Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 293

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 293
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back 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 20 March 2025. The public deed corresponding to the capital reduction (and the resulting amendment of the Articles of Association) was entered in the Companies Register of Barcelona on 23 June 2025, that reduction being thus completed and the redeemed shares delisted (see Note 19). On that same day, 8 May 2025, Banco Sabadell gave notice, through an Other Relevant Information disclosure entered in the CNMV’s register under number 34,672, in accordance with that provided in Article 5 of