Company: BBVXF
Filing Date: 2025-01-10
Form Type: 6-K
Source: 0001193125-25-004022
Chunk: 1

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-10
Form: 6-K
Chunk 1
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6/2007.

The aforementioned minimum acceptance condition, which
initially required the acceptance of the Offer by at least 2,720,654,746 shares of the Target Company , representing 50.01 percent of its share capital, is now reduced so that it requires the Offer to be accepted for a number of shares that
allows BBVA to acquire at least more than half of the effective voting rights of Banco Sabadell at the end of the Offer acceptance period (therefore excluding the treasury shares that the Target Company may hold at that time).

As of the date of this communication, the total share capital with voting rights amounts to 5,361,450,912 ordinary shares (5,361,450 effective
voting rights), considering that Banco Sabadell’s share capital is represented by a total of 5,440,221,447 ordinary shares (5,440,221 voting rights) and that it holds 78,770,535 treasury shares (as stated in Banco Sabadell’s Universal
Registration Document posted on the CNMV’s website on May 23, 2024), whose voting rights are suspended in accordance with Article 148(a) of the Spanish Companies Act. Therefore, assuming that all such treasury shares remain as such at the
end of the Offer acceptance period, the reduced minimum acceptance condition will be deemed fulfilled if the Offer is accepted for at least 2,680,726,000 shares of Banco Sabadell (2,680,726 voting rights), which would represent half plus one of
Banco Sabadell’s effective voting rights at that time.

The above notwithstanding, if Banco Sabadell’s treasury shares vary by
the end of the acceptance period, the condition will be deemed fulfilled if the Offer is accepted for the number of shares necessary to acquire more than 50 percent of the effective voting rights at that time, thus excluding the suspended
voting rights corresponding to the treasury shares held by Banco Sabadell on that date.

In the event of a positive outcome of the Offer, BBVA will seek the redemption of Banco Sabadell’s treasury shares at
the end of the acceptance period at the first General Shareholders’ Meeting of Banco Sabadell, reducing the share capital and locking up those shares in the meantime.

The fulfillment of this reduced minimum acceptance condition, under the described terms, will make applicable the exception to the obligation
to launch a mandatory tender offer in accordance with Article 8(f) of Royal Decree 1066/200