Banco Bilbao Vizcaya Argentaria SA Ending trading period Dividend Option April 2017 (0541D)
April 24 2017 - 2:00AM
UK Regulatory
TIDMBVA
RNS Number : 0541D
Banco Bilbao Vizcaya Argentaria SA
21 April 2017
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with
the Securities Market legislation and further to the relevant
information dated 17(th) and 29(th) March 2017, hereby communicates
the following:
RELEVANT INFORMATION
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 BBVA's Annual General Shareholders'
Meeting held on 17(th) March 2017, under agenda item three, and put
into effect by BBVA's Board of Directors at its meeting held on
29(th) March 2017, for the implementation of the shareholder
remuneration system called "Dividend Option", ended on 19(th) April
2017.
During the period determined for such purpose, and upon
settlement of the relevant trading orders, holders of 16.72% of the
rights of free allocation have exercised BBVA's commitment to
purchase such rights of free allocation. Consequently, BBVA has
acquired 1,097,962,903 rights for a total consideration of
EUR143,833,140.29. BBVA has waived the rights of free allocation so
acquired.
Holders of the remaining 83.28% of the rights of free allocation
have opted to receive new BBVA ordinary shares. Consequently, the
definitive number of BBVA ordinary shares of EUR0.49 of nominal
value to be issued in the capital increase to be charged to
voluntary reserves is 101,271,338, and the nominal value of the
capital increase is EUR49,622,955.62.
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) April 2017, so that the ordinary
trading of such shares on the Spanish Stock Exchanges will
foreseeably commence on 26(th) April 2017, subject to the
applicable procedures and to obtaining the relevant authorisations.
Admission to trading of the new shares in the foreign securities
exchanges where BBVA shares are listed will also be requested.
Madrid, 21(st) April 2017
This information is provided by RNS
The company news service from the London Stock Exchange
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