Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 237

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 237
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 share capital, or any lower limit established by applicable legislation. The acquisition price per share may not be lower than its nominal value nor exceed by more than 10% the market price at the time of
purchase. The shares acquired may be allocated, in whole or in part, for delivery to employees or directors of BBVA or its subsidiaries, either directly or as a result of the exercise of option rights. Furthermore, BBVA’s board of directors
has been empowered to execute and implement this resolution in the broadest terms.

At the ordinary general shareholders’ meeting of
BBVA held on April 20, 2021, BBVA’s shareholders delegated to BBVA’s board of directors the authority to issue, on one or several occasions for a period of five years from the date on which this resolution was adopted, CoCos which
are intended to meet regulatory requirements for their eligibility as capital instruments, in accordance with the solvency regulations applicable from time to time, up to the maximum overall amount of €8,000,000,000 or its equivalent in any
other currency. BBVA’s board of directors is authorized to exclude preemptive rights, in whole or in part, pursuant to the applicable provisions of the Spanish Corporation Law. The board of directors’ authorization to issue CoCos expires
on April 20, 2026.

At the annual general shareholders’ meeting of BBVA held on March 15, 2024, BBVA’s shareholders
approved a reduction of BBVA’s share capital by up to 10% of BBVA’s share capital as of the date of such resolution, corresponding to 583,794,038 BBVA shares, with a nominal value of €0.49 each, subject to obtaining, where
appropriate, the corresponding regulatory authorizations. On May 24, 2024, BBVA announced the partial execution of this share capital reduction resolution, through the reduction of BBVA’s share capital by €36,580,908.35 and the consequent
redemption of 74,654,915 shares of €0.49 par value each acquired by BBVA pursuant to a share buy-back program scheme and held as treasury shares. BBVA does not intend to use any treasury shares as consideration in exchange for Banco Sabadell
shares.

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 a maximum nominal amount of €551,906,524