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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
 
For the month of December, 2009

Commission File Number 1-15250
 

 

BANCO BRADESCO S.A.
(Exact name of registrant as specified in its charter)
 

BANK BRADESCO
(Translation of Registrant's name into English)
 

Cidade de Deus, s/n, Vila Yara
06029-900 - Osasco - SP
Federative Republic of Brazil
(Address of principal executive office)
 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

 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____

.



Cidade de Deus, Osasco, SP, December 2nd, 2009

Securities and Exchange Commission
Office of International Corporate Finance
Division of Corporate Finance
Washington, DC

Ref.: Acquisition of Shares issued by the Company for Disposal or Cancellation

     The Board of Directors of this Bank, at a meeting held today, pursuant to Paragraph 6 of Article 6 of the Company’s Bylaws, and in compliance with the requirements set forth in Paragraphs 1 and 2 of Article 30 of Law # 6,404/76 and with the CVM – Comissão de Valores Mobiliários (Brazilian Securities and Exchange Commission) Instructions # 10, 268 and 390 as of February 14th, 1980, November 13th, 1997 and July 8th, 2003, respectively, resolved:

I) to renew the program to acquire shares issued by the Company to be maintained in treasury and subsequent disposal or cancellation, without decreasing the Capital Stock;

II) to authorize the Board of Executive Officers to acquire up to 15,000,000 registered book-entry shares, with no par value, comprising of 7,500,000 common shares and 7,500,000 preferred shares, it is incumbent on the Board of Executive Officers to determine the opportunity and the number of shares to be effectively acquired, within the limits authorized and the duration of this resolution.

For the purposes of Article 8 of CVM Instruction # 10, as of February 14th, 1980, it is specified that:

a) the objective of the present authorization is the application of funds registered in the “Profits Reserves - Statutory Reserves”, available for Investments;

b) it shall be valid for the period of 6 (six) months, from December 3rd, 2009 to June 3rd, 2010;

c) pursuant to the provisions in Article 5 of CVM Instruction # 10, the Bank has 2,015,405,363 outstanding shares, comprising of 515,536,907 common shares and 1,499,868,456 preferred shares;

d) the acquisition process of these shares shall be undertaken at market price and be mediated by Bradesco S.A. Corretora de Títulos e Valores Mobiliários, with headquarters at Avenida Paulista, 1.450, 7o andar, Bela Vista, São Paulo, SP, and Ágora Corretora de Títulos e Valores Mobiliários S.A., with headquarters at Praia de Botafogo, 300, salas 601 and 301, parte, Botafogo, Rio de Janeiro, RJ;

III) that in the event of cancellation of such purchased shares, the Board of Directors shall be responsible for submitting such cancellation for the approval of the General Shareholders’ Meeting, without decreasing the Capital Stock;

IV) to register that:

a) in relation to the authorization granted to the Board of Executive Officers during this Body’s meeting # 1,453, as of June 1st, 2009, it was verified that until December 1st, 2009, 5,275,000 registered book-entry shares, with no par value, were acquired, of which 2,747,000 are common shares and 2,528,000 are preferred shares, which,

b) added to the 146,721 common shares, of which 21 were sold at an auction held by the Company on 6.24.2009, resulting from the reverse split process approved at the Special Shareholders’ Meeting as of 3.10.2009, and 34,600 preferred shares already existing,

c) the total amount of 5,456,300 registered book-entry shares, of which 2,893,700 are common shares and 2,562,600 are preferred shares, which will be maintained in treasury, whereas the decision on the resale or cancellation of these shares will be made on an appropriate occasion and disclosed to the market.

Cordially,

Banco Bradesco S.A.
Domingos Figueiredo de Abreu
Executive Vice President and
Investor Relations Officer


 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: December 02, 2009

 
BANCO BRADESCO S.A.
By:
 
/S/ Domingos Figueiredo de Abreu

    Domingos Figueiredo de Abreu
Executive Vice-President and
Investor Relations Officer



 

 
FORWARD-LOOKING STATEMENTS

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