Banco Bilbao Vizcaya Argentaria SA BBVAs share capital reduction (0542P)
16 June 2022 - 4:00PM
UK Regulatory
TIDMBVA
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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