REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Mandatory tender offer exemption application

Turkiye Garanti Bankasi ASAnnouncement

05/05/2022 07:45

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Mandatory tender offer exemption application

   05-May-2022 / 07:33 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 29, 2022

    

   Re: Public disclosures dated November  15, 2021, November 18, 2021,  March
   31, 2022, April 1, 2022, April 25, 2022, November 28, 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 entaire share capital of Garanti BBVA not
   already owned by BBVA,  as of April 25,  2022, BBVA 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, on April 29, 2022, BBVA applied 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.:  159631
   EQS News ID:   1344167


    
   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=1344167&site_id=reuters8&application_name=news


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