Banco BBVA Argentina S.A. announces dividend payment schedule

Rhea-AI Summary

Banco BBVA Argentina S.A. (BBAR) announced the approval of its dividend payment schedule during a meeting on June 16, 2022. The total dividend distributed amounts to AR$ 7,679,705,250 for the first seven installments, translating to AR$ 12.5339 per share. Payments will be made on July 6, 2022, with record date on July 5, 2022. Subsequent payments are scheduled for August 3, September 7, October 5, November 2, and December 6, totaling AR$ 1,097,100,750 for each of the later installments.

Positive

• Total dividend payment of AR$ 7,679,705,250 reflects strong financial performance.
• Consistent payment schedule enhances shareholder confidence.

Negative

• None.

BUENOS AIRES, Argentina, June 16, 2022 /PRNewswire/ -- Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) announced today the approval of dividend payment schedule

The Shareholders of Banco BBVA Argentina S.A. are hereby informed that according to the resolution of the Ordinary and Extraordinary General Meeting held on April 29^th, 2022, and the Meeting of the Board of Directors held on June 16^th, 2022, the following dividends payment schedule was approved:

Instalment N°	Record Date	Payment Date	Amount
1 to 7	July 5th	July 6th	AR$ 7.679.705.250
8	August 2nd	August 3rd	AR$ 1.097.100.750.
9	September 6th	September 7th	AR$ 1.097.100.750.
10	October  4th	October 5th	AR$ 1.097.100.750.
11	November 1st	November 2nd	AR$ 1.097.100.750.
12	December 5th	December 6th	AR$ 1.097.100.750.

Every time the dividend is available, the corresponding payment notice shall be issued, informing the following: i) the amount to be made available to shareholders; ii) the amount per share; and iii) if the dividend payable is subject to some form of tax deduction.

Regarding instalments 1 to 7 as from July 6, 2022 ("Payment Date") the provision and payment of a dividend in the amount of AR$ 7.679.705.250 representing AR$ 12,5339 per share, and corresponding to installment N° 1 to 7, shall be made available to the shareholders registered in the stock register of the Bank on July 5^th , 2022 ("Record Date").

In this regard, it is reported that:

i) The payment of the dividend to all Local Shareholders shall be made in Argentine Pesos through the Caja de Valores S.A located at May 25th 362, Buenos Aires City; on working days from 10:00 to 15:00 hours, where all requirements, formalities and settlements shall  be met in accordance with the regulatory deadlines.

ii)  The payment of the dividend to non-resident shareholders shall be made with securities, unless (a) they state their decision to receive it in Argentine pesos, or (b) they do not inform within the periods described below, the custodial accounts necessary to make the payment with movable securities, in which case they shall receive Argentine pesos.

a)  Non-Resident Shareholders wishing to receive securities must send a written notice to Banco BBVA Argentina S.A. as from June 16^th to July 5^th 2022 included, duly signed by the holder or custodian stating the name of the holder of those shares, for Shareholders who hold their shares through a depositor (Bank, Agent or Stock Exchange).

Such notice shall be served on working days within the aforementioned period, from 10:00 to 15:00 hours, to Banco BBVA Argentina S.A. Att. Ezequiel Serra - addressed to email (ezequiel.serra@bbva.com), at AV. CORDOBA 111, 26^th Floor, CITY OF BUENOS AIRES, stating beneficiary, number of principal and depositor of Caja de Valores S.A. or identification in the Register of Shareholders carried out by the Registration Agent: Caja de Valores S.A., bank abroad to transfer the securities, account number, reference and any other information necessary for the correct crediting of the net dividend.

It is hereby stated that in case of failure to receive the notification with the required information within the period informed, before July 5^th , 2022 the Bank shall pay the dividend in Argentine pesos according to the procedure reported in point b) below.

b)  On the other hand, non-resident shareholders who choose to receive Argentine pesos must send written notice to that effect from June 16^th  to July 5^th, 2022 included, on working days within that period, from 10:00 to 15:00 hours, addressed to Banco BBVA Argentina S.A. - Att. Ezequiel Serra addressed to email (ezequiel.serra@bbva.com), at AV. CORDOBA 111,  26^th Floor CITY OF BUENOS AIRES, and the funds shall be credited through the Caja de Valores S.A located at May 25th 362, City of Buenos Aires; on working days from 10:00 to 15:00 hours, where all  formalities and settlements shall be met in accordance with the regulatory deadlines.

Upon any inquiry or request address to: Caja de Valores S.A Phone: 0810-888-7323 or email registro@cajadevalores.com.ar.

Holders of American Depositary Shares (ADS) shall receive payment through the depositary bank, Bank of New York Mellon, as from the date determined by the rules governing the jurisdiction in which the Company's ADS is quoted.

It is expressly established that the holdings of shares of the Shareholders registered at the Record Date shall be the only ones taken into account for the purpose of paying the declared dividend. Notices made by those who do not turn out to be holders of Bank shares at the Record Date shall be deemed not to have been filed and shall be null and void.

The distribution of dividends shall, in appropriate cases, be deducted from the sums duly paid by the Company, in its capacity as Substitute Tax Officer for Personal Property corresponding to the periods 2019 and 2020 of those Shareholders who have been reached by such tax, all in accordance with the terms of the last paragraph of the Section incorporated by Law N° 26.452 following Section 25 of Law N°23.966. It is also reported that, in accordance with the provisions of Law N° 27.430, amendment of Law N° 20.628 of Income Tax (third section without added number after section 90), no withholding tax is applicable since the dividends distributed correspond to accrued tax-free profits from periods prior to the beginning of January 1, 2018.

View original content:https://www.prnewswire.com/news-releases/banco-bbva-argentina-sa-announces-dividend-payment-schedule-301569999.html

SOURCE Banco BBVA Argentina S.A.

FAQ

What is the total amount of dividends Banco BBVA Argentina (BBAR) is paying?

Banco BBVA Argentina is distributing a total dividend of AR$ 7,679,705,250.

When is the payment date for the dividends?

The payment date for the first installment is July 6, 2022.

How much will shareholders receive per share in dividends?

Shareholders will receive AR$ 12.5339 per share for the first seven installments.

What are the record dates for the dividend payments?

The record date for the first dividend payment is July 5, 2022.

When are the subsequent dividend payments scheduled?

Subsequent payments are scheduled for August 3, September 7, October 5, November 2, and December 6, 2022.