Telefonica SA Demerger of Telco (4840Q)
June 17 2015 - 11:55AM
UK Regulatory
TIDMTDE
RNS Number : 4840Q
Telefonica SA
17 June 2015
TELEFÓNICA S.A., pursuant to article 82 of the Spanish
Securities Market Act (Ley del Mercado de Valores), hereby reports
the following
SIGNIFICANT EVENT
Telefónica informs that the Telco deed of demerger was executed
today, and will become effective from the date when the deed is
registered in the companies' register.
When such registration is fulfilled, the Telecom Italia ordinary
shares held by Telco, S.p.A. - equal to 22.3% of the company's
ordinary share capital - will be allocated as follows: 14.72% to
the newco owned by Telefónica which shall be called Telco TE,
S.p.A., 4.31% to the newco owned by the Generali group, and 1.64%
to each of the newcos owned by Intesa Sanpaolo and Mediobanca
respectively. Moreover, the shareholders' agreement in force
between the shareholders in Telco, S.p.A. shall cease to have
effect.
Madrid, June 17, 2015.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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