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9 Jun 2017 15:56
TELEFĂ“NICA, S.A. (hereinafter "TelefĂłnica"), as provided in article 228 of the Spanish Stock Market Act (Ley del Mercado de Valores), hereby reports the following
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SIGNIFICANT EVENT
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Further to the Significant Event released on March 29, 2017, Telefónica, S.A. announces that, according to the shareholder remuneration policy, the Annual General Shareholders´ Meeting at its meeting held today, has agreed a dividend distribution charged to Unrestricted Reserves, by means of a payment of a fixed gross amount of 0.40 euros during 2017 payable in two tranches, for each Company share issued, in circulation and carrying entitlement to this distribution on the following dates:
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- The first payment of a gross amount of 0.20 euros in cash per share will be on June 16, 2017
- The second payment of a gross amount of 0.20 euros in cash per share will be on December 14, 2017
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Both payments shall be executed by Banco Bilbao Vizcaya Argentaria, S.A., through the participating entities in Iberclear (Sociedad de GestiĂłn de los Sistemas de Registro, CompensaciĂłn y LiquidaciĂłn de Valores, S.A.), the Spanish securities registrar, clearing and settlement company.
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The relevant dates for each of the dividend payments in the Spanish securities market will be:
JUNE Dividend | DECEMBER Dividend | |
The last trading date on which the security is traded with dividend rights (last trading date ) | June 13, 2017 | December 11, 2017 |
The date from which the security is traded on the market without dividend rights (ex date ) | June 14, 2017 | December 12, 2017 |
Date of determination of the holders to be used for payment of the dividend (record date) | June 15, 2017 | December 13, 2017 |
Date on which the dividend is paid (payment date) | June 16, 2017 | December 14, 2017 |
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Madrid, June 9, 2017
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