Telefonica SA TEF - Announcement Reduction in Share Capital (1312L)
29 September 2016 - 1:57AM
UK Regulatory
TIDMTDE
RNS Number : 1312L
Telefonica SA
28 September 2016
TELEFÓNICA, S.A. as provided in article 228 of the Spanish
Securities Market Act (Ley del Mercado de Valores), hereby reports
the following
SIGNIFICANT EVENT
As far as the resolution of a reduction in share capital adopted
by the Annual General Shareholders' Meeting of TELEFÓNICA, S.A.,
held on May 12, 2016, (cancellation of shares of the Company's own
stock, subject to effective receipt of the proceeds from the
closing of the sale of Telefónica's operations in O2 UK), the Board
of Directors of the Company has decided, at its meeting held today,
to waive the condition precedent established by said resolution,
and consequently, proceed to carry out the corresponding share
capital reduction, by means of the cancellation of 74,627,988
shares of the Company's own stock, which represent, approximately,
1.5% of the Company's current share capital.
In the following days, the appropriate requirements for said
execution will be carried out, and such execution will be announced
through the corresponding significant event.
Madrid, September 28, 2016
This information is provided by RNS
The company news service from the London Stock Exchange
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September 28, 2016 11:57 ET (15:57 GMT)
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