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0A2B Banco Bilbao Vizcaya Argentaria Sa

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Banco Bilbao Vizcaya Argentaria Sa LSE:0A2B London Ordinary Share BANCO BILBAO VIZCAYA ARG ADR (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,872 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 33.56B 8.02B 1.3442 8.52 68.3B

Banco Bilbao Vizcaya Argentaria SA New shareholder's distribution policy (8540S)

18/11/2021 12:28pm

UK Regulatory


Banco Bilbao Vizcaya Arg... (LSE:0A2B)
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TIDMBVA

RNS Number : 8540S

Banco Bilbao Vizcaya Argentaria SA

18 November 2021

Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), in compliance with the Spanish Securities Market legislation, hereby proceeds to notify the following:

INSIDE INFORMATION

The Board of Directors of BBVA has agreed to modify the Group's shareholder distribution policy currently in force, which was communicated as relevant information on 1 February 2017, with registration number 247679, establishing a new policy consisting in an annual distribution of between 40% and 50% of the consolidated ordinary profit ([1]) of each year, compared to the previous policy of distributing between 35% and 40%.

This policy will be implemented through the distribution of an interim dividend for the year (expected to be paid in October of each year) and a final dividend (to be paid once the year has ended and the allocation of the year-end profit has been approved, expected to take place in April of each year), with the possibility of combining cash distributions with share buy-backs ([2]) , all subject to the relevant authorizations and approvals applicable at any given time.

Madrid, 18 November 2021

([1]) Excluding amounts and items of an extraordinary nature included in the consolidated profit and loss account.

([2]) The execution of the Program Scheme, communicated as inside information to the Spanish Securities and Exchange Commission (CNMV) on 29 October 2021, with registration number 1127, is considered to be an extraordinary shareholder distribution and is therefore not included in the scope of the policy.

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 rns@lseg.com 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.

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(END) Dow Jones Newswires

November 18, 2021 07:28 ET (12:28 GMT)

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