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29 Dec 2009 07:30
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TELEFΓNICA,Β S.A., as provided in article 82 of the Spanish Stock Market Law (Ley del Mercado de Valores) hereby reports the following
SIGNIFICANT EVENT
Pursuant to the resolution adopted by the shareholders of TELEFΓNICA, S.A. at their Annual General Meeting ofΒ JuneΒ 23rdΒ , 2009, the Board of DirectorsΒ hasΒ resolved to execute the capital reductionΒ of the CompanyΒ by the cancellation of own shares.Β The public deed of this share capital reduction has been registered in the Madrid Mercantile Registry (Registro Mercantil) onΒ December 28th, 2009.
Therefore,Β 141,000,000Β of the own shares ofΒ TELEFΓNICA,Β S.A.Β have been cancelled, reducing the company's shareΒ capital by the sum ofΒ 141,000,000Β euros. This also means rewording Article 5 of the By-laws, relative to share capital, which now stands at 4,563,996,485 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.Β
Madrid,Β December 28th, 2009
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