Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 16

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 16
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 capital instruments (CoCos), as referred to in the resolutions carried at the Annual General Meeting of April 20, 2021, under item 5 on the agenda), for a period of 5 years, in accordance with applicable provisions and after obtaining the necessary authorizations, for a maximum aggregate amount of €6,000,000,000, or its equivalent in any other currency, with authority to determine: (i) the terms, characteristics and conditions of issuances; (ii) the form, timing, assumptions, bases and methods of conversion; and (iii) the conversion ratio. Likewise, the Board was vested with powers to: (i) increase BBVA’s capital in the amount necessary to meet the conversion commitments; and (ii) disapply, in whole or in part, the shareholders’ pre-emptivesubscription rights for any given issue, in compliance with applicable legal requirements and limitations. This power is limited in the sense that the nominal amount of the capital increases agreed or executed to satisfy conversion of the issues carried out with exclusion of the pre-emptivesubscription right by virtue of this power (without prejudice to anti-dilution adjustments) and any agreed or executed in use of the power under item 4 on the agenda of the same General Meeting, as described above, with exclusion of the pre-emptivesubscription right, do not exceed a maximum nominal amount, in aggregate, of 10% of BBVA’s share capital. BBVA has not passed any resolution in use of these powers. The BBVA General Meeting held on March 15, 2024, under item 3 on the agenda, passed a resolution to be in effect until the next Annual General Meeting to reduce, on one or more occasions, the share capital of BBVA up to a maximum of 10% of its capital at the time of the resolution, after obtaining the relevant regulatory authorizations, through the redemption of BBVA shares acquired through any mechanism with the aim of redeeming such shares and in accordance with the provisions of the applicable legislation and regulations. Powers to execute the resolution were vested in the Board; it was further resolved to vest powers in the Board to set the terms and conditions of the reduction in respect of any matters not foreseen in the resolution. Likewise, from 1 January 2024 until the aforementioned General Meeting of 15 March 2024, a similar resolution adopted at the General Meeting of March 17, 2023, under item 3 on the agenda, was in