Banco Bilbao Vizcaya Argentaria SA New shareholder's distribution policy (8540S)
November 18 2021 - 7:28AM
UK Regulatory
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.
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