Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 210

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 210
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 made with the proceeds of a new share issuance made
under a resolution from the general shareholders’ meeting or, as the case may be, from the board of directors, for the purpose of financing the redemption transaction. If the redemption of these shares is charged to earnings or to free
reserves, BBVA must set up a reserve for the amount of the nominal value of the shares redeemed. If the redemption is not charged to earnings or free reserves or made with the proceeds of the issuance of new shares, it may only be carried out under
the requirements established for the reduction of share capital by refunding contributions.

Non-VotingShares

BBVA may issue shares with no voting rights within legally established limits. Holders of such shares are entitled to
receive a minimum fixed or variable annual dividend, as resolved by the general shareholders’ meeting and/or the board of directors at the time of deciding to issue the shares. In addition, the right of
non-voting shares to accumulate unpaid dividends whenever funds to pay dividends are not available, any preemptive subscription rights associated with non-voting shares,
and the ability of holders of non-voting shares to recover voting rights must be established at the time of deciding to issue the shares. Once the minimum dividend has been agreed upon, holders of non-voting shares will be entitled to the same dividend as holders of BBVA shares.

Certain Other Provisions Regarding Shareholders’ Rights

BBVA’s bylaws do not contain any provisions relating to sinking funds or potential liability
of shareholders to further capital calls by us.

Certain Powers of BBVA’s Board of Directors

Provisions regarding directors are generally contained in BBVA’s bylaws. In addition, BBVA’s board of directors’ regulations
govern the internal procedures and operation of BBVA’s board of directors and its committees and directors’ rights and duties.

148

BBVA’s board of directors’ regulations prohibit a director from deliberating or
voting on resolutions or decisions in which he or she or a related party may have a direct or indirect conflict of interest (unless such decisions are related to the appointment or removal of positions on the management body). BBVA’s board of
directors’ regulations require that directors resign from their position upon reaching 75 years of age by submitting their resignation at the first meeting of the board of directors to be held after the general shareholders’ meeting
approving the accounts for the financial year in which they reach said age. Directors are not required to hold BBVA shares in order to be appointed as such