REG - Telefonica SA - TEF - Scrip Dividend Results <Origin Href="QuoteRef">TEF.MC</Origin>

Telefonica SAAnnouncement

01/12/2016 17:00

RNS Number : 7548Q
Telefonica SA
01 December 2016
 TELEFNICA S.A., as provided in article 228 of the Spanish Stock Market Act (Ley del Mercado de Valores), hereby reports the following
SIGNIFICANT EVENT
Following the Significant Event submitted on November 11, 2016, the Company informs that on November 29, 2016, the free-of-charge allotment rights trading period for the free-of-charge capital increase related to the shareholder compensation by means of a scrip dividend ("Telefnica's Flexible Dividend"), ended.
The shareholders of 29.99% of the free-of-charge allotment rights have accepted the purchase commitment assumed by Telefnica, S.A. The gross amount to be paid by Telefnica, S.A. for these rights amounts to 499,707,062.36 euros. The company has waived the rights thus acquired, that have been amortized.
On the other hand, the shareholders of 70.01% of the free-of-charge allotment rights have opted to receive new shares of Telefnica S.A. Therefore, the final number of ordinary shares with a nominal value of one (1) euro issued in the capital increase is 137,233,781, corresponding to 2.8% of the share capital, being the amount of the capital increase 137,233,781 euros. As a result, the amount of the share capital of Telefnica, S.A. after the capital increase has been set at 5,037,804,990 euros, divided into 5,037,804,990 shares.
Also, it is expected that the new shares will be admitted to listing on the four Spanish Stock Exchanges and will be traded on the Spanish Automated Quotation System (Sistema de Interconexin Burstil Espaol) next, December 13, 2016 so that the ordinary trading of the new shares in Spain will begin on, December 14, 2016. The admission to listing of the new shares on the different foreign Stock Exchanges where Telefnica, S.A. is listed will also be requested.
Madrid, December 1, 2016.

This information is provided by RNS
The company news service from the London Stock Exchange
  END
DIVUAVNRNSAURAA