Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 96

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 96
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 by the CNMV (the “CNMV Clearance”). Additionally, pursuant to the provisions of Law 10/2014 and Royal Decree
84/2015, the acquisition by BBVA of control of the Target Company resulting from the Exchange Offer is subject to the duty of prior notification to the Bank of Spain and the obtention of the non-opposition of
the ECB (which condition was satisfied on September 5, 2024, as described below).

In addition, completion of the Exchange Offer is
also subject to the satisfaction of the conditions specified in the Prior Announcement, in particular (i) the acceptance of the Exchange Offer by at least a number of shares of the Target Company representing 50.01% of its share capital (the
“Minimum Acceptance Condition”), (ii) approval by BBVA’s General Shareholders’ Meeting of the increase of BBVA’s share capital through the issue of new ordinary shares with
non-cash contributions in an amount that is sufficient to fully cover the Consideration offered to the shareholders of the Target Company (which condition was satisfied on July 5, 2024, as described
below), (iii) in accordance with the provisions of article 26.1 of the Royal Decree 1066/2007, the authorization of the economic concentration resulting from the Exchange Offer by the Spanish antitrust authorities (“Antitrust Clearance”), and (iv) the authorization of the indirect acquisition of control of the Target Company’s banking subsidiary in the United Kingdom, TSB Bank PLC, by the United Kingdom Prudential Regulation Authority (PRA) (which
condition was satisfied on September 2, 2024, as described below).

On July 5, 2024, BBVA’s Extraordinary General
Shareholders’ Meeting approved to authorize the increase of BBVA’s share capital in an amount of up to €551,906,524.05 through the issuance of up to 1,126,339,845 newly-issued BBVA shares to be offered to the shareholders of the
Target Company pursuant to the Exchange Offer. Such capital increase resolution was approved by 96% of the shareholders present or represented at such meeting that was convened with quorum of 70.75% of the outstanding BBVA shares (see note 24 to the
unaudited condensed interim consolidated financial statements included in the 9M24 Form 6-K).

On
September 3, 2024, BBVA announced that it had received on September 2,