BBVA shareholders have backed the Group’s corporate management in 2019 with 99.4 percent of the votes at the Annual General Meeting, held on Friday in Bilbao. Quorum has been the highest in the bank’s history: 66.83 percent.
In addition to the approval of corporate management with 99.4 percent of the votes, the 2019 annual accounts were backed by 99.7 percent of the votes. Shareholders also supported by majority the appointment of Raúl Catarino Galamba de Oliveira, Ana Leonor Revenga Shanklin and Carlos Vicente Salazar Lomelín as new board members. They also ratified the re-election of Lourdes Máiz Carro and Susana Rodríguez Vidarte as board members.
Despite the situation created by the coronavirus (Covid-19) outbreak, BBVA made all the efforts at its disposal to ensure that its shareholders were able to exercise their rights to information, vote or grant proxy. The bank recommended its shareholders not attending the AGM in person whenever possible, and exceptionally extended the deadline to exercise said rights. BBVA also provided a streaming service to follow the meeting remotely. Quorum -the capital present and represented at the AGM- was the highest in the bank’s history, 66.83 percent.
Additionally, the AGM approved a complementary gross dividend of €0.16 per share, in cash, to be paid next April. The total dividend for the year stands at €0.26 per share, which amounts to a 36 percent of the bank’s profit, excluding the impact of the goodwill adjustment at the BBVA’s U.S. unit in 2019.