Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 194

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 194
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 of other relevant information, of the settlement of the exchange offer.

141

Delivery of Cash in Lieu of Fractional BBVA Shares

Holders of Banco Sabadell shares will receive the greatest whole number of BBVA shares which can be issued at the exchange ratio. BBVA has
established a mechanism by which tendering holders of Banco Sabadell shares that tender a number of Banco Sabadell shares that does not entitle them to receive, at least, one newly-issued BBVA share, or that
entitles them to receive a whole number of newly-issued BBVA shares but have an excess number of Banco Sabadell shares that would entitle them to receive a fraction of a BBVA share, will receive an amount in cash equal to the weighted average price
per BBVA share during the 15 trading sessions prior to the expiration date (including the expiration date) multiplied by the fraction of a BBVA share that they would be entitled to receive. Such amount in cash will be rounded to the nearest euro
cent and, in the event of a half of a euro cent, to the immediately higher euro cent. Under no circumstances will interest be paid on the cash to be received in lieu of any fractional shares.

Delivery of Exchange Offer Cash Consideration

Holders of Banco Sabadell shares will receive, in addition to the BBVA shares they are entitled to receive, €0.70 in cash for each 5.5483
Banco Sabadell shares tendered and not withdrawn. Tendering holders of Banco Sabadell shares that tender a number of Banco Sabadell shares that does not entitle them to receive at least one newly-issued BBVA share, or that entitles them to receive a
whole number of newly-issued BBVA shares but have an excess number of Banco Sabadell shares that would entitle them to receive a cash payment in lieu of a fractional BBVA share, will receive an amount in cash equal to €0.70 multiplied by the
fraction of a BBVA share that they would otherwise be entitled to receive in accordance with the exchange ratio of 5.5483 (adjusted, as the case may be, as described in this offer to exchange/prospectus). Such amount in cash will be rounded to the
nearest euro cent and, in the event of a half of a euro cent, to the immediately higher euro cent. Under no circumstances will interest be paid on the exchange offer cash consideration.

Dividend Payments

If Banco Sabad