REG - Banco Bil.Viz.Argent - New shareholder's distribution policy

Banco Bilbao Vizcaya Argentaria SAAnnouncement

18/11/2021 12:30

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RNS Number : 8540S  Banco Bilbao Vizcaya Argentaria SA  18 November 2021

Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), in compliance with the Spanish
Securities Market legislation, hereby proceeds to notify the following:

 

INSIDE INFORMATION

 

 

The Board of Directors of BBVA has agreed to modify the Group's shareholder
distribution policy currently in force, which was communicated as relevant
information on 1 February 2017, with registration number 247679, establishing
a new policy consisting in an annual distribution of between 40% and 50% of
the consolidated ordinary profit(( 1 )) of each year, compared to the
previous policy of distributing between 35% and 40%.

 

This policy will be implemented through the distribution of an interim
dividend for the year (expected to be paid in October of each year) and a
final dividend (to be paid once the year has ended and the allocation of the
year-end profit has been approved, expected to take place in April of each
year), with the possibility of combining cash distributions with share
buy-backs(( 2 )), all subject to the relevant authorizations and approvals
applicable at any given time.

 

 

 

 

Madrid, 18 November 2021

 

 

 

(( 1 )) Excluding amounts and items of an extraordinary nature included in
the consolidated profit and loss account.

 

(( 2 )) The execution of the Program Scheme, communicated as inside
information to the Spanish Securities and Exchange Commission (CNMV) on 29
October 2021, with registration number 1127, is considered to be an
extraordinary shareholder distribution and is therefore not included in the
scope of the policy.

 

 

 

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