Banco BBVA Argentina S.A. announced payment of installment 3 of 3 of dividend payment schedule
Banco BBVA Argentina S.A. (BBAR) announced the payment of installment 3 of 3 of its dividend payment schedule. Approved by the Shareholders' Meeting on April 26, 2024, and authorized by the Argentine Central Bank, the dividend totals AR$400,627,017,508 as of today. Installment 3, amounting to AR$50,638,718,584.05, will be paid at AR$247.1094 per share.
Payment will be disbursed to shareholders on July 11, 2024, with a cut-off date of July 5, 2024. Non-resident shareholders can opt for National Treasury Bonds instead of pesos.
- Dividend payment of AR$50.64 billion will be made, offering shareholders AR$247.1094 per share.
- Approval and authorization by regulatory bodies indicate strong compliance and governance.
- Dividend payments may impact cash reserves if not managed properly.
- Dividends are subject to a 7% withholding tax, potentially reducing the net amount received by shareholders.
The Shareholders of Banco BBVA Argentina S.A. (the "Bank") 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
In this sense, Installment 3 will be made available and paid for the sum of
Non-resident shareholders
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
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 corporateactions-arg@bbva.com until July 5 at 3:00 p.m.
General terms and conditions of dividend payment
Payment date: July 11
Cut-off date: July 6
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: corporateactions-arg@bbva.com 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
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.
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SOURCE Banco BBVA Argentina S.A.
FAQ
When will the third installment of BBVA Argentina’s dividend (BBAR) be paid?
What is the amount of the third installment dividend per share for BBAR?
What are the cut-off and payment dates for BBVA Argentina’s (BBAR) dividend?
Can non-resident shareholders of BBVA Argentina (BBAR) opt for payment in National Treasury Bonds?
Is there a tax withholding on BBVA Argentina’s (BBAR) dividend payment?
