brought by reducing the | |||
operating time spent in handling cash deposit envelopes, opening the | |||
safe box and filling up the RATMs (Cash Recycling ATMs), and from | |||
migrating the deposit from the Branch ATM to the RATM. | |||
TBNet is TecBan's telecom operator, a company that provides | |||
integrated solutions to the retail banking and financial markets, | |||
including the service provision and rental of ATMs. | |||
In this context, the operation consists in a contract for the rental of 530 | |||
RATMs and 1,075 extra cassettes (place where cash is stored in | |||
ATMs) to Itaú Unibanco, on the grounds that this rental alternative | |||
provides better cash flows. | |||
For the engagement of this service, a bidding process was carried out | |||
with the involvement of four suppliers, with TBNet offering the most | |||
advantageous conditions in the equipment rental vs. purchase scenario, | |||
as compared with the other bidders. | |||
The proposal was priced based on the unit values of RATMs and extra | |||
cassettes. The total contract amount is R$59,353,443.60, therefore | |||
exceeding the R$50 million set forth in Attachment 30-XXXIII of | |||
CVM Instruction No. 480. | |||
This contract is effective for 15 years, with an onsite one-year warranty | |||
for the RATMs, predetermined legal conditions, and the reuse of the | |||
balance in the event of early termination; it provides no adjustment to | |||
the contract value throughout its duration. | |||
Date of the transaction | January 17, 2022 | ||
Detailed | justification | of the | The Company's management understands that the transaction has been |
reasons why the Company's | carried out under arm's length conditions, on the grounds that a |
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management | considers | that | bidding process has been carried out for its engagement, in accordance | |||||
the transaction was conducted | with the procedures of Itaú Unibanco's procurement department. | |||||||
under | commutative | |||||||
conditions | or | provides | for | The engagement process has followed the rules provided for in the | ||||
proper compensation | Company's Transactions with Related Parties Policy, including | |||||||
approval from the Related Parties Committee, which is entirely | ||||||||
composed of the Company's independent members. | ||||||||
Any | participation | of | the | Not applicable. | ||||
counterparty, | its partners or | |||||||
managers in the Company's | ||||||||
decision- | making | process | ||||||
with respect to the transaction | ||||||||
or | negotiation | of | the | |||||
transaction as representatives | ||||||||
of the Company, describing | ||||||||
this participation | ||||||||
São Paulo (SP), January 24, 2022. | ||||||||
RENATO LULIA JACOB | ||||||||
Head of Investor Relations and Market Intelligence | ||||||||
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Itaú Unibanco Holding SA published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 21:23:59 UTC.