Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 176

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 176
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ive relief granted to BBVA by the SEC on May 29, 2024. See “The Exchange
Offer—Relief Requested from the SEC—Tender Offer Rules Exemptive Relief”.

As of the date of this offer to
exchange/prospectus, BBVA has not appointed any member of the board of directors or of the management of Banco Sabadell.

Shareholding of BBVA’s Directors, Executive Officers and Their Affiliates

As of February 19, 2025 the shareholding of BBVA’s directors, executive officers and their affiliates represented approximately 0.15% of
the outstanding BBVA shares. BBVA’s board of directors proposed that the shareholders of BBVA pass the relevant capital increase resolution necessary to issue the shares of BBVA to be issued in connection with the exchange offer. Such capital
increase resolution was approved at an extraordinary general shareholders’ meeting on July 5, 2024, with shareholders representing 70.75% of the outstanding BBVA shares present at such meeting and 96.01% of such shareholders voting in
favor.

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Purpose of the Exchange Offer BBVA is undertaking the exchange offer to acquire control of Banco Sabadell in order to be in a position to, subject to relevant approvals, integrate both businesses and create a stronger combined group. See “BBVA’s Reasons for the Proposed Exchange Offer”. Plans for Banco Sabadell after the Exchange Offer Strategic Plans and Intentions Regarding Future Activities and Location of the Banco Sabadell Group If the exchange offer is completed, regardless of the percentage of Banco Sabadell shares acquired by BBVA pursuant to the exchange offer, BBVA intends to promote, after the settlement of the exchange offer, and irrespective of whether the thresholds provided for in articles 116 of the Spanish Securities Market Law and 47 of the Spanish Takeover Regulation for the exercise of the right of squeeze-outare met, subject to market conditions or other circumstances making it inadvisable to carry out such merger process or carry out such merger process on such terms, a merger by absorption of Banco Sabadell by BBVA with an exchange ratio equivalent, as far as possible, to the consideration offered in the exchange offer. BBVA estimates that the intended merger would be consummated in a period of between six to eight months from the adoption of the necessary corporate resolutions by both entities. See “—Certain Consequences of the Exchange Offer—Squeeze-out and Merger”. If the merger is consummated, BBVA will