Telefonica SA Dividend Declaration (7224H)

TIDMTDE

RNS Number : 7224H

Telefonica SA

09 June 2017

TELEFÓNICA, S.A. (hereinafter "Telefónica"), as provided in article 228 of the Spanish Stock Market Act (Ley del Mercado de Valores), hereby reports the following

SIGNIFICANT EVENT

Further to the Significant Event released on March 29, 2017, Telefónica, S.A. announces that, according to the shareholder remuneration policy, the Annual General Shareholders' Meeting at its meeting held today, has agreed a dividend distribution charged to Unrestricted Reserves, by means of a payment of a fixed gross amount of 0.40 euros during 2017 payable in two tranches, for each Company share issued, in circulation and carrying entitlement to this distribution on the following dates:

   -     The first payment of a gross amount of 0.20 euros in cash per share will be on June 16, 2017

- The second payment of a gross amount of 0.20 euros in cash per share will be on December 14, 2017

Both payments shall be executed 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 securities registrar, clearing and settlement company.

The relevant dates for each of the dividend payments in the Spanish securities market will be:

 
                                  JUNE        DECEMBER 
                                 Dividend      Dividend 
---------------------------  --------------  ---------- 
 The last trading date        June 13, 2017   December 
  on which the security                        11, 2017 
  is traded with dividend 
  rights 
  (last trading date 
  ) 
---------------------------  --------------  ---------- 
 The date from which          June 14, 2017   December 
  the security is traded                       12, 2017 
  on the market without 
  dividend rights 
  (ex date ) 
---------------------------  --------------  ---------- 
 Date of determination        June 15, 2017   December 
  of the holders to be                         13, 2017 
  used for payment of 
  the dividend 
  (record date) 
---------------------------  --------------  ---------- 
 Date on which the dividend   June 16, 2017   December 
  is paid                                      14, 2017 
  (payment date) 
---------------------------  --------------  ----------

Madrid, June 9, 2017

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 09, 2017 10:56 ET (14:56 GMT)

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