Lima, 13 de noviembre de 2015 Señores Registro Público del

Lima, 13 de noviembre de 2015
Señores
Registro Público del Mercado de Valores
Superintendencia del Mercado de Valores
Presente.De nuestra consideración:
De conformidad con lo establecido en la Ley del Mercado de Valores y en el Reglamento
de Hechos de Importancia e Información Reservada, y con relación a los acuerdos
societarios adoptados por Telefónica, S.A. el día de hoy para llevar a cabo la ejecución del
aumento de capital liberado, relativo a la retribución del accionista mediante scrip dividend,
cumplimos con remitir el Updated Scrip Dividend Announcement registrado en la New
York Stock Exchange (NYSE) en la fecha.
Cabe mencionar que se ha establecido el 17 de noviembre de 2015 como Record Date para
los tenedores de ADRs, si bien mayor información respecto del pago del scrip dividend
será suministrada en los próximos días.
Sin otro particular, quedamos de ustedes.
Juan Ramón Balcells Olivero
Representante Bursátil
Telefónica, S.A.
***Updated Scrip Dividend Announcement
13-Nov-15
11:41 AM
To:
New York Stock Exchange
20 Broad St. 8th Floor
New York, NY 10
Please be advised of the following dividend information:
X
Approximate
Final
DR Program:
TELEFONICA S.A.
CUSIP:
879382208
ISIN:
US8793822086
Ticker:
Country:
TEF
Spain
Ratio (ORD:ADR):
1:1
Type of Distribution:
Optional Cash/Stock
Ordinary Record Date:
17-Nov-15
ADR Record Date:
17-Nov-15
ADR Payment Date:
TBA
The Executive Commission of Telefonica, S.A., has adopted on November 13, 2015, appropriate
corporate resolutions related to a scrip dividend (approved by shareholders at the 2015 Annual
Shareholders' Meeting), which will be available to holders of Telefonica ADSs. As a result, ADS
holders will have the opportunity to decide whether they prefer to receive the scrip dividend in cash or
newly issued ADSs.
Shareholders will receive one free right for every share held on the Record Date.
No rights will be issued or distributed to beneficial owners of ADSs.
At the request of Telefonica, S.A, the Depositary has implemented a process that enables the ADS
holders to instruct the Depositary to act with respect to the rights corresponding to the shares
underlying their ADSs according to one of three options. Partial elections are not permitted.
Option 1 Stock:
You may elect to receive newly issued Telefonica, S.A., ADSs
at the Conversion Ratio of 34 rights per new Telefonica ADS.
Cash‐in‐Lieu rate will be announced upon sale of fractional shares.
This option is not subject to the 19.50% Spanish withholding tax.
Please refer to DTC Important Notice for the CA Web Instruction.
THIS IS THE DEFAULT OPTION.
Stock Rate:
2.9411764700%
Stock Dividend Fee per Record Date share held $:
0.025
Payment Date:
TBA
Cash-in-Lieu Rate $
TBA
Cash-in-Lieu Payment date:
TBA