Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 259

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 8
Chunk 259
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 corresponding regulatory authorizations and the communication of the specific terms and conditions of the program before its execution. On March 1, 2024, after receiving the required authorization from the ECB, BBVA announced, by means of an Inside Information filing, that it would implement such buyback program for the repurchase of own shares in accordance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16, 2014 on market abuse and Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buyback programs and stabilization measures (the “Regulations”), aimed at reducing BBVA’s share capital by a maximum monetary amount of €781 million. 
On April 9, 2024, BBVA announced, by means of an Other Relevant Information filing, the completion of the execution of the share buyback program upon reaching the maximum monetary amount, having acquired 74,654,915 own shares between March 4 and April 9, 2024, representing, approximately, 1.28% of BBVA’s share capital as of April 9, 2024. The execution of the share buyback program was carried out externally by Citigroup Global Markets Europe AG.
On May 24, 2024, BBVA announced, by means of an Other Relevant Information filing with the CNMV, the partial execution of the share capital reduction resolution adopted by the Annual General Shareholders’ Meeting of BBVA held on March 15, 2024, by reducing BBVA’s share capital in a nominal amount of €36,580,908 and the consequent redemption of 74,654,915 own shares of €0.49 par value each acquired by BBVA in execution of the share buyback program scheme and which were held as treasury shares. See Notes 4, 26, 27, 28 and 29 to the Consolidated Financial Statements.
2023
On February 1, 2023, BBVA announced, among others, its intention to submit for the consideration of the corresponding BBVA governing bodies the execution of a share buyback program of BBVA for an amount of €422 million in relation to the 2022 results, subject to obtaining the corresponding regulatory authorizations and to the communication of the specific terms and