Banco Bilbao Vizcaya Argentaria, S.A.
("BBVA"),
in compliance with the Securities Market legislation, hereby
communicates the following:
OTHER RELEVANT INFORMATION
In relation to the voluntary tender
offer launched by BBVA for the entire share capital of Banco de
Sabadell, S.A. ("Banco
Sabadell") (the "Offer"), for which the prior
announcement was published as inside information on May 9, 2024 and
the request for authorisation was submitted to the Spanish
Securities Market Commission (CNMV) on May 24, 2024, and accepted
for processing on June 11, 2024, the following is hereby
stated:
1. In accordance with
the prior announcement of the Offer and as a consequence of the
interim dividend against the 2024 financial year results in the
amount of €0.08 per share paid by Banco Sabadell to its
shareholders today, the consideration for the Offer must be
adjusted.
Therefore, after applying the
adjustment in the terms set forth in the prior announcement, the
consideration offered by BBVA to the shareholders of Banco Sabadell
under the Offer is adjusted to one (1) newly issued ordinary share
of BBVA for each five point zero one nine six (5.0196) ordinary
shares of Banco Sabadell.
2. Additionally, BBVA
announced - by means of an inside information dated September 26,
2024 (registration number 2395) - the payment to its shareholders
on October 10, 2024 of an interim dividend against the 2024
financial year results in the amount of €0.29 per share. As a
consequence of this dividend payment by BBVA, and in accordance
with the prior announcement, the consideration for the Offer will
again need to be adjusted.
Accordingly, as of October 10, 2024
(the payment date of BBVA's interim dividend), the consideration
offered by BBVA to the shareholders of Banco Sabadell under the
Offer will be adjusted to one (1) newly issued ordinary share of
BBVA and €0.29 in cash for every five point zero one nine six
(5.0196) ordinary shares of Banco Sabadell.
These adjustments, as outlined in the
prior announcement of May 9, 2024, are intended to maintain the
economic terms of the offer equivalent, following the dividend
payments made by both entities.
Madrid, October 1, 2024
