Telefonica SA PIP _ Cycle II (2015-2018) (7739D)
October 28 2015 - 12:49PM
UK Regulatory
TIDMTDE
RNS Number : 7739D
Telefonica SA
28 October 2015
In accordance with Article 47 of Royal Decree 1362/2007 of
October 19, and Article 82 of the Spanish Stock Market Act, (Ley
del Mercado de Valores), TELEFÓNICA, S.A. hereby discloses the
following
RELEVANT INFORMATION
In connection with the long-term incentive plan consisting in
the granting of shares of Telefónica, S.A. - called Performance
& Investment Plan ("PIP")- aimed at Telefonica Group Executives
including Executive Directors of Telefónica, S.A., and approved by
the Annual General Shareholders Meeting held on May 30, 2014, it is
informed that the Board of Directors of Telefónica, S.A., following
a relevant favorable report of the Nominating, Compensation and
Corporate Governance Committee, has approved, with regard to the
second cycle (2015-2018) of the aforementioned Plan, the amount of
theoretical shares to be assigned to the Executive Board Members
and Directors of the Company that are detailed in the Schedule
attached, and the maximum possible number of shares to be received
by them, in the event of fulfillment of the Co-investment
requirement and of maximum achievement of the Total Shareholder
Return (TSR) established on the aforementioned Plan.
The number of theoretical shares assigned to this second cycle
(2015-2018) is the same as the one assigned in the first cycle
(2014-2017) at this time last year.
Madrid, October 28, 2015.
SCHEDULE I
List of Directors and Executives who are Beneficiaries of
the
Performance & Investment Plan
(Second cycle / 2015-2018)
First name and Theoretical % Maximum %
surname shares assigned Share Number Share
(without Capital of Shares Capital
co-investment) *
---------------------------- ----------------- --------- ----------- ---------
Mr. César
Alierta Izuel 324,000 0.006 506,250 0.010
---------------------------- ----------------- --------- ----------- ---------
Mr. José María
Álvarez-Pallete
López 192,000 0.003 300,000 0.006
---------------------------- ----------------- --------- ----------- ---------
Mr. Ángel
Vilá Boix 120,000 0.002 187,500 0.003
---------------------------- ----------------- --------- ----------- ---------
Mr. Guillermo
Ansaldo Lutz 104,000 0.002 162,500 0.003
---------------------------- ----------------- --------- ----------- ---------
Mr. Ramiro Sánchez
de Lerín
García-Ovies 60,000 0.001 93,750 0.001
---------------------------- ----------------- --------- ----------- ---------
Mr. Eduardo Navarro
de Carvalho 60,000 0.001 93,750 0.001
---------------------------- ----------------- --------- ----------- ---------
* Maximum number of shares to receive in case of fulfillment of
the co-investment requirement and of maximum achievement of the TSR
objective.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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