BUENOS
AIRES, Argentina, June 5, 2024
/PRNewswire/ -- Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR;
LATIBEX: XBBAR) announced yesterday the payment of installment 2 of
3 of dividend payment schedule
The Shareholders of Banco BBVA Argentina S.A. are hereby
notified that, as resolved by the General Ordinary and
Extraordinary Shareholders' Meeting held on April 26, 2024, the authorization of the
Argentine Central Bank Financial and Exchange Entities Authority
obtained on May 3, 2024 and the Board
of Directors meeting held on May 6,
2024, approved the payment of a dividend in the amount of
AR$ 264,227,684,640 expressed in homogeneous currency as of
December 31, 2023. That amount in
homogeneous currency as of today is AR$ 400,627,017,508.
In this sense, Installment 2 will be made available and paid for
the sum of $48,608,661,500.42, that
is, $237.2030389704 per share, paid
on 33.44555362% of the share capital that participates: V/N
204,924,278, which did not opt for payment in BOPREAL in the first
installment. The payment will be made to its existing shareholders
in the Bank's share registry as of June 6,
2024 ("Cut-Off Date") as of June 11,
2024 ("Payment Date"), of a dividend through the delivery
of:
Non-resident shareholders
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 December
13, 2024, Ticker T5X4 (CV code 9200; ISIN ARARGE320DV0),
(the "Bonds" or "Payment in Kind"). For these purposes, you must
send an email to corporateactions-arg@bbva.com until June 6 at 3:00
p.m.
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 June
6 at 3:00 p.m.
General terms and conditions of dividend
payment
Payment date: June
11
Cut-off date: June 6
Those shareholders who wish to exercise the Payment in Kind
option and own their shares in a depositor at Caja de Valores must
send the instruction through their custodian agent, detailing
ownership and client account number.
That option cannot be carried out partially, and will apply to
the entire position that the shareholder has on the cut-off
date.
Those shareholders who own their shares within the scope of the
Shareholder Registry that Caja de Valores
S.A. carried out for the account and order of Banco BBVA
Argentina S.A. must contact the Bank at the email address:
corporateactions-arg@bbva.com to obtain information on the
procedure applicable for the purposes of the provision of Payment
in Kind.
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 10:00 a.m. to 3:00 p.m. ,
where they must comply with the required procedures and the
settlements will be carried out in accordance with the regulatory
deadlines.
Payment in Kind will be made available through Banco BBVA
Argentina S.A. from 10:00 a.m. to 3:00
p.m., at Av. Córdoba 111, Autonomous City of Buenos
Aires.
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 Banco BBVA Argentina S.A. on the
Cut-Off Date will be considered not presented and will be void.
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.
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SOURCE Banco BBVA Argentina S.A.