Replacement Dividend Distribution

RNS Number : 0012F

Telefonica SA

15 April 2011

 



The following amendment has been made to the Dividend distribution announcement released on April 15, under RNS No 9833.

In last paragraph it is stated now "to be paid in the second half of 2011"  instead of "to be paid in the second half of 2010" that was not correct.

All other details remain unchanged. The full amended text is shown below.

              TELEFÓNICA, S.A, as provided in article 82 of the Spanish Stock Market Act (Ley del Mercado de Valores), hereby reports the following

 

SIGNIFICANT EVENT

              The Board of Directors of TELEFÓNICA, S.A.  has approved to distribute an interim dividend from 2011 net income, of a gross amount of 0.75 euros for each Company share issued, in circulation, and carrying entitlement to this dividend.

              The payment of this dividend shall be executed on May 6^th, 2011 (Record Date: Thursday May 5^th, 2011) by Banco Bilbao Vizcaya Argentaria, S.A., through the participating entities in Iberclear (Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.), the Spanish entity in charge of registration, clearing and settlement of securities. Tax withholding shall be made on gross amounts as required by applicable legislation.

              Additionally the Board of Directors will submit for approval of the Annual General Shareholders Meeting the distribution of a dividend with a charge to unrestricted reserves and to be paid in the second half of 2011, of a gross amount of 0.77 euros for each Company share issued, in circulation, and carrying entitlement to this dividend.

              Madrid, April 15^th, 2011

 

END

 

 

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