Banco BBVA Argentina S.A. announces dividend payment schedule & first installment payment By Investing.com

BUENOS AIRES, Argentina, May 8, 2024 /PRNewswire/ — Banco BBVA Argentina (NYSE:) S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) announced yesterday the approval of dividend payment schedule and first installment payment.

The Shareholders of Banco BBVA Argentina S.A. are hereby notified that, as resolved by the General Ordinary and Extraordinary Shareholders Ì“ Meeting held on April 26, 2024, the authorization of the Argentine Central Bank Financial and Exchange Entities Authority (“BCRA”) 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$ 264,227,684,640 expressed in homogeneous currency as of December 31, 2023. That amount in homogeneous currency as of today is AR $400,627,017,508. Dividends would be paid as follows.

Non-resident shareholders
Non-resident shareholders may choose to receive their dividends in a single installment for the purposes of being applied to the subscription of Bonds for the Reconstruction of a Free Argentina (the “BOPREAL” or “Payment in BOPREAL”).
The BCRA has invited to tender for BOPREAL – Series 3, the terms and conditions of which are detailed in Communication “B”12795, which is available at www.bcra.gob.ar. The BOPREAL will be subject to the restrictions on transfer or sale with settlement in foreign currency established in Communication “A” 7997 of the BCRA.
Those non-resident shareholders who intend to subscribe BOPREAL in the aforementioned tender must send an email until 4:00 p.m. on Wednesday, May 8 to corporateactions-arg@bbva.com in order to verify its compliance with current regulations and present the corresponding documentation. In case of oversubscription it will be awarded by proration.
If they do not opt to subscribe to BOPREAL, payment to non-resident shareholders will be made in pesos unless they express their intention to receive payment by delivering a National Treasury Bond in pesos adjusted by CER 4.25% due 13 December 2024, Ticker T5X4 (CV code 9200; ISIN ARARGE320DV0) (the “Bonds” or “Payment in Kind”) in installments, according to the schedule detailed below.
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. Resident shareholders are not authorized to subscribe to BOPREAL (Communication “A” 7997).

Payment schedule
Payment in BOPREAL will be made on the settlement date of the tender carried out by the BCRA.
The…