TDE.L Regulatory News (TDE)

5 Dec 2007 17:14

Telefonica SA05 December 2007 In accordance with Article 21 of Royal Decree 377/1991 of March 15th, andArticle 82 of the Spanish Stock Market Act, (Ley del Mercado de Valores),TELEFONICA, S.A. hereby reports the following SIGNIFICANT NOTICE On November 28th, 2007, the Board of Directors of TELEFONICA, S.A., inaccordance with the "Performance Share Plan 2006" authorised by the AnnualGeneral Shareholders' Meeting of the Company held on June 21st, 2006 andnotified on November 13th, 2006 resolved, subject to the report of theNominating, Compensation, and Corporate Governance Committee, to allocate theshares corresponding to the second cycle of that Plan to the Executive Directorsand Executives Officers of the Company in accordance with the attachedbreakdown. Madrid, December 5th, 2007. Communication of remuneration plans for Directors or Executive Officers granted by listed companies (CNMV Circular 4/ 2000) LIST OF DIRECTORS AND EXECUTIVE OFFICERS WHO ARE BENEFICIARIES OF THE PLAN I.- Executive Directors. First name and surname Maximum number of Percentage of share shares allotted capitalCesar Alierta Izuel 116,239 0.0024%Jose Maria Alvarez-Pallete Lopez 53,204 0.0011%Peter Erskine 151,863 0.0032%Julio Linares Lopez 57,437 0.0012%Antonio Viana-Baptista 53,204 0.0011% II.- Executive Officers. First name and surname Maximum number of Percentage of shares allotted share capital Luis Abril Perez 31,274 0.0007%Santiago Fernandez Valbuena 53,204 0.0011%Calixto Rios Perez 15,671 0.0003%Ramiro Sanchez de Lerin Garcia-Ovies 30,762 0.0006% This information is provided by RNS The company news service from the London Stock Exchange