Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 128

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 128
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 information circulated in the Annual Corporate Governance report, the Chair of the Board of Directors should verbally inform shareholders in suffi cient detail of the most relevant aspects of the Company’s Corporate Governance, particularly: A. Changes that have occurred since the previous Annual General Meeting. B. The specifi c reasons for the company not following a given Corporate Governance Code recommendation, and any alternative rules applied in this regard. Recommendation 4: The Company should establish and implement a policy of communication and contacts with shareholders and institutional investors within the framework of their involvement in the company, as well as with proxy advisers, that complies in full with market abuse regulations and accords equitable treatment to similarly situated shareholders. This policy should be disclosed on the company’s website, including information relating to how it has been put into practice and identifying the relevant actors or individuals responsible for the implementation thereof. And, without prejudice to the legal obligations regarding the disclosure of privileged information and other regulated information, the Company also has a general policy regarding the communication of economic-financial, non-financial and corporate information through the channels it deems appropriate (media, social media, or other channels) to help maximize dissemination and the quality of information available to the market, investors and other stakeholders. Recommendation 5: The Board of Directors should not make a proposal to the General Meeting for the delegation of powers to issue shares or convertible securities without pre-emptivesubscription rights in an amount exceeding 20% of capital at the time of such delegation. When the Board of Directors approves the issuance of shares or convertible securities that exclude pre-emptivesubscription rights, the Company should immediately post the reports contemplated by commercial laws on its website regarding such exclusion. 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 .132.. PARTIALLY COMPLIANT At the General Meeting held on March 18, 2022, under items four and fi ve of the Agenda, the shareholders delegated to the Board of Directors the power to increase share capital and to issue convertible debentures, respectively, with a discretion to exclude, in whole or in part, the pre-emptivesubscription rights of the shareholders in connection with any specifi c issuance using such authorities. This power to exclude pre-emptivesubscription rights is limited in the aggregate of both authorities to 10% of BBVA’s share capital as at the time the resolutions were adopted. Also, at its meeting on