Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 17

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 17
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 force. It was never executed in 2024 and became ineffective after the approval of the resolution described in the preceding paragraph. This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Corporate Governance Report of BBVA . 17.. During the financial year 2024, BBVA partially executed the capital reduction resolution adopted at the General Meeting of March 15, 2024 on one occasion, on May 24 to be precise, by reducing BBVA’s share capital by the nominal amount of €36,580,908.35, with a subsequent redemption against unrestricted reserves of 74,654,915 treasury shares, respectively, each with a par value of €0.49, all purchased derivatively under the buy-backprogram described above and until then held as treasury shares. Lastly, on July 5, 2024, the Extraordinary General Shareholders’ Meeting of BBVA, under item 1 on the agenda, resolved to approve an increase in BBVA’s share capital up to a maximum nominal amount of €551,906,524.05, through the issuance and placement into circulation of up to 1,126,339,845 ordinary shares each with a par value of €0.49, all of the same and unique class and series, and all conferring the same rights as the BBVA shares currently outstanding and represented in book entry form. This will be carried out through non-monetarycontributions (the “Capital Increase”) in order to meet the consideration in kind for the voluntary public tender offer targeting the acquisition of up to 100% of the shares of Banco de Sabadell, S.A. (“Banco Sabadell”) made by BBVA. The General Shareholders’ Meeting likewise agreed to delegate to the Board of Directors the power to execute, in whole or in part, the Capital Increase, on one or more occasions, within a period of one year from the passing of the resolution, and to establish its terms and conditions in respect of all matters not provided for by the Extraordinary General Shareholders’ Meeting, with authority also to determine, among other things, the terms and conditions of the Capital Increase: (i) the date or dates on which the Capital Increase is to be carried out in whole or in part; (ii) the procedure for the contribution in kind and exchange of the shares of Banco Sabadell for the new BBVA shares to be issued under the Capital Increase; and (iii