RNS Number : 1752E
25 May 2012
TELEFONICA, S.A., as provided in article 82 of the Spanish Stock Market Law (Ley del Mercado de Valores) hereby reports the following
Pursuant to the resolution adopted by the shareholders of TELEFONICA, S.A. at their Annual General Meeting of May 14(th) , 2012, the Board of Directors has resolved to execute the capital reduction of the Company by the cancellation of own shares. The public deed of this share capital reduction has been registered in the Madrid Mercantile Registry (Registro Mercantil) on May 25(th) , 2012.
Therefore, 84,209,363 of the own shares of TELEFONICA, S.A. have been cancelled, reducing the company's share capital by the sum of 84,209,363 euros. This also means rewording Article 5 of the By-laws, relative to share capital, which now stands at 4,479,787,122 euros, made up of an equal number of ordinary shares, all of a single series and with a nominal value of one (1) euro per share, totally paid in.
Madrid, May 25(th) , 2012
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