Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 15

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 15
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, bases and methods of conversion; and (iii) the conversion ratio. Moreover, the shareholders delegated to the Board the power to (i) increase BBVA’s capital by the amount necessary to meet the conversion commitments; and (ii) totally or partially exclude pre-emptivesubscription rights of shareholders within the framework of a specific issuance, in compliance with applicable legal requirements and limitations. Using this delegation of authority, BBVA carried out one issuance in June 2024 of convertible perpetual securities (additional Tier 1 capital instruments), excluding preemptive subscription rights, worth a total of €750 million. 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 ..16.. The BBVA General Meeting held on March 18, 2022, under item 4 on the agenda, passed a resolution to delegate to the Board the power to increase share capital for the bylaw-mandated period of 5 years, up to the maximum amount corresponding to 50% of BBVA’s share capital on the date of the authorization. This may be done on one or several occasions by issuing new shares of any kind allowed by Law, with or without a premium, where the countervalue consists of cash consideration. The authorization includes setting out the terms and conditions of the capital increase in any respect not provided for in the resolution, and the Board is authorized to wholly or partly exclude pre-emptivesubscription rights in relation to any share capital increase carried out by virtue of the resolution, in compliance with applicable legal requirements. This power was limited insofar as the nominal amount of the capital increases agreed or executed while disapplying the pre-emptivesubscription rights or to cover the conversion of convertible issues also disapplying pre-emptivesubscription rights in use of the power given under item 5 on the agenda of the same General Meeting (without prejudice to the anti-dilution adjustments), as described below, do not exceed the maximum nominal amount, in aggregate, of 10% of BBVA’s share capital at the time the power was given. BBVA has not passed any resolution in use of these powers. On March 18, 2022, the BBVA General Meeting, under item 5 on the agenda, resolved to delegate to the Board the power to issue securities convertible into newly issued BBVA shares (other than securities the conversion of which is contingent and intended to meet regulatory requirements for eligibility as