REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Receipt of necessary approvals for the voluntary tender offer process and CMB approval to voluntary tender offer information memorandum

Turkiye Garanti Bankasi ASAnnouncement

31/03/2022 21:00

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Receipt of necessary approvals for the
   voluntary tender offer process and CMB approval to voluntary tender offer
   information memorandum

   31-March-2022 / 20:52 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: Receipt of necessary approvals for the voluntary tender offer
   process and CMB approval to voluntary tender offer information memorandum

    

    

   DATE: March 31, 2022

    

   Re: Public disclosure dated 15.11.2021 and 18.11.2021

    

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

    

    In relation with  the voluntary  tender offer  launched by  BBVA for  the
   entire share capital of Garanti BBVA ("VTO"), the relevant  authorisations
   required, both in Turkey and  in other jurisdictions, for the  acquisition
   of more  than 50%  of  Garanti BBVA  total  share capital  were  obtained.
   Accordingly, BBVA applied to the  Capital Markets Board of Turkey  ("CMB")
   for its approval on  the VTO and the information memorandum in  accordance
   with Section  4 of  the  Communiqué on  Takeover  Bids (Pay  Alım  Teklifi
   Tebliği) no. II-26.1  ("Communiqué"). As  of today, the  CMB approved  the
   information memorandum in accordance with  Section 4 of the Communiqué  in
   their letter numbered E-29833736-110.05.05-19391 and dated March 31, 2022.

   The information memorandum on the VTO is attached and will be available to
   Garanti  BBVA  shareholders  and  investors  on  the  following  webpages:
   https://kap.org.tr,        1 https://www.garantibbvainvestorrelations.com,
    https://www.garantibbva.com.tr,         https://www.bbva.com          and
   https://www.garantibbvayatirim.com.tr.

   The tender offer period for the VTO  will start on April 4, 2022 and  will
   last for a term  of 20 business  days (i.e. VTO ending  date on April  29,
   2022). As indicated in the information memorandum on the VTO attached, the
   VTO price is TRY 12.20 for shares with a nominal value of TRY 1.00.

    

    

   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:  2 investorrelations@garantibbva.com.tr

          3 www.garantibbvainvestorrelations.com

    

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   Attachment

   File:  4 Receipt of necessary approvals for the voluntary tender offer
   process and CMB approval to voluntary tender offer information memorandum

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   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  152907
   EQS News ID:   1317443


    
   End of Announcement EQS News Service

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References

   Visible links
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   2. mailto:investorrelations@garantibbva.com.tr
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