Telefonica SA TEF - Scrip Dividend + Informative Document (0049P)

TIDMTDE

RNS Number : 0049P

Telefonica SA

11 November 2016

TELEFÓNICA S.A., 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 Significant Event filed on October 27, 2016, Telefónica, S.A. informs that the Executive Commission, at its meeting held today, has agreed the implementation of a capital increase related to the shareholder compensation by means of a scrip dividend ("Telefónica's Flexible Dividend"), approved by the Annual General Shareholders' Meeting, held on May 12, 2016 under section VIII.2 of its agenda.

It is hereby enclosed the Informative Document referred to the capital increase with charge to unrestricted reserves. This document has been prepared in accordance with the provision of section 26.1.e) of Royal Decree 1310/2005 of 4 November.

http://www.rns-pdf.londonstockexchange.com/rns/0049P_-2016-11-11.pdf

Madrid, November 11, 2016.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 11, 2016 07:44 ET (12:44 GMT)