Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 285

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 285
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2, as amended or supplemented from time to time, or such other regulation as may come into effect in place thereof; “Current Market Price” means, in respect of a Common Share at a particular date, the average of the daily Volume Weighted Average Price of a Common Share on each of the five consecutive dealing days ending on the dealing day immediately preceding such date (the “Relevant Period”) (rounded if necessary to the nearest cent with 0.5 cents being rounded upwards); provided that if at any time during the Relevant Period the Volume Weighted Average Price shall have been based on a price ex-Dividend(or ex-anyother entitlement) and during some other part of that period the Volume Weighted Average Price shall have been based on a price cum-Dividend(or cum-anyother entitlement), then:

| · |     | if the Common Shares to be issued and delivered are not entitled to receive the Dividend (or entitlement) in question, the Volume Weighted Average Price on the                                                                                         
 dates on which the Common Shares shall have been based on a price cum-Dividend (or cum-any other entitlement) shall for the purposes of this definition be deemed to be                                                                                 
 the amount thereof reduced by an amount equal to the Fair Market Value of any such Dividend or entitlement per Common Share as at the date of the first public announcement relating to such Dividend or entitlement, in any such case, determined on a 
 gross basis and disregarding any withholding or deduction required to be made for or on account of tax, and disregarding any associated tax credit; or                                                                                                  |

| · |     | if the Common Shares to be issued and delivered are entitled to receive the Dividend (or entitlement) in question, the Volume Weighted Average Price on the                                                                                           
 dates on which the Common Shares shall have been based on a price ex-Dividend (or ex-any other entitlement) shall for the purposes of this definition be deemed to be the                                                                             
 amount thereof increased by an amount equal to the Fair Market Value of any such Dividend or entitlement per Common Share as at the date of the first public announcement relating to such Dividend or entitlement, in any such case, determined on a 
 gross basis and disregarding any withholding or deduction required to be made for or on account of tax, and disregarding any associated tax credit,                                                                                                   |

and provided further that:

| (i) | if on each of the dealing days in the Relevant Period the Volume Weighted Average Price shall have been based                                                                                                                                            
 on a price