Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 243

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 243
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VA’s shareholders delegated to BBVA’s board of directors the authority to issue, on one or several occasions for a period of five years from the date on which this resolution was adopted, CoCos which
are intended to meet regulatory requirements for their eligibility as capital instruments, in accordance with the solvency regulations applicable from time to time, up to the maximum overall amount of €8,000,000,000 or its equivalent in any
other currency. BBVA’s board of directors is authorized to exclude preemptive rights, in whole or in part, pursuant to the applicable provisions of the Spanish Corporation Law. The board of directors’ authorization to issue CoCos expires
on April 20, 2026.

At the annual general shareholders’ meeting of BBVA held on March 15, 2024, BBVA’s shareholders
approved a reduction of BBVA’s share capital by up to 10% of BBVA’s share capital as of the date of such resolution, corresponding to 583,794,038 BBVA shares, with a nominal value of €0.49 each, subject to obtaining, where
appropriate, the corresponding regulatory authorizations. On May 24, 2024, BBVA announced the partial execution of this share capital reduction resolution, through the reduction of BBVA’s share capital by €36,580,908.35 and the consequent
redemption of 74,654,915 shares of €0.49 par value each acquired by BBVA pursuant to a share buy-back program scheme and held as treasury shares. BBVA does not intend to use any treasury shares as consideration in exchange for Banco Sabadell
shares.

On July 5, 2024, BBVA’s extraordinary general shareholders’ meeting approved to authorize the increase of
BBVA’s share capital in an amount of up to a maximum nominal amount of €551,906,524.05 through the issuance of up to 1,126,339,845 newly-issued BBVA shares to be offered to the holders of Banco Sabadell shares pursuant to the exchange
offer.

At the annual general shareholders’ meeting of BBVA held on March 21, 2025, BBVA’s shareholders approved a reduction
of BBVA’s share capital by up to 10% of BBVA’s share capital as of the date of such resolution, corresponding to 576,328,546 BBVA shares, with a nominal value of €0.49 each, subject to obtaining, where appropriate, the corresponding