Company: BBVXF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001193125-25-198316
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Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-08
Form: 425
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Filed by Banco Bilbao Vizcaya Argentaria, S.A. Pursuant to Rule 425 under the Securities Act of 1933 Subject Company: Banco de Sabadell, S.A. Commission File No.: 333-281111 This is an unofficial English translation for information purposes only of the offer announcement ’ s official version in Spanish . The National Securities Market Commission (Comisión Nacional del Mercado de Valores) did not review this versi o n. I n the event of any discrepancies between this document and the corresponding Spanish version, the Spanish version shall prevail. Announcement of the voluntary takeover bid for all the shares representing the share capital of Banco de Sabadell, S.A. made by Banco Bilbao Vizcaya Argentaria, S.A. On September 5, 2025, the Spanish National Securities Market Commission(the “ CNMV”) has authorized the voluntary takeover bid for shares of Banco Sabadell, S.A. (“ Sabadell”, “ Banco Sabadell” and, together with its subsidiaries, the “ Sabadell Group”) launched by Banco Bilbao Vizcaya Argentaria, S.A. (“ BBVA”) for all the shares representing the share capital of Sabadell (the “ Offer”). The Offer is launched as an exchange and includes a cash component corresponding to the compensatory adjustments for the interim dividend paid by BBVA on October 10, 2024, and the final dividend paid by BBVA on April 10, 2025. The consideration offered is one (1) newly issued ordinary share of BBVA (the “ Share Consideration”) and €0.70 in cash (the “ Cash Consideration”) for every five point five four eight three (5.5483) ordinary shares of Banco Sabadell (collectively, the “ Exchange Ratio”). The Offer is governed by the provisions of Ley 6/2023, de 27 de marzo, de los Mercados de Valores y de los Servicios de Inversión(the “ Securities Market Law”), Real Decreto 1066/2007, de 27 de julio, sobre el régimen de las ofertas públicas de adquisición de valores (the “ Royal Decree 1066/2007”) and other applicable legislation. The Offer is considered a voluntary takeover bid for the purposes of the provisions of Article 117 of the Securities Market Law and Article 13 of Royal Decree 1066/2007. In accordance with the