TEF-Notice intended cancellation of listing shares

RNS Number : 9736V

Telefonica SA

12 April 2019

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

12 April 2019

TELEFÓNICA, S.A. ("Telefónica" or the "Company")

NOTICE OF INTENTION TO REQUEST VOLUNTARY CANCELLATION OF THE LISTING OF ITS ORDINARY SHARES ON THE LONDON STOCK EXCHANGE

In accordance with Listing Rule 5.2.8, the Company hereby gives notice of its intention to request the UK Financial Conduct Authority (the "FCA") to cancel the standard listing of the Company's ordinary shares (with ISIN ES0178430E18) (the "Shares") on the Official List of the FCA and to request the London Stock Exchange to cancel the admission to trading of the Shares on the main market for listed securities of the London Stock Exchange (together, the "Cancellation of London Listing").

Telefónica has decided to request the Cancellation of London Listing as the low volume of trading of the Shares on the London Stock Exchange does not justify the costs related to such listing and admission to trading.

Pursuant to Listing Rule 5.2.8, the Company is required to give at least 20 business days' notice of the intended Cancellation of Listing. Therefore, it is intended that the Cancellation of London Listing will become effective from 8.00 a.m. (London time) on 16 May 2019, such that the last day of trading of the Shares on the London Stock Exchange would be 15 May 2019.

Following the Cancellation of the London Listing, the Shares will continue to be admitted to trading on the Madrid Stock Exchange, among other markets.

Enquires

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About Telefónica

Telefónica is one of the largest telecommunications companies in the world by market capitalization and number of customers with a comprehensive offering and quality of connectivity that is delivered over world class fixed, mobile and broadband networks. As a growing company it prides itself on providing a differential experience based both on its corporate values and a public position that defends customer interests.

The Company has a significant presence in 16 countries and over 356 million accesses around the world. Telefónica has a strong presence in Europe and Latin America, where the Company focuses an important part of its growth strategy.

Telefónica is a 100% listed company and its Shares are traded on the Madrid Stock Exchange, among other markets.

 

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