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Name | Symbol | Market | Type |
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Sg Issuer 26 | LSE:86KM | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:4237E Banco Bilbao Vizcaya S.A. 25 January 2000 ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A Exchange of shares from ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A to shares from BANCO BILBAO VIZCAYA ARGENTARIA, S.A. ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A., with social address in Madrid, Paseo Recoletos, 10 and fiscal identification code A-80041106, registered in the Mercantile Register of Madrid in the volume 1116, page 1, sheet number M-21228, 1st registration, communicates that on the 18th of december of 1999 the Shareholders' General Meeting of the company approved its merger with the company BANCO BILBAO VIZCAYA, S.A. through absorption of the mentioned company ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A. The 25th of January of 2000 the correspondent merger deed was confered, in which there is the social name change, from BANCO BILBAO VIZCAYA, S.A. TO BANCO BILBAO VIZCAYA ARGENTARIA S.A. and an increase of capital to do the exchange of ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A. shares. This increase has the following characteristics: - Nature of the securities: ordinary shares represented by book entries - Increase amount: 424.985.377,96 euros - Nominal value per share: 0,52 euros - Subscription: there are no preferent subscription rights for being increase for reasons of merger, so the entire increase goes to the current ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A shareholders and its automatic exchange for their shares of this company, once the merger deed is registered in the Mercantile Register of Vizcaya. The Clearance and Settlement System (SCLV) and its members will inscribe the shares of new issue issued by BANCO BILBAO VIZCAYA ARGENTARIA, S.A. as book-entries in favour of the ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A. shareholders. The BANCO BILBAO VIZCAYA ARGENTARIA, S.A. shares assigned to each ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A. shareholder will be deposited in the companies members of the SCLV, in which each shareholder had deposited ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A. shares when the registral inscription of the merger deed takes place. - Exchange formula: the exchange rate has been fixed in five (5) new issue shares of BANCO BILBAO VIZCAYA ARGENTARIA, S.A., for each three (3) shares of ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A. Those ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A. shareholders owners of less than three or a number not multiple of three will be able to come together or to transmit their shares for exchange purposes, according to the exchange rate previous to the exchange date, giving the correspondent instructions to their depositary. - Fractions treatment: The former exchange rate is equivalent to give one (1) BANCO BILBAO VIZCAYA ARGENTARIA., S.A. share for each 0,6 ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A. share. Each ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A. shareholder that, applying the rate of 1 share of BANCO BILBAO VIZCAYA ARGENTARIA, S.A. for each 0,6 shares of ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A., has the right of the perception of an integer number of shares of BANCO BILBAO VIZCAYA ARGENTARIA, S.A. and remain fractions of ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A. shares, will be able to transmit them to Merrill Lynch International, who will purchase them at a price equivalent to the weighted average price of ARGENTARIA CAJA POSTAL Y BANCO HIPOTECARIO SA share in the Market Interconnections System (" Continuous Market") in the last sesion of trading of the ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, S.A shares. If no express instructions in the contrary, each shareholder of ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO,SA subjects to this fractions acquisition system without giving instructions to SCLV correspondent member, which will inform of the result of the operation once concluded. Since the shares are represented by book-entries, those ones will become book-entires at their inscription in the central Account Register of the SCLV, inscribing them by the members in favour of the former ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO, SA shareholders. There is an informative prospectus about this increase, that has been inscribed in the Official Registers of the Securities Exchange Commission (Comision Nacional del Mercado de Valores), and it is at the public disposal in the social address of ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO SA in Madrid, Peseo Recoletos, 10. Date 28.1.2000 Ampl. POR ARGENTARIA No. Shares Issued Total 817.279.573 2.930.514.579 817.279.573 new shares BBVA for ARGENTARIA shareholders Capital Stock EUROS PESETAS Issued Total Issued Total 424.985.377,96 1.523.867.581,08 70.711.617.097 253.550.231.346 Number of ARGENTARIA shares at 28.1.2000 490.367.744 Total Number of BBVA shares at 29.1.2000 2.930.514.579 shares. END ROMSEWFUISSSEDF
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