Ending trading Dividend Option

RNS Number : 7506C

Banco Bilbao Vizcaya Argentaria SA

19 October 2015

 



Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with the Securities Market legislation, hereby proceeds by means of the present document to notify the following:

RELEVANT EVENT 

Further to the relevant events dated 18^th and 30^th September, 2015, BBVA hereby communicates that the trading period for the rights of free allocation of the free-of-charge capital increase resolved by the Ordinary General Meeting of BBVA shareholders held on 13^th March, 2015, under agenda item four, section 4.2, and executed by the Board of Directors in its 30^th September, 2015 meeting, corresponding to the shareholder remuneration system called "Dividend Option", has ended today, 19^th October, 2015.

During the period set for that purpose, ended on 14^th October, 2015, holders of 10.35% of the rights of free allocation have accepted BBVA's undertaking to acquire such rights of free allocation. Consequently, BBVA has acquired 652,564,118 rights for a total consideration of 52,205,129.44 Euros. BBVA has waived the rights of free allocation so acquired.

The holders of the remaining 89.65% of the rights of free allocation have chosen to receive new BBVA ordinary shares. Thus, the definitive number of BBVA ordinary shares of 0.49 Euros of par value issued in the free-of-charge capital increase will be 61,442,106 and the nominal amount of the capital increase will be 30,106,631.94 Euros.

It is envisaged that the authorization for the admission to listing of the new shares in the Spanish Stock Exchanges, through the Spanish SIBE electronic trading platform (Sistema de Interconexión Bursátil Español), will be granted on 29^th October, 2015, so that ordinary trading of such shares in the Spanish Stock Exchanges will commence on 30^th October, 2015. Admission to listing of the new shares (including American Depositary Shares underlying new shares) in the rest of Stock Exchanges where BBVA is listed will also be requested.

Madrid, 19^th October, 2015

 

END

 

 

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