Banco Bilbao Vizcaya Argentaria SA Finalization of acceptance period VTO for Garanti (0194M)
19 May 2022 - 4:00PM
UK Regulatory
TIDMBVA
RNS Number : 0194M
Banco Bilbao Vizcaya Argentaria SA
18 May 2022
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in accordance with
the provisions of the Securities Market legislation, hereby
communicates the following:
INSIDE INFORMATION
BBVA informs of the finalization, as of today, of the acceptance
period of the voluntary tender offer ("VTO") launched by BBVA for
the entire share capital of T. Garanti Bankası A. . ("Garanti
BBVA"), not already owned by BBVA.
The results of the VTO are as follows:
Number of Garanti % of Garanti BBVA's total accumulated % of
BBVA shares ([1]) total share capital share capital of Garanti
acquired in the (acquired in the BBVA owned by BBVA (after
VTO VTO) VTO)
1,517,195,890 36.12% 85.97%
--------------------- ---------------------------
The consideration paid by BBVA for the 36.12% of Garanti BBVA's
share capital acquired in the VTO is approximately 22,758 million
Turkish Lira (equivalent to approximately 1,410 million Euros([2])
). The transaction has a negative impact on the Common Equity Tier
1 (fully loaded) ratio([3]) of approximately 23 basis points.
For further information of Garanti BBVA shares acquired in the
VTO, please refer to the VTO results notifications published by
Garanti Yatırım Menkul Kıymetler A. .([4]) in the following
webpage: kap.org.tr
Madrid, May 18, 2022
([1]) All references to "shares" in this announcement shall be
deemed made to lots of 100 shares, which is the trading unit of
Garanti BBVA shares at Borsa Istanbul.
([2]) Using the effective exchange rate of 16.14 Turkish Lira
per Euro.
([3]) The determination of the impact on Common Equity Tier 1
was made taking into consideration the group's financial statements
as of March 31, 2022, using the effective exchange rate of 16.14
Turkish Lira per Euro.
([4]) Investment firm acting as broker of BBVA in the VTO.
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END
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