Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0001193125-25-060013
Chunk: 4

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 4
---
 Article 334 of the Corporate Enterprises Act. Two.-Confer authority on the Board of Directors, in the broadest terms, authorizing it to subdelegate to the Executive Committee (which in turn, has subdelegation powers); to the Chair of the Board of Directors; to the Chief Executive Officer; and to any other person to whom the Board explicitly grants powers to this effect, in order to totally or partially execute the aforementioned share capital reduction, on one or more occasions, within the established timeframe and in the manner it deems most appropriate, with the power to, in particular and without limitation:

| (i) | Determine the number of shares to be redeemed in each execution, deciding whether or not to execute the resolution in                                                                                                                               
 whole or in part if no own shares are finally repurchased for the purpose of being redeemed or if, having been repurchased for that purpose, (a) they have not been purchased, on one or more occasions, in a sufficient number to reach 10% of the 
 share capital limit on the date of this resolution; or (b) market conditions, Company circumstances or any event of social or economic importance make it advisable for reasons of corporate interest or prevent its execution; notifying of this   
 decision in any case to the next Annual General Shareholders’ Meeting.                                                                                                                                                                              |

| This                                                                                                                                                  
 English version is a translation of the original in Spanish for information purposes only. In case of discrepancy, the Spanish original will prevail. |

| (ii) | Declare closed each of the executions of the share capital reduction finally agreed, setting, as appropriate, the                                                                                                        
 final number of shares to be redeemed in each execution and, therefore, the amount by which the Company’s share capital must be reduced in each execution, in accordance with the limits established in this resolution. |

| (iii) | Redraft the article of the Bylaws governing the share capital so that it reflects the new share capital figure and the 
 number of outstanding shares after each approved share capital reduction.                                              |

| (iv) | Request, as appropriate, the delisting of the shares to be redeemed by virtue of this delegation in any domestic or                                                                                                                         
 foreign market where BBVA’s shares are listed, taking such steps and actions as may be necessary or advisable for this purpose before the relevant public and/or private bodies, including any action, declaration or management before any 
 competent authority in any jurisdiction, including, but not limited to, the United States of America for the delisting of the shares represented by ADSs