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

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RNS Number : 0542P  Banco Bilbao Vizcaya Argentaria SA  15 June 2022

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 18 March 2022, under item seven of its agenda, through the reduction of
BBVA's share capital in a nominal amount of 137,797,167.90 euros, and the
consequent redemption of 281,218,710 own shares of 0.49 euros par value each
held by the Company as treasury shares.

 

The own shares subject to the redemption were acquired derivatively by the
Company in execution of the first tranche of the program scheme for the
repurchase of own shares, which was the subject of the inside information
communication dated 29 October 2021 (registration number 1,127) and whose
completion was communicated by BBVA as other relevant information on 3 March
2022 (registration number 14,816).

 

Following the effective redemption of the 281,218,710 own shares with a par
value of 137,797,167.90 euros, BBVA's share capital will be set at
3,129,467,256.30 euros, represented by 6,386,667,870 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, 15 June 2022

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