TDE.L Regulatory News (TDE)

26 Sep 2007 13:42

Telefonica SA26 September 2007 Telefonica S.A., as provided in article 82 of the Spanish Stock Market Act (Leydel Mercado de Valores), hereby reports the following SIGNIFICANT EVENT The Board of Directors of TELEFONICA, S.A., at its meeting heldtoday, has approved to distribute an interim dividend from 2007 net income, of afixed gross amount of 0.35 euros for each outstanding share with the right toreceive dividends of the Company. The payment of this dividend shall be executed on November 14th,2007 through the participating entities in Iberclear (Sociedad de Gestion de losSistemas de Registro, Compensacion y Liquidacion de Valores, S.A.), the Spanishentity in charge of registration, clearing and settlement of securities. Taxwithholding shall be made on gross amounts as required by applicablelegislation. Likewise, it is the Board's intention to propose to the nextAnnual General Shareholders' Meeting, to be held in 2008, the payment of a finaldividend of 0.40 euros per share, so that the total shareholder remuneration forfiscal year 2007 will amount to 0.75 euros. Madrid, September 26th, 2007 This information is provided by RNS The company news service from the London Stock Exchange