Banco BBVA Argentina S.A. announces dividend payment schedule & first installment payment

BUENOS AIRES, Argentina, May 8, 2024 /PRNewswire/ -- Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) announced yesterday the approval of dividend payment schedule and first installment payment.

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 ("BCRA") 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. Dividends would be paid as follows.

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 4:00 p.m. on Wednesday, May 8 to [email protected] in order to verify its compliance with current regulations and present the corresponding documentation. In case of oversubscription it will be awarded by proration.
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 13 December 2024, Ticker T5X4 (CV code 9200; ISIN ARARGE320DV0) (the "Bonds" or "Payment in Kind") in installments, according to the schedule detailed below.
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 May 14, June 11 and July 11, according to the payment notice published with each installment.

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 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 1 will be made available and paid for the sum of $133,542,339,169 (that is, $ 217.9535538036 per share that represents 21,795.35538036% of the share capital of AR$ 612,710,079) to its existing shareholders in the Bank's share registry as of May 9, 2024 ("Cut-Off Date") as of May 14, 2024 ("Payment Date"), of a dividend through the delivery 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 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 [email protected] until May 9 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 [email protected] until May 9 at 3:00 p.m.

General terms and conditions of dividend payment
Payment date: May 14
Cut-off date: May 9

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: [email protected] 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.
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
[email protected] 
ir.bbva.com.ar 

SOURCE Banco BBVA Argentina S.A.