Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 288

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 288
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 the case may be) which may be issued and delivered is determined; or                                                                                                                             |

| (ii) | there shall be any issue of Common Shares by way of capitalization of profits or reserves (including any share                                                                                                                                     
 premium account or capital redemption reserve) where such issue is, or is expressed to be, in lieu of a Dividend (whether or not a Cash Dividend equivalent or amount is announced or would otherwise be payable to Shareholders, whether at their 
 election or otherwise), the Dividend in question shall be treated as a Cash Dividend of an amount equal to the Current Market Price of such Common Shares as at the first date on which the Common Shares are traded                               
 ex-the relevant Dividend on the Relevant Stock Exchange or, as the case may be, the record date or other due date for establishment of entitlement in respect of the relevant capitalization or, in any such                                       
 case, if later, the date on which the number of Common Shares to be issued and delivered is determined;                                                                                                                                            |

| (b) | any issue of Common Shares falling within subparagraphs (a) and (b) of                                 
 “—Conversion—Conversion Price—Anti-Dilution Adjustment of the Floor Price” below shall be disregarded; |

| (c) | a purchase or redemption or buy back of share capital of BBVA by or on behalf of BBVA in accordance with any                                                                                                                                            
 general authority for such purchases or buy backs approved by a general meeting of Shareholders and otherwise in accordance with the limitations prescribed under the Spanish Companies Act for dealings generally by a company in its own shares shall 
 not constitute a Dividend and any other purchase or redemption or buy back of share capital of BBVA by or on behalf of BBVA or any member of the BBVA Group shall not constitute a Dividend unless, in the case of a purchase or redemption or buy back 
 of Common Shares by or on behalf of BBVA or any member of the BBVA Group, the weighted average price per Common Share (before expenses) on any one day (a “Specified Share Day”) in respect of such purchases or redemptions or buy backs               
 (translated, if not in the Share Currency, into the Share Currency at the Prevailing Rate on such day) exceeds by more than 5% the average of the daily Volume Weighted Average Price of a Common Share on the five dealing days immediately preceding  
 the Specified Share Day or, where an announcement (excluding, for the avoidance of doubt for these purposes, any