Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 290

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 290
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 “Election Period” has the meaning specified in “— Conversion—Conversion Upon Capital Reduction” below; “equity share capital” means, in relation to any entity, its issued share capital excluding any part of that capital which, in respect of dividends and capital, does not carry any right to participate beyond a specific amount in a distribution; “Enforcement Event” has the meaning specified under “— Enforcement Events and Remedies—Enforcement Events” below; “European Clearing System” means Euroclear Bank S.A./N.V. (“Euroclear Bank”), as operator of the Euroclear System (“Euroclear”) and/or Clearstream Banking, société anonyme(“Clearstream Luxembourg”); “Existing Shareholders” has the meaning specified in the definition of “Newco Scheme”; “Fair Market Value” means, with respect to any property on any date, the fair market value of that property as determined by an Independent Financial Adviser in good faith provided that (a) the Fair Market Value of a Cash Dividend shall be the amount of such Cash Dividend; (b) the Fair Market Value of any other cash amount shall be the amount of such cash; (c) where Securities, Spin-OffSecurities, options, warrants or other rights are publicly traded on a stock exchange or securities market of adequate liquidity (as determined by an Independent Financial Adviser in good faith), the Fair Market Value (i) of such Securities or Spin-OffSecurities shall equal the arithmetic mean of the daily Volume Weighted Average Prices of such Securities or Spin-OffSecurities and (ii) of such options, warrants or other rights shall equal the arithmetic mean of the daily closing prices of such options, warrants or other rights, in the case of both (i) and (ii) above during the period of five dealing days on the relevant stock exchange or securities market commencing on such date (or, if later, the first such dealing day such Securities, Spin-OffSecurities, options, warrants or other rights are publicly traded) or such shorter period as such Securities, Spin-OffSecurities, options, warrants or other rights are publicly traded; and (d) where Securities, Spin-OffSecurities, options, warrants or other rights are not publicly traded on a stock exchange or securities market of adequate liquidity (as aforesaid), the Fair Market Value of such Securities, Spin-OffSecurities, options, warrants or other rights shall be determined by an Independent Financial Adviser in good faith, on the