Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 113

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 113
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 2024, 2023 and 2022 included as Appendix I to this offer to exchange/prospectus. Such consolidated financial statements have not been audited under U.S. GAAS and are therefore not considered audited financial statements under SEC rules. Consequently, no audit report has been included herein on such consolidated financial statements. However, as a listed company in Spain, Banco Sabadell is subject to ongoing reporting requirements under CNMV rules, including that its annual financial statements be audited under prevailing legislation regulating the audit of accounts in Spain.

In this section, references to “Group”, “Sabadell Group”, “we”, “us”, “Issuer”, “Bank”, “Institution” and “parent company” refer to the Banco Sabadell Group or Banco Sabadell, as applicable, references to “management” refer to Banco Sabadell’s management and references to “expects”, “expectations” or similar terms refer to the expectations of Banco Sabadell’s management. References to the relevant publicly-available documents of Banco Sabadell from which the information relating to Banco Sabadell included below has been extracted are included solely for the benefit of the reader, and such documents are not incorporated by reference into this offer to exchange/prospectus.

On July 1, 2025, Banco Sabadell published the TSB Sale Inside Information Notice, informing that it had received a binding offer for the consummation of the TSB Sale, and announcing its decision to call an extraordinary general shareholders’ meeting to approve the TSB Sale and the payment of the TSB Sale Dividend. Such approvals were given by the respective extraordinary general shareholders’ meetings of Banco Sabadell on August 6, 2025. According to the TSB Sale Inside Information Notice, the TSB Sale is subject to the satisfaction of certain conditions precedent, including the authorization of the TSB Sale by Banco Sabadell’s extraordinary general shareholders’ meeting. Closing of the TSB Sale is expected to occur in the first quarter of 2026. For additional information on the TSB Sale, see “The Exchange Offer—TSB Sale”. If the exchange offer is completed and the TSB Sale is consummated, TSB will, following consummation of the TSB Sale, no longer be part of the BBVA Group.

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I. Incorporation and Status

The information in this subsection has been extracted from page 139 of Banco Sabadell’s Euro Medium Term Note Program base prospectus dated May