MADRID - Banco Bilbao (NYSE:BBVA) Vizcaya Argentaria S.A. (BBVA (BME:BBVA)) has announced the agenda for its Annual General Shareholders' Meeting, which is scheduled to be held in Bilbao on March 21, 2025. The meeting will cover a range of topics, including the approval of the financial statements for the year ended December 31, 2024, and the re-election of board members.
The shareholders will be asked to approve the annual financial statements and management reports for both BBVA and its consolidated group. Additionally, the allocation of results for the 2024 financial year is on the agenda, with a proposed dividend payment of EUR 4.03 billion.
Another key point of discussion will be the re-election of Carlos Torres Vila, Onur Genç, and Connie Hedegaard Koksbang as members of the Board of Directors for a statutory term of three years. The Board will also seek approval for a share capital reduction of up to 10% through the redemption of own shares, subject to regulatory authorizations.
The renewal of a delegation of powers to the Board of Directors regarding the execution of a share capital increase with non-monetary contributions approved in 2024 will be proposed as well. This is in addition to the approval of a maximum level of variable remuneration of up to 200% of the fixed component for certain employees.
Furthermore, Ernst & Young, S.L. is proposed to be re-elected as the statutory auditors for the financial year 2025. The meeting will conclude with a consultative vote on the Annual Report on the Remuneration of Directors for the financial year 2024.
Shareholders who are unable to attend the meeting in person will be able to participate remotely, with the company providing a Remote Attendance Portal for registration and confirmation of identity. Electronic voting and proxy submission will also be available prior to the meeting.
The announcements and proposed resolutions are available for shareholder review on BBVA's website. The meeting is expected to be held on second call, unless shareholders are notified otherwise through the press and the bank's corporate website.
This information is based on a press release statement issued by BBVA.
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