Banco BBVA Argentina S.A. Announces Dividend Payment, Payable on September 8, 2023
August 24, 2023 at 04:48 pm EDT
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Banco BBVA Argentina S. A announced the approval of dividend payment The Shareholders of Banco BBVA Argentina S.A. are notified that in accordance with the resolutions of the General Ordinary and Extraordinary Shareholders' Meeting held on April 28, 2023, the authorization of the Argentine Financial and Exchange Institutions Authority of the Argentine Central Bank obtained on May 31, 2023 and the Board of Directors' meeting held on June 7, 2023, the shares of Banco BBVA Argentina S.A., the Bank will proceed to make available and pay to its existing shareholders on the Bank's share register, as of September 5, 2023 ("Cut-Off Date") of Installment 4, as of September 8, 2023 ("Payment Date"), a dividend, by means of the delivery of: Payment in Kind: Up to 8,254,072,169 par value of the National Treasury Bill in Pesos Adjusted by CER at a discount due November 23, 2023 (ISIN ARARGE520DT9) Ticker X23N3 (CV code 9197) at a ratio of par value 13.4714156856 of the above mentioned security for each Company share of ARS 1 par value, which represents 1370.99% of the capital stock of ARS 612,710,079. Fractions of less than 1 will be settled in Pesos; or 2) Cash option: Up to ARS 8,400,169,246.50 at a ratio of ARS 13.7098597435 for each Company share of ARS 1 par value. Payment date: September 8; Cut-off date: September 5.
Banco Bbva Argentina SA, formerly known as BBVA French Bank, is an Argentina-based banking institution. Through its banking platform, the Bank provides a broad range of financial and non-financial services to both individuals and companies. It manages three business lines: Retail Banking, Small and Medium-Sized Companies and Corporate and Investment Banking (C&IB). Retail Banking offers checking and savings accounts, time deposits, credit cards, loans, mortgages, insurance and investment products, among others. Small and Medium-Sized Companies targets local private-sector companies providing financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance and investment products, among others. C&IB offers financial services to corporations and multinational companies, as well as global transaction services, global markets solutions, long term financing, among others. The Bank is active locally, mostly.