Banco BBVA Argentina S.A. announces dividend payment schedule & first installment payment
The Shareholders of
Non-resident shareholders
Non-resident shareholders may choose to receive their dividends in a single installment for the purposes of being applied to the subscription of Bonds for the Reconstruction of a Free Argentina (the "BOPREAL" or "Payment in BOPREAL").
The BCRA has invited to tender for BOPREAL - Series 3, the terms and conditions of which are detailed in Communication "B"12795, which is available at www.bcra.gob.ar. The BOPREAL will be subject to the restrictions on transfer or sale with settlement in foreign currency established in Communication "A" 7997 of the BCRA.
Those non-resident shareholders who intend to subscribe BOPREAL in the aforementioned tender must send an email until
If they do not opt to subscribe to BOPREAL, payment to non-resident shareholders will be made in pesos unless they express their intention to receive payment by delivering a National Treasury Bond in pesos adjusted by CER 4.25% due
Resident shareholders
Payment to resident shareholders will be made in pesos (the "Payment in Pesos"), unless they express their intention to receive Payment in Kind. Resident shareholders are not authorized to subscribe to BOPREAL (Communication "A" 7997).
Payment schedule
Payment in BOPREAL will be made on the settlement date of the tender carried out by the BCRA.
The Payment in Bonds and the Payment in Pesos will be made in 3 installments, on
American Depositary Shares (ADS)
Holders of American Depositary Shares (ADS) will receive payment through the depositary bank, Bank of New York Mellon, from the date determined by application of the rules governing the jurisdiction where the Bank's ADSs are listed. In that sense, the cut-off and/or payment dates may differ from those reported here.
Tax withholdings
The dividends that are proposed to be declared are subject to the 7% withholding established in article 97 of the Income Tax Law, text ordered in 2019.
From the distribution of dividends, where applicable, the amounts duly paid by the Bank, in its capacity as Substitute Responsible for the Personal Property Tax corresponding to the periods 2022 and 2023 of those Shareholders who have been reached by the referred tax, all in accordance with the terms of the last paragraph of the article incorporated by Law No. 26,452 following article 25 of Law No. 23,966.
The withholdings of the Tax for an Inclusive and Solidarity Argentina (COUNTRY) provided by Decree 385/2024 will apply to the Payment in BOPREAL.
Dividends Payment. Installment 1 of 3
The Shareholders of
In this sense, Installment 1 will be made available and paid for the sum of
Non-resident shareholders
Non-resident shareholders who have chosen to receive their dividends in a single installment for the purposes of being applied to the subscription of Bonds for the Reconstruction of a Free Argentina (the "BOPREAL" or "Payment in BOPREAL") will receive payment from of the date on which the tender is settled by the BCRA.
Non-resident shareholders will receive payment in pesos, unless they express their intention to receive payment of their dividends with National Treasury Bonds in pesos adjusted by CER 4.25% due
One day before the payment date, a complementary payment notice will be published informing the market price of the Bonds to be delivered.
Resident shareholders
Payment to resident shareholders will be made in pesos (the "Payment in Pesos"), unless they express their intention to receive Payment in Kind, sending an email to corporateactions-arg@bbva.com until
General terms and conditions of dividend payment
Payment date:
Cut-off date: May 9
Those shareholders who own their shares within the scope of the Shareholder Registry that
Payment in Pesos will be made available from the indicated date, through Caja de Valores S.A located at 25 de Mayo 362, Autonomous City of Buenos Aires, on business days from
Payment in Kind will be made available through
It is expressly established that the share holdings of the Shareholders registered on the Cut-Off Date of each installment will be the only ones taken into account for the purposes of paying the declared dividend. Notifications made by those who do not turn out to be holders of shares of
American Depositary Shares (ADS)
Holders of American Depositary Shares (ADS) will receive payment through the depositary bank, Bank of New York Mellon, from the date determined by application of the rules governing the jurisdiction where the Bank's ADSs are listed. In that sense, the cut-off and/or payment dates may differ from those reported here.
Tax withholdings
The dividends that are proposed to be declared are subject to the 7% withholding established in article 97 of the Income Tax Law, text ordered in 2019.
From the distribution of dividends, where applicable, the amounts duly paid by the Bank, in its capacity as Substitute Responsible for the Personal Property Tax corresponding to the periods 2022 and 2023 of those Shareholders who have been reached by the referred tax, all in accordance with the terms of the last paragraph of the article incorporated by Law No. 26,452 following article 25 of Law No. 23,966.
The withholdings of the Tax for an Inclusive and Solidarity Argentina (COUNTRY) provided by Decree 385/2024 will apply to the Payment in BOPREAL.
Contact:
BBVA Argentina Investor Relations
investorelations-arg@bbva.com
ir.bbva.com.ar
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