
Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA” or the
“Company”), in compliance with the Securities Market
legislation, hereby communicates the following:
OTHER RELEVANT INFORMATION
In addition to the partial execution of the share capital reduction
resolution adopted by the Ordinary General Shareholders’ Meeting of
BBVA held on 18 March 2022, under item seven of its agenda,
which was communicated as other relevant information on
15 June 2022, notice is hereby given of an additional partial
execution of the share capital reduction resolution mentioned above
through the reduction of BBVA’s share capital in a nominal amount
of 174,710,139.94 euros, and the consequent cancellation of
356,551,306 own shares of 0.49 euros par value each held by the
Company as treasury shares.
The own shares subject to the cancellation were acquired
derivatively by the Company in execution of the first and second
segment of the second tranche of the program scheme for the
repurchase of own shares, which was the subject of the inside
information communication dated 3 February 2022. The
completion of the first and second segments of the second tranche
of the program scheme for the repurchase of own shares was
communicated by BBVA as other relevant information on 16 May
2022 and 19 August 2022, respectively.
Following the cancellation of the 356,551,306 own shares with a par
value of 174,710,139.94 euros, BBVA’s share capital has been set at
2,954,757,116.36 euros, represented by 6, 030,116,564 shares with a
par value of 0.49 euros each.
This capital reduction does not entail the return of contributions,
since the Company itself is the owner of the redeemed shares, and
is charged to unrestricted reserves, through the allocation of the
reserve for redeemed capital for an amount equal to the par value
of the redeemed shares, which can only be used under the same
conditions as those required for the reduction of the share
capital, in application of the provisions of Article 335 c) of the
Spanish Companies Act. Consequently, the Company’s creditors will
not have the right of opposition referred to in Article 334 of the
Spanish Companies Act.
Likewise, notice is hereby given that BBVA will request the
delisting of the redeemed shares from the relevant Stock Exchanges
and the cancellation of the redeemed shares in the accounting
records of “Sociedad de Gestión de los Sistemas de Registro,
Compensación y Liquidación de Valores, S.A.” (Sociedad Unipersonal)
(IBERCLEAR).
Madrid, 30 September 2022