Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 292

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 292
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 Distributable Amount” means, at any time, any maximum distributable amount required to be calculated at such time in accordance with (a) Article 48 of Law 10/2014 and any provision developing Article 48 of Law 10/2014, and any other provision of Spanish law transposing or implementing Article 141 of the CRD IV Directive and/or (b) Applicable Banking Regulations; “Newco Scheme” means a scheme of arrangement or analogous proceeding (“Scheme of Arrangement”) which effects the interposition of a limited liability company (“Newco”) between the Shareholders of BBVA immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and BBVA, provided that:

| (a) | only ordinary shares of Newco or depositary or other receipts or certificates representing ordinary shares of 
 Newco are issued to Existing Shareholders;                                                                    |

| (b) | immediately after completion of the Scheme of Arrangement the only shareholders of Newco or, as the case may                                                                                                                                       
 be, the only holders of depositary or other receipts or certificates representing ordinary shares of Newco, are Existing Shareholders and the Voting Rights in respect of Newco are held by Existing Shareholders in the same proportions as their 
 respective holdings of such Voting Rights immediately prior to the Scheme of Arrangement;                                                                                                                                                          |

| (c) | immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries 
 of Newco are) the only ordinary shareholder (or shareholders) of BBVA;                                        |

| (d) | all Subsidiaries of BBVA immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a     
 Subsidiary) are Subsidiaries of BBVA (or of Newco) immediately after completion of the Scheme of Arrangement; and |

| (e) | immediately after completion of the Scheme of Arrangement, BBVA (or Newco) holds, directly or indirectly, the                                                    
 same percentage of the ordinary share capital and equity share capital of those Subsidiaries as was held by BBVA immediately prior to the Scheme of Arrangement; |

“Non-CashDividend” means any Dividend which is not a Cash Dividend, and shall include a Spin-Off; “Notice Cut-offDate” shall have the meaning set forth under “— Conversion—Conversion Procedures”; “Parity Securities” means any instrument issued or guaranteed by BBVA