BUENOS
AIRES, Argentina, May 8, 2024
/PRNewswire/ -- Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR;
LATIBEX: XBBAR) announced yesterday the approval of dividend
payment schedule and first installment payment.
The Shareholders of Banco BBVA Argentina S.A. are hereby
notified that, as resolved by the General Ordinary and
Extraordinary Shareholders ̓ Meeting held on April 26, 2024, the authorization of the
Argentine Central Bank Financial and Exchange Entities Authority
("BCRA") obtained on May 3, 2024 and
the Board of Directors meeting held on May
6, 2024, approved the payment of a dividend in the amount of
AR$ 264,227,684,640 expressed in homogeneous currency as of
December 31, 2023. That amount in
homogeneous currency as of today is AR $400,627,017,508. Dividends would be paid as
follows.
Non-resident shareholders
Non-resident shareholders
may choose to receive their dividends in a single installment for
the purposes of being applied to the subscription of Bonds for the
Reconstruction of a Free Argentina (the "BOPREAL" or "Payment in
BOPREAL").
The BCRA has invited to tender for BOPREAL - Series 3, the terms
and conditions of which are detailed in Communication "B"12795,
which is available at www.bcra.gob.ar. The BOPREAL will be subject
to the restrictions on transfer or sale with settlement in foreign
currency established in Communication "A" 7997 of the BCRA.
Those non-resident shareholders who intend to subscribe BOPREAL in
the aforementioned tender must send an email until 4:00 p.m. on Wednesday, May 8 to
corporateactions-arg@bbva.com in order to verify its compliance
with current regulations and present the corresponding
documentation. In case of oversubscription it will be awarded by
proration.
If they do not opt to subscribe to BOPREAL, payment to non-resident
shareholders will be made in pesos unless they express their
intention to receive payment by delivering a National Treasury Bond
in pesos adjusted by CER 4.25% due 13
December 2024, Ticker T5X4 (CV code 9200; ISIN ARARGE320DV0)
(the "Bonds" or "Payment in Kind") in installments, according to
the schedule detailed below.
Resident shareholders
Payment to resident shareholders
will be made in pesos (the "Payment in Pesos"), unless they express
their intention to receive Payment in Kind. Resident shareholders
are not authorized to subscribe to BOPREAL (Communication "A"
7997).
Payment schedule
Payment in BOPREAL will be made on
the settlement date of the tender carried out by the BCRA.
The Payment in Bonds and the Payment in Pesos will be made in 3
installments, on May 14, June 11 and July
11, according to the payment notice published with each
installment.
American Depositary Shares (ADS)
Holders of American
Depositary Shares (ADS) will receive payment through the depositary
bank, Bank of New York Mellon, from the date determined by
application of the rules governing the jurisdiction where the
Bank's ADSs are listed. In that sense, the cut-off and/or payment
dates may differ from those reported here.
Tax withholdings
The dividends that are proposed to be
declared are subject to the 7% withholding established in article
97 of the Income Tax Law, text ordered in 2019.
From the distribution of dividends, where applicable, the amounts
duly paid by the Bank, in its capacity as Substitute Responsible
for the Personal Property Tax corresponding to the periods 2022 and
2023 of those Shareholders who have been reached by the referred
tax, all in accordance with the terms of the last paragraph of the
article incorporated by Law No. 26,452 following article 25 of Law
No. 23,966.
The withholdings of the Tax for an Inclusive and Solidarity
Argentina (COUNTRY) provided by Decree 385/2024 will apply to the
Payment in BOPREAL.
Dividends Payment. Installment 1 of 3
The Shareholders of Banco BBVA Argentina S.A. are hereby
notified that, as resolved by the General Ordinary and
Extraordinary Shareholders ̓ Meeting held on April 26, 2024, the authorization of the
Argentine Central Bank Financial and Exchange Entities Authority
obtained on May 3, 2024 and the Board
of Directors meeting held on May 6,
2024, approved the payment of a dividend in the amount of
AR$ 264,227.684,640 expressed in homogeneous currency as of
December 31, 2023. That amount in
homogeneous currency as of today is AR$ 400,627,017,508.
In this sense, Installment 1 will be made available and paid for
the sum of $133,542,339,169 (that is,
$ 217.9535538036 per share that
represents 21,795.35538036% of the share capital of AR$
612,710,079) to its existing shareholders in the Bank's share
registry as of May 9, 2024 ("Cut-Off
Date") as of May 14, 2024 ("Payment
Date"), of a dividend through the delivery of:
Non-resident shareholders
Non-resident shareholders
who have chosen to receive their dividends in a single installment
for the purposes of being applied to the subscription of Bonds for
the Reconstruction of a Free Argentina (the "BOPREAL" or "Payment
in BOPREAL") will receive payment from of the date on which the
tender is settled by the BCRA.
Non-resident shareholders will receive payment in pesos, unless
they express their intention to receive payment of their dividends
with National Treasury Bonds in pesos adjusted by CER 4.25% due
December 13, 2024, Ticker T5X4 (CV
code 9200; ISIN ARARGE320DV0), (the "Bonds" or "Payment in Kind").
For these purposes, you must send an email to
corporateactions-arg@bbva.com until May
9 at 3:00 p.m.
One day before the payment date, a complementary payment notice
will be published informing the market price of the Bonds to be
delivered.
Resident shareholders
Payment to resident shareholders
will be made in pesos (the "Payment in Pesos"), unless they express
their intention to receive Payment in Kind, sending an email to
corporateactions-arg@bbva.com until May
9 at 3:00 p.m.
General terms and conditions of dividend
payment
Payment date: May
14
Cut-off date: May 9
Those shareholders who own their shares within the scope of the
Shareholder Registry that Caja de Valores
S.A. carried out for the account and order of Banco BBVA
Argentina S.A. must contact the Bank at the email address:
corporateactions-arg@bbva.com to obtain information on the
procedure applicable for the purposes of the provision of Payment
in Kind.
Payment in Pesos will be made available from the indicated date,
through Caja de Valores S.A located
at 25 de Mayo 362, Autonomous City of Buenos Aires, on business
days from 10:00 a.m. to 3:00 p.m. ,
where they must comply with the required procedures and the
settlements will be carried out in accordance with the regulatory
deadlines.
Payment in Kind will be made available through Banco BBVA Argentina
S.A. from 10:00 a.m. to 3:00 p.m., at
Av. Córdoba 111, Autonomous City of Buenos Aires.
It is expressly established that the share holdings of the
Shareholders registered on the Cut-Off Date of each installment
will be the only ones taken into account for the purposes of paying
the declared dividend. Notifications made by those who do not turn
out to be holders of shares of Banco BBVA Argentina S.A. on the
Cut-Off Date will be considered not presented and will be void.
American Depositary Shares (ADS)
Holders of American
Depositary Shares (ADS) will receive payment through the depositary
bank, Bank of New York Mellon, from the date determined by
application of the rules governing the jurisdiction where the
Bank's ADSs are listed. In that sense, the cut-off and/or payment
dates may differ from those reported here.
Tax withholdings
The dividends that are proposed to be
declared are subject to the 7% withholding established in article
97 of the Income Tax Law, text ordered in 2019.
From the distribution of dividends, where applicable, the amounts
duly paid by the Bank, in its capacity as Substitute Responsible
for the Personal Property Tax corresponding to the periods 2022 and
2023 of those Shareholders who have been reached by the referred
tax, all in accordance with the terms of the last paragraph of the
article incorporated by Law No. 26,452 following article 25 of Law
No. 23,966.
The withholdings of the Tax for an Inclusive and Solidarity
Argentina (COUNTRY) provided by Decree 385/2024 will apply to the
Payment in BOPREAL.
Contact:
BBVA Argentina Investor Relations
investorelations-arg@bbva.com
ir.bbva.com.ar
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SOURCE Banco BBVA Argentina S.A.