Banco Bilbao Vizcaya Argentaria SA AT1 Issuance (3505F)
17 May 2017 - 4:00PM
UK Regulatory
TIDMBVA
RNS Number : 3505F
Banco Bilbao Vizcaya Argentaria SA
16 May 2017
Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), in compliance
with the Securities Market legislation, hereby proceeds by means of
the present document to notify the following:
RELEVANT INFORMATION
BBVA has agreed to carry out an issue of contingent preferred
securities convertible into newly issued ordinary shares of BBVA
(the "Preferred Securities"), with exclusion of pre-emptive
subscription rights for shareholders, for a total nominal amount of
500 million Euros (the "Issuance").
BBVA will request that the Preferred Securities qualify as
Additional Tier 1 Capital pursuant to Law 10/2014, of 26 June, on
regulation, supervision and solvency of credit entities, and
Regulation (EU) No. 575/2013 of the European Parliament and of the
Council of 26 June 2013, on prudential requirements for credit
institutions and investment firms.
The Issuance is targeted only at qualified investors and in any
case will not be offered to, and may not be subscribed for, in
Spain or by Spanish residents, without prejudice to the additional
sales restrictions set out in the terms and conditions of the
Issuance.
Application has been made to the Irish Stock Exchange plc for
the Preferred Securities to be admitted to the Official List and
trading on the Global Exchange Market of the Irish Stock Exchange
plc.
Furthermore, BBVA informs that, for the purposes set out in
articles 414, 417 and 511 of the Corporate Enterprises Act, the
director's report and the report of the independent expert/auditor
of accounts different from the Company's auditor have been issued.
These reports have been made available to shareholders through
their publication on BBVA's website (www.bbva.com) and will be
reported to the first General Shareholders' Meeting to be held
after the Issuance.
Madrid, 16 May 2017
Important information:
This announcement does not constitute or form part of an offer
of securities for sale in the United States or any other
jurisdiction. The Preferred Securities have not been and will not
be registered under the U.S. Securities Act of 1933, as amended
(the "Securities Act") and may not be offered or sold in the United
States absent registration or an exemption from the registration
requirements of the Securities Act. No money, securities or other
consideration from any person inside the United States is being
solicited and, if sent in response to the information contained in
this announcement, will not be accepted. Further restrictions apply
in, among other jurisdictions, the United Kingdom, Spain,
Singapore, Hong Kong, Canada and Switzerland, as set out in the
offering documentation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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