Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 273

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 273
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2025, that reduction being thus completed and the redeemed shares delisted (see Note 19). Share buyback programmes in 2025 During the Annual General Meeting of 20 March 2025, after having received prior authorisation from the competent authority, shareholders agreed to reactivate the share buyback programme for a cash amount of up to 340 million euros originally approved by the Board of Directors on 24 April 2024, mentioned previously. During the aforesaid Annual General Meeting, shareholders agreed to approve that share buyback programme in the amount of 247 million euros (the “reactivated buyback programme”). Similarly, after having obtained prior authorisation from the competent authority, during that same Annual General Meeting of 20 March 2025, shareholders approved the establishment of another share buyback programme in the amount of 755 million euros, in line with the commitment established by Banco Sabadell’s Board of Directors to distribute any excess capital above the management target of 13% 4to shareholders. On 28 March 2025, Banco Sabadell gave notice, through an Other Relevant Information disclosure entered in the CNMV’s register under number 33,739, of the commencement, on 31 March 2025, of the reactivated buyback programme, in accordance with the provisions of Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016. On 8 May 2025, Banco Sabadell gave notice, by means of an Other Relevant Information disclosure, of completion of the execution of the reactivated buyback programme, as the aforesaid maximum pecuniary amount of 247 million euros had been reached, having acquired 99,460,820 treasury shares with a par value of 0.125 euros each, representing approximately 1.85% of Banco Sabadell’s share capital. On 29 May 2025, Banco Sabadell’s Board of Directors agreed to reduce the Bank’s share capital by 12,432,602.50 euros through the redemption, charged to unrestricted reserves, of all the treasury shares acquired under the reactivated buyback programme mentioned in the previous paragraph. That reduction was approved as per the powers conferred on the Board of Directors in the share capital reduction resolution approved by shareholders during the aforesaid Annual General Meeting of