Banco Bilbao Vizcaya Argentaria SA Ending trading period Divend Option October 2016 (9984M)
October 20 2016 - 1:00AM
UK Regulatory
TIDMBVA
RNS Number : 9984M
Banco Bilbao Vizcaya Argentaria SA
19 October 2016
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with
the Securities Market legislation, hereby communicates the
following:
RELEVANT INFORMATION
Further to the relevant information dated 15(th) and 28(th)
October, 2016, BBVA hereby communicates that the trading period of
the rights of free allocation of the capital increase to be charged
to voluntary reserves resolved by the Annual General Shareholders'
Meeting of BBVA held on 11(th) March, 2016, under section 3.2 of
agenda item three, and executed by BBVA's Board of Directors, at
its meeting held on 28(th) September, 2016, for the implementation
of the shareholders remuneration system called "Dividend Option",
ended on 17(th) October, 2016.
During the period set for that purpose, and after the settlement
of the relevant trading orders, holders of 12.15% of the rights of
free allocation have exercised BBVA's undertaking to acquire such
rights of free allocation. Consequently, BBVA has acquired
787,374,942 rights for a total consideration of 62,989,995.36 Euro.
BBVA has waived the rights of free allocation so acquired.
Holders of the remaining 87.85% of the rights of free allocation
have opted to receive new BBVA ordinary shares. Thus, the
definitive number of BBVA ordinary shares of 0.49 Euro of par value
to be issued in the capital increase to be charged to voluntary
reserves is 86,257,317 and the aggregate nominal value of the
capital increase is 42,266,085.33 Euro.
It is expected that the new shares will be admitted to trading
on the Spanish Stock Exchanges, through the Spanish SIBE (Sistema
de Interconexión Bursátil Español) electronic trading platform
(Mercado Continuo), on 25(th) October, 2016, so that ordinary
trading of such shares on the Spanish Stock Exchanges will commence
on 26(th) October, 2016, all subject to the granting of the
relevant authorizations. Admission to listing of the new shares
(including American Depositary Shares underlying new shares) in the
rest of stock exchanges where BBVA's shares are traded will also be
requested.
Madrid, 19(th) October, 2016
This information is provided by RNS
The company news service from the London Stock Exchange
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