Banco Bilbao Vizcaya Argentaria SA Second Tranche of the Share Buyback Program (5894A)
03 February 2022 - 06:11PM
UK Regulatory
TIDMBVA
RNS Number : 5894A
Banco Bilbao Vizcaya Argentaria SA
03 February 2022
Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), in compliance
with the Spanish Securities Market legislation, hereby proceeds to
notify the following:
INSIDE INFORMATION
Further to the notice of Inside Information of 29 October 2021,
with registration number 1127 (the "Initial II") ([1]) , and to the
notice of Inside Information of 19 November 2021, with registration
number 1182 (the "II for First Tranche Execution") ([2]) , the
Board of Directors of BBVA has agreed, within the framework of the
Program Scheme, to carry out a second buyback program (the "Second
Tranche") aimed at reducing BBVA's share capital, for a maximum
amount of 2,000 million Euros and a maximum number of shares to be
acquired equal to the result of subtracting from 637,770,016 own
shares (9.6% of BBVA's share capital at this date) the number of
own shares finally acquired in execution of the First Tranche. The
implementation of the Second Tranche, which will also be executed
externally through a lead-manager, will begin after the end of the
implementation of the First Tranche and shall end no later than 15
October 2022 ([3]) .
BBVA will carry out a separate communication prior to the
commencement of the execution of the Second Tranche with its
specific terms and conditions.
Madrid, 3 February 2022
([1]) The term "Program Scheme" shall have the same meaning as
provided in the Initial II.
([2]) The term "First Tranche" shall have the same meaning as
provided in the II for First Tranche Execution.
([3]) The preliminary estimated execution term is between 4 and
5 months, although the actual term will be determined in the
subsequent communication with the specific terms and conditions of
the Second Tranche.
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