REG - Banco Bil.Viz.Argent - BBVAs share capital reduction

Banco Bilbao Vizcaya Argentaria SAAnnouncement

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RNS Number : 9322Y  Banco Bilbao Vizcaya Argentaria SA  31 March 2026

Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA" or the "Company"), in compliance
with the securities market legislation, hereby communicates the following:

 

OTHER RELEVANT INFORMATION

 

Notice is hereby given of the partial execution of the share capital reduction
resolution adopted by the Ordinary General Shareholders' Meeting of BBVA held
on 20 March 2026, under agenda item five, through the reduction of BBVA's
share capital in a nominal amount of 36,732,017.98 euros, by means of the
cancellation of 74,963,302 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 tranche of the program scheme for the
repurchase of own shares, which were communicated by means of inside
information dated 19 December 2025 (registration number 3,046). The completion
of the first tranche of the program scheme for the repurchase of own shares
was communicated by BBVA as other relevant information on 6 March 2026
(registration number 39,596).

 

Following the cancellation of the 74,963,302 own shares with a par value of
36,732,017.98 euros, BBVA's share capital has been set at 2,760,662,645.02
euros, represented by 5,634,005,398 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, 31 March 2026

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