There are two types of shares in the Brazilian market: Common and Preferred.
Common shares are those that confer shareholders the right to participate in a company’s earnings and the right to vote at shareholder’s meetings.
Preferred shares are characterized for having priority upon the distribution of dividends and, in the event the company is dissolved, they have priority in receiving the distribution of its capital. Preferred shares do not confer the right of vote in shareholder’s meetings, except in special situations. In general, a larger percentage is set aside for preferred shares than for common shares for the purpose of the distribution of dividends. Braskem preferred shares are divided into two different classes: Class A (PNA) and Class B (PNB).
Regarding form, shares are nominative or book entry
Braskem chose the book entry form for its shares since the system offers greater safety and convenience for shareholders.
The most important trading market for Braskem’s common shares (BRKM3), class A preferred shares (BRKM5) and class B preferred shares (BRKM6) is the São Paulo Stock Exchange, BM&Bovespa. Its common shares and class A preferred shares began traded on the São Paulo Stock Exchange on November 11, 1980. Our class B preferred shares began traded on the São Paulo Stock Exchange on August 19, 1983.
On December 21, 1998, ADSs representing our class preferred shares (BAK) began being traded on The New York Stock Exchange.
On October 8, 2003, Braskem listed its class A preferred shares (XBRK) on the LATIBEX, a stock market for Latin American issuers that is quoted in euros on the Madrid Stock Exchange. Our class A preferred shares are traded on the LATIBEX in unitary lots.
According to the third paragraph of Braskem’s Bylaws, class B preferred shares can be converted into class A preferred shares at any time at a ratio of two class B preferred shares for each class A preferred share.
To make this transaction, the shareholder must contact the depositary bank, Banco Itau on the following phone number: +55 (11) 3003-9285 capital and metropolitan areas or 0800 7209285 other localities.
In 2000, B3 introduced three special segments for listing, known as Level 1 and 2 of Differentiated Corporate Governance Practices and Novo Mercado. The objective was to create a secondary market for securities issued by Brazilian public companies that follow best corporate governance practices.
These new listing segments have been designed for the trading of shares issued by companies that voluntarily undertake to abide by corporate governance practices and disclosure requirements in addition to those already required under the Brazilian Corporation Law. The inclusion of a company in any of the new segments requires adherence to a series of corporate governance rules. These rules are designed to increase shareholders´ rights and enhance the quality of information provided by Brazilian corporations. Braskem joined BM&FBovespa´s Corporate Governance Level 1 on February 13, 2003.
Shareholder service is provided by Banco Itaú at the numbers below:
☎ +55 11 3003.9285 (WhatsApp) – Available 24/7
☎ +55 11 3003.9285 (Brazilian Capitals and Metropolitan Regions)
☎ 0800.720.9285 (Other locations)
Service on weekdays from 9am to 6pm.
Through the channels listed above, you can obtain information about:
- Information about shareholdings;
- The transfer of shares (between individuals, due to death, by judicial order, for consolidation/breakup of deposit accounts);
- The receipt of shareholder activation documents;
- Share subscription;
- The payment of dividends and interest on own capital;
- Registration changes (change in name of shareholder, of address, of bank account, of the setting up or the closing of a bank account for the crediting of dividends);
- Change of CPF/CNPJ, change of number or type of identity document;
- Annotation of the blocking of shares;
- Annotation of links and release of links and other relevant services;
- Bonuses, share consolidation and splits, mergers and spinoffs.
Via email through the Pre-service channel: PreAtendimentoEscritural@itau-unibanco.com.br to obtain information about:
- Cadastral Update Natural Person and Legal Entity;
- Stock Position Research;
- Shareholder Evolution and Payment Statement – Individuals;
- Individual and Legal Entity Income Reports.
For shareholders who are Itaú account holders, the option of checking their shareholding position through Bankline is available using the route below:
Menu > Investments > Investment Statement > Product > Shares held by Itaú > Movement Statement > Fill in the requested fields with period and Itaú custody.
The shareholding position may only be disclosed to the shareholder himself or a person who has been formally authorized for this purpose. The position is available on the Banco Itaú Correspondence Portal. For more information, contact Banco Itaú’s Customer Service channels.
For Itaú account holders, registration updates are available via the Íon app, using the route below:
Access the ION app > Click on the top right corner of the screen (profile) > Click on my account > Update your book registration
For shareholders who do not have an Itaú account, the shareholder must contact the Customer Service Channels of the Itaú depository bank to obtain guidance and, subsequently, deliver the documentation to Banco Itaú branches.
Earnings may be paid in two ways: dividends or interest on own capital. The distribution of dividends is conducted on an annual basis, as long as the company has posted profits during the period in question and the balance of the loss account is positive / accumulated profit.
Interest on own capital may be distributed less frequently than annually.
The crediting of dividends or interest on equity will be made based on the bank details registered at the Itaú depository bank (when the shares are in book-entry form) or at the Brokerage company where they operated (when the shares are in a brokerage house).
Earnings will be available to shareholders for a period of 3 (three) years as of the initial date of payment. At the end of this term, the dividends are extinguished, and the amounts revert to the company.
Income Reports are available exclusively on the Digital Correspondence Portal (https://correspondenciasdigitais.itau.com.br/login), of the depositary bank Itaú, and the document is now available.
The custodian bank makes the Income Reports available to Braskem shareholders based on the information provided by its broker. Therefore, it is important that the shareholder registration is updated at the brokerage through which it operates.
It is important to remember that, in 2024, the deadline for submitting the declaration ends on 05.31.2024.
- Check out how to make your first access:
1. Access the Portal and click on “First Access”;
2. Enter the requested data: CPF and date of birth (Individual) or CNPJ and date of foundation (Legal Entity);
3. Choose the option to verify your identity (phone number or email). If you cannot find your telephone number and email, call the Investor Service Center on 3003 9285 Capitals and metropolitan regions) / 0800 720 9285 (Other locations) on weekdays, from 9am to 6pm;
4. Enter the code received by email or telephone and create a personal password;
5. That’s it, now just enter your CPF/CNPJ and the new registered password to access your documents. Income Reports will be available in “my reports” – “2024” folder.
- If you have forgotten the password used in the previous year, follow the procedure below:
1. On the platform, click on “forgot password”;
2. Enter your CPF (Individual) or CNPJ (Legal Entity) number;
3. Enter the security image text and click “next”;
4. Select the phone number or email already registered to send the security code (token) and click “send security code”;
5. Enter the security code (token) received and click “next”;
6. Create a password, which must have at least 8 (eight) characters containing numbers and letters, and click “next”;
7. When finished, you will be redirected to the initial access screen. Income Reports will be available in “my reports” – “2024” folder.
If you have any questions, contact Itaú Unibanco Custody by telephone:
☎ +55 11 3003.9285 (WhatsApp) – available 24/7
☎ +55 11 3003-9285 (Brazilian Capitals and Metropolitan Regions)
☎ +55 0800 720 9285 (Other locations)
☎ 0800 720 5299 (Exclusive telephone number for Income Report queries – available during the period from 03/01 to 05/31)
Service on weekdays from 9am to 6pm.
Note:
- Shareholders with a position in a Broker must obtain the balance in shares with the Broker they operate.
- Shareholders with a position in Bookkeeping, the balance in shares will be included in the Income Report issued by the bookkeeping bank.
2023 Payments:
During 2023, Braskem had no income distribution and for shareholders with a position in a Broker, the balance in shares must be obtained from the Broker itself.
Investors will be able to check their shareholding position through the Correspondence Portal.
To carry out the consultation, simply access the portal with username and password, clicking on “Other Communications / My Documents”.
- How do I make my first access?
1. Access the Portal and click on “First Access”;
2. Enter the requested data: CPF and date of birth (Individual) or CNPJ and date of foundation (Legal Entity);
3. Choose the option to verify your identity (phone number or email). If you cannot find your telephone number and email, call the Investor Service Center on 3003 9285 Capitals and metropolitan regions) / 0800 720 9285 (Other locations) on weekdays, from 9am to 6pm;
4. Enter the code received by email or telephone and create a personal password;
5. That’s it, now just enter your CPF/CNPJ and the new registered password to access your documents.
- If you have forgotten the password used in the previous year, follow the procedure below:
1. On the platform, click on “forgot password”;
2. Enter your CPF (Individual) or CNPJ (Legal Entity) number;
3. Enter the security image text and click “next”;
4. Select the phone number or email already registered to send the security code (token) and click “send security code”;
5. Enter the security code (token) received and click “next”;
6. Create a password, which must have at least 8 (eight) characters containing numbers and letters, and click “next”;
7. When finished, you will be redirected to the initial access screen.
The shareholder will be able to check the status of the requested processes via WhatsApp with human assistance, that is, the shareholder will be redirected to a specialist.
Service will be provided via the number below:
☎ +55 11 3003.9285 (WhatsApp) – available 24/7
- To access this menu on WhatsApp, simply follow the route below:
1. Click on Investor >> Options Process status;
2. Select the type of process;
3. Inform the protocol or information requested.
An ex-dividend share is that which is acquired after the holding of the shareholders’ meeting that decided about the distribution of dividends. The dividends are credited in favor of the prior shareholder; that is, the one who held the rights to the share upon the date of the meeting, with the rights belonging to those who were shareholders before the meeting.
First of all, we suggest that you study the subject on B3 website, which offers basic courses about the Stock Market. The next step is to look for a Securities Broker, those firms carry out buy and sell orders at B3 and is able to provide professionals focused on market, sector and company analysis, that can assist in your investments decisions. A second way you can follow is trading shares directly via Home Broker. For this, it is mandatory that you are a customer of a B3 broker, that allows the trading of shares via the Internet.
The custodian registers the shares in the name of those who bought them, guaranteeing their ownership. Braskem’s shares are held in custody at Banco Itaú. It’s related to custody of bonds, securities, and financial assets, such as stocks, for example.
Generally, shares are traded according to a standard lot, in quantities fixed by the stock exchange. In the case of Braskem, the standard lot is 100 shares. There is, however, the possibility of trading fewer shares than the standard lot, in the so-called fractional market.
Braskem’s minority shareholders rights can be found in the “Article 9” of Company’s Bylaws. For more information, click here .
Shareholders will be entitled to receive a mandatory dividend of twenty-five percent (25%) of the net income for the fiscal year, determined at the end of each fiscal year according to the terms of the law pursuant to the rights granted by the law and the bylaws to the preferred shares.
According to the Company’s Dividends Policy, complementary distributions take into account the impact of such distribution on the Net Debt/EBITDA ratio of the Company: this indicator, after any distribution, must not be greater than 2.5 times in the current year and in the two (2) subsequent years, based on the long-term projections of the Company.
American Depositary Receipt (ADR) is a certificate, issued by US banks, representing shares of a company outside the United States. Many Brazilian companies have their shares traded on the New York Stock Exchange (NYSE) through this instrument. The company gains visibility in the international market and may find it easier to raise funds abroad, through loans or even issuing new shares.
Braskem’s ADRs are traded on the New York Stock Exchange with the BAK code.
ADR-ratio is the number of shares represented by a single ADR. In Braskem’s case, this ratio is 1:2 (one ADR is represented by two preferred shares).
The depositary of Braskem’s ADR program on the NYSE is Bank of New York Mellon (BONY). As depositary, BONY is the one who issues the ADR, keeps the owners’ register, books the trades and distributes the dividends in US dollars to the ADR holders, when there dividends distribution.
Braskem’s ownership structure is available in the following link.
All relevant facts, earnings releases, annual and quarterly financial statements, presentations, and other communications to the Braskem market are simultaneously disclosed on CVM/B3, SEC and on the Company’s investor relations website (https: //www.braskem. com.br/RI). In addition, all events are also sent by e-mail to everyone registered in IR’s website.
Other information about the Company can also be obtained on the websites of the São Paulo Stock Exchange (www.b3.com.br) and the Brazilian Securities and Exchange Commission (www.cvm.gov.br).
The contact for Braskem’s Investor Relations team can be found at this link.
Emails sent to the IR area will be answered within 48 hours (on working days).
The investor relations area is dedicated exclusively to serving shareholders and investors in general. For any questions not related to shareholders and investors in general, we advise you to contact Braskem through our institutional website, as indicated below.
- www.braskem.com.br
- At the top of the site, click on “Contact” and in the “Area” field, select the field that best suits you.
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is a non-accounting measure, being a financial indicator used to evaluate the results of a company without the influence of its capital structure, tax effects, interest rate fluctuations and other impacts without a direct impact on our cash flow.
We use EBITDA as a managerial (non-accounting) indicator, as we believe it is a practical measure to measure our operating performance, facilitating the comparability of our current structure over the years.