REG - Telefonica Europe - Redemption following a Substantial Purchase Event

Telefonica SAAnnouncement

19/03/2019 09:15

RNS Number : 2864T
Telefonica Europe B.V.
19 March 2019
 


Telefónica Europe B.V.
EUR 850,000,000 Undated 5 Year Non-Call Deeply Subordinated Guaranteed Fixed Rate Reset Securities (of which EUR 118,300,000 in aggregate principal amount is currently outstanding) (the "Securities")
(ISIN: XS1148359356)
unconditionally and irrevocably guaranteed on a subordinated basis by Telefónica, S.A.
 
Redemption following a Substantial Purchase Event
Telefónica Europe B.V. (the "Issuer") hereby announces that, on 7 May 2019, it will exercise its Issuer call option pursuant to Condition 6(f) (Redemption and Purchase - Redemption following a Substantial Purchase Event) of the Securities and redeem all of the outstanding Securities.
Following the purchase by the Issuer of EUR 586,500,000 in aggregate principal amount of the Securities on 15 March 2019, EUR 118,300,000 in aggregate principal amount of the Securities remain outstanding as at the date of this announcement (which constitutes 13.92 per cent. of the aggregate principal amount of the Securities originally issued). 
The outstanding Securities will be redeemed, in whole, at their aggregate principal amount together with any accrued interest. 
Following such redemption, a request will be made for the cancellation of the listing of the Securities on the (i) Official List of the United Kingdom Listing Authority and the admission to trading of the Securities on the London Stock Exchange, respectively, and (ii) the Official List and admission to trading of the Securities on the regulated market of The Irish Stock Exchange plc, trading as Euronext Dublin.
Terms used in this Notice, but not defined herein, shall have the meaning given to such terms in the terms and conditions of the Securities.
This announcement contains inside information for the purposes of the EU Market Abuse Regulation (EU) 596/2014. In accordance with the above and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Carlos David Maroto Sobrado and Maria Christina van der Sluijs-Plantz of Telefónica Europe B.V.
Date: 19 March 2019
 
Telefónica Europe B.V.
 




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