Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 261

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 261
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 to pay dividends are not available, any preemptive 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.

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.

Information about
directors’ compensation, including remuneration in shares, is included under “Item 6. Directors, Senior Management and Employees—Compensation” in the 2024 Form 20-F.

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COMPARISON OF RIGHTS OF HOLDERS OF BBVA SHARES AND BANCO SABADELL SHARES BBVA is a public limited company organized under the laws of Spain and is governed by the Spanish Corporation Law. As BBVA is a company organized under the laws of Spain, the rights of holders of BBVA shares are governed by Spanish law and by BBVA’s bylaws ( estatutos). See “Description of BBVA Shares” in this offer to exchange/prospectus for more information about the BBVA shares. Similarly, Banco Sabadell is a public limited company organized under the laws of Spain and is governed by the Spanish Corporation Law. As Banco Sabadell is a company organized under the laws of Spain, the rights of holders of Banco Sabadell shares are governed