Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 154

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 154
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 such offer or scheme to the holders at the same time as any notice thereof is sent to the Shareholders (or as soon as practicable thereafter) that details
concerning such offer or scheme may be obtained from the specified offices of the Paying and Conversion Agent or, if BBVA is designated as the Paying and Conversion Agent, from the specified offices or the website of BBVA and, where such an offer or
scheme has been recommended by the board of directors of BBVA, or where such an offer has become or been declared unconditional in all respects or such scheme has become effective, use all commercially reasonable endeavors to procure that a like
offer or scheme is extended to the holders of any Common Shares issued during the period of the offer or scheme arising out of any Conversion and/or to the holders;

(iii) in the event of a Newco Scheme, take (or shall procure that there is taken) all necessary action to ensure that such amendments are made
to the Indenture immediately after completion of the Scheme of Arrangement as are necessary to ensure that the Preferred Securities may be converted into or exchanged for ordinary shares in Newco (or depositary or other receipts or certificates
representing ordinary shares of Newco)mutatis mutandis in accordance with and subject to the Indenture and the ordinary shares of Newco are:

(a) admitted to the Relevant Stock Exchange; or

(b) listed and/or admitted to trading on another Recognized Stock Exchange,

and the holders of the Preferred Securities (which, for this purpose, includes holders of a beneficial interest in the Preferred Securities)
irrevocably authorize BBVA to make such amendments to the Indenture without the need for any further authorization from the holders of the Preferred Securities;

(iv) issue, allot and deliver Common Shares upon Conversion subject to and as provided under “Description of the Contingent Convertible Preferred Securities of BBVA—Conversion” in the accompanying prospectus (as amended hereby);

(v) use all
reasonable endeavors to ensure that its issued and outstanding Common Shares and any Common Shares issued upon Conversion will be admitted to listing and trading on the Relevant Stock Exchange or will be listed and/or admitted to trading on another
Recognized Stock Exchange;

(vi) at all times keep in force the relevant resolutions needed for issue, free
from pre-emptive rights, sufficient authorized but unissued Common Shares to enable Conversion of the Preferred Securities, and all rights of subscription and exchange for Common Shares, to be
satisfied in full; and