REG-Turkiye Garanti Bankasi A.S. Mandatory Offer Exemption

Turkiye Garanti Bankasi ASAnnouncement

25/04/2022 17:15

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Mandatory Offer Exemption

   25-Apr-2022 / 17:05 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Mandatory tender offer exemption application

    

    

   DATE: April 25, 2022

    

   Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), has informed Türkiye
   Garanti Bankası A.Ş. ("Garanti BBVA")  of the following:

    

   As a result of the purchases within the scope of voluntary tender offer
   ("VTO") launched by BBVA for the entire share capital of Garanti BBVA not
   already owned by BBVA, as of April 25, 2022, BBVA's direct shareholding at
   Garanti BBVA exceeded 50.0% and also acquired the indirect management
   control (as defined in the Communiqué on Takeover Bids (Pay Alım Teklifi
   Tebliği) no. II-26.1 ("Communiqué") at Garanti Faktoring A.Ş. ("Garanti
   Faktoring") and Garanti Yatırım Ortaklığı A.Ş. ("Garanti Yatırım
   Ortaklığı"), two fully consolidated subsidiaries of Garanti BBVA both of
   which are listed at Borsa İstanbul.

    

   Taking into consideration that the VTO is primarily aimed at increasing
   BBVA's stake in Garanti BBVA (and not in these two listed subsidiaries)
   and the fact that these two subsidiaries do not constitute a material
   portion of Garanti BBVA's business, BBVA will apply to the Capital Markets
   Board of Turkey for an exemption from launching mandatory tender offer for
   both of Garanti Faktoring and Garanti Yatırım Ortaklığı pursuant to the
   article (18)(1)(c) of the Communiqué.

    

   In contradiction between the Turkish  and English versions of this  public
   disclosure, the Turkish version shall prevail.

    

   We declare that our above statements are in conformity with the principles
   included in the  Board's Communiqué,  Serial II Nr.15.1,  that it  exactly
   reflects the information we received;  that the information complies  with
   our records,  books and  documents; that  we did  our best  to obtain  the
   correct and complete information relative to this subject and that we  are
   responsible for the declarations made in this regard.

    

   Yours sincerely,

   Garanti BBVA

   Contact Garanti BBVA Investor Relations:

   Tel: +90 212 318 2352

         Fax: +90 212 216 5902

         E-mail:  1 investorrelations@garantibbva.com.tr

          2 www.garantibbvainvestorrelations.com

    

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   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  157469
   EQS News ID:   1334761


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:investorrelations@garantibbva.com.tr
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=1334761&site_id=reuters9&application_name=news


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