Banco Bilbao Vizcaya Argentaria SA Finalization of acceptance period VTO for Garanti (0194M)

TIDMBVA

RNS Number : 0194M

Banco Bilbao Vizcaya Argentaria SA

18 May 2022

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in accordance with the provisions of the Securities Market legislation, hereby communicates the following:

INSIDE INFORMATION

BBVA informs of the finalization, as of today, of the acceptance period of the voluntary tender offer ("VTO") launched by BBVA for the entire share capital of T. Garanti Bankası A. . ("Garanti BBVA"), not already owned by BBVA.

The results of the VTO are as follows:

 
 Number of Garanti    % of Garanti BBVA's    total accumulated % of 
  BBVA shares ([1])    total share capital    share capital of Garanti 
  acquired in the      (acquired in the       BBVA owned by BBVA (after 
  VTO                  VTO)                   VTO) 
   1,517,195,890             36.12%                    85.97% 
                     ---------------------  --------------------------- 
 

The consideration paid by BBVA for the 36.12% of Garanti BBVA's share capital acquired in the VTO is approximately 22,758 million Turkish Lira (equivalent to approximately 1,410 million Euros([2]) ). The transaction has a negative impact on the Common Equity Tier 1 (fully loaded) ratio([3]) of approximately 23 basis points.

For further information of Garanti BBVA shares acquired in the VTO, please refer to the VTO results notifications published by Garanti Yatırım Menkul Kıymetler A. .([4]) in the following webpage: kap.org.tr

Madrid, May 18, 2022

([1]) All references to "shares" in this announcement shall be deemed made to lots of 100 shares, which is the trading unit of Garanti BBVA shares at Borsa Istanbul.

([2]) Using the effective exchange rate of 16.14 Turkish Lira per Euro.

([3]) The determination of the impact on Common Equity Tier 1 was made taking into consideration the group's financial statements as of March 31, 2022, using the effective exchange rate of 16.14 Turkish Lira per Euro.

([4]) Investment firm acting as broker of BBVA in the VTO.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCEAXSPFDFAEFA

(END) Dow Jones Newswires

May 19, 2022 02:00 ET (06:00 GMT)