Dividend option: Trading period ended October 15

RNS Number : 7413O

Banco Bilbao Vizcaya Argentaria SA

15 October 2012

 

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 facts dated September 14, 2012 and September 26, 2012, BBVA hereby communicates that the trading period for the free allotment rights of the free-of-charge capital increase adopted under Agenda item four section 4.2 by the Annual General Meeting of Banco Bilbao Vizcaya Argentaria, S.A. shareholders held on March 16, 2012 and corresponding to the "Dividendo Opción" program, has ended today, October 15, 2012.

During the period set for that purpose, the holders of 20.64% of the free allotment rights have accepted BBVA's undertaking to acquire such free allotment rights. Consequently, BBVA has acquired 1,110,658,175 rights for a total consideration of 109,955,159.33 Euros. BBVA has waived the free allotment rights so acquired.

The holders of the remaining 79.36% of the free allotment rights 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 66,741,405, and the amount of the capital increase will be 32,703,288.45 Euros.

It is envisaged that the authorization for the admission to listing of the new shares in the Spanish Stock Exchanges will be granted on October 23, 2012, so that ordinary trading of such shares in Spain will commence on October 24, 2012. Admission to listing of the new shares (including American Depositary Shares underlying new shares) in the other Stock Exchanges where BBVA is listed shall also be requested.

Madrid, October 15, 2012

 

END

 

 

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