Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 316

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 316
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erelevant Cash Dividend on the Relevant Stock Exchange. “Extraordinary Dividend” means, in respect of this sub-paragraph(c)(i), any Cash Dividend which is expressly declared by BBVA to be a capital distribution, extraordinary dividend, extraordinary distribution, special dividend, special distribution or return of value to its Shareholders or any analogous or similar term (including any distribution made as a result of any Capital Reduction), in which case the Extraordinary Dividend shall be such Cash Dividend. (ii) If and whenever BBVA shall pay or make any Non-CashDividend to Shareholders, the Floor Price shall be adjusted by multiplying the Floor Price in force immediately prior to the Effective Date by the following fraction:

| A – 
 B   |
| A   |

where: A is the Current Market Price of one Common Share on the Effective Date; and B is the portion of the Fair Market Value of the aggregate Non-CashDividend attributable to one Common Share, with such portion being determined by dividing the Fair Market Value of the aggregate Non-CashDividend by the number of Common Shares entitled to receive the relevant Non-CashDividend (or, in the case of a purchase, redemption or buy back of Common Shares or any depositary or other receipts or certificates representing Common Shares by or on behalf of BBVA or any member of the BBVA Group, by the number of Common Shares in issue immediately following such purchase, redemption or buy back, and treating as not being in issue any Common Shares, or any Common Shares represented by depositary or other receipts or certificates, purchased, redeemed or bought back). Such adjustment shall become effective on the Effective Date or, if later, the first date upon which the Fair Market Value of the relevant Non-CashDividend is capable of being determined as provided herein. 72

“Effective Date” means, in respect of this sub-paragraph(c)(ii), the first date on which the Common Shares are traded ex-therelevant Dividend on the Relevant Stock Exchange or, in the case of a purchase, redemption or buy back of Common Shares or any depositary or other receipts or certificates representing Common Shares by or on behalf of BBVA or any member of the BBVA Group, the date on which such purchase, redemption or buy back is made (or, in any such case if later, the first date upon which the Fair Market Value of the relevant Dividend is capable of being determined as provided herein) or in the case of a Spin-Off,the first date on