Telefónica Holds 96.85 Percent of Its Deutschland Subsidiary Shares

Following the end of the public delisting acquisition offer for Telefónica Deutschland, Telefónica holds approximately 96.85% of the shares in its German subsidiary. The public delisting acquisition offer was made for all shares in Telefónica Deutschland not yet directly held by the Bidder.

The total number of shares for which the delisting offer was accepted, along with the number of shares acquired from the announcement of the delisting offer until the close of the last trading day of the acceptance period, collectively amount to 74,338,954 shares, representing approximately 2.50% of the company's capital and voting rights, for a total consideration of approximately €175 million, funded entirely with cash.

The Bidder expects the settlement of the Delisting Offer and the payment of the offer price to occur on 29 April 2024. The trading of Telefónica Deutschland Shares on the Frankfurt Stock Exchange regulated market ceased on 18 April after the delisting became effective.