Telefonica SA TEF-Maturity of convertible bonds (3591R)
21 September 2017 - 4:00PM
UK Regulatory
TIDMTDE
RNS Number : 3591R
Telefonica SA
20 September 2017
TELEFÓNICA, S.A. ("Telefónica"), as provided in article 228 of
the Spanish Stock Market Act (Ley del Mercado de Valores), hereby
reports the following
SIGNIFICANT EVENT
In relation to the bonds mandatorily convertible into shares of
Telefónica, S.A. that were issued by its wholly-owned subsidiary
Telefónica Participaciones, S.A.U. on September 24, 2014,
guaranteed by Telefónica (the "Bonds"), and which were referred to
in the Significant Events of September 10, 2014 and of September
11, 2014, Telefónica announces that, in order to attend the
mandatory conversion of the totality of the Bonds on their maturity
date on September 25, 2017, and given the resulting conversion
price of EUR 9.7174 per share:
-- It has issued 154,326,696 new shares (the "New Shares"),
representing 2.9723% of its share capital following the capital
increase, and
-- It will deliver 14,973 existing shares held as treasury stock.
As a result of the conversion and the aforementioned capital
increase, Telefónica's share capital is set at 5,192,131,686 euros,
divided into 5,192,131,686 ordinary shares of the same class and
series, with a nominal value of 1 euro, and the Bonds will be fully
amortized.
The public deed of conversion of obligations, capital increase
and amortization of obligations has been registered with the
Mercantile Registry of Madrid today.
It is expected that the New Shares will be admitted to trading
on the four Spanish Stock Exchanges and will be tradable through
the Spanish Automated Quotation System (Sistema de Interconexión
Bursátil Español) on September 25, 2017. The admission to trading
of the New Shares in the remaining foreign Stock Exchanges where
Telefónica is listed will also be requested.
Madrid, September 20, 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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