Lima, 9 de noviembre de 2015 Señores Registro Público del

Lima, 9 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 el artículo 28° de la Ley del Mercado de Valores y en el
Reglamento de Hechos de Importancia e Información Reservada cumplimos con informar el
anuncio preliminar de Telefónica, S.A. respecto del pago un scrip dividend. AL efecto, se ha la
New York Stock Exchange (NYSE) ha establecido el 17 de noviembre de 2015 como Record
Date para los tenedores de ADRs. Mayor información respecto del pago del scrip dividend será
suministrada en los próximos días.
Sin otro particular,
Juan Ramón Balcells Olivero
Representante Bursátil
Telefónica, S.A.
Scrip Dividend Announcement
06-Nov-15
To:
New York Stock Exchange
20 Broad St. 8th Floor
New York, NY 10005
Please be advised of the following dividend information:
Approximate
Final
DR Program:
2:31 PM
X
TELEFONICA S.A.
CUSIP:
ISIN:
Ticker:
Country:
Ratio (ORD:ADR):
Type of Distribution:
Ordinary Record Date:
ADR Record Date:
Ordinary Payment Date:
879382208
US8793822086
TEF
Spain
1:1
Optional Cash/Stock
17-Nov-15
17-Nov-15
TBA
Telefonica, S.A. will pay a scrip dividend subject to the adoption by the Executive Commission on
November 13, 2015, of appropriate corporate resolutions whereby shareholders will elect to
receive remuneration equivalent to approximately EUR 0.35 in cash or stock (equivalent to USD 0.376075).
Pursuant to the scrip dividend, 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.
The definitive Fixed Price and Conversion Ratio will be calculated in accordance with the formulas
approved by shareholders at the 2015 Annual Shareholders’ Meeting, and will be announced by
Telefonica, S.A., promptly following the meeting of the Executive Commission on November 13, 2015.
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.
You may elect to receive newly issued Telefonica,
Option 1 Stock:
S.A., ADSs at the Conversion Ratio.
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 EDS option.
THIS IS THE DEFAULT OPTION.
Stock Rate:
Stock Dividend Fee per Record Date share held $:
Payment Date:
Cash-in-Lieu Rate $
Cash-in-Lieu Payment date:
TBA
0.025
TBA
TBA
TBA