Telefonica SA (TEF) has released an update.
Telefonica SA has announced a reduction in share capital by 80,296,591 euros, achieved through the cancellation of an equivalent number of treasury shares. The move, which doesn’t affect shareholder contributions, aligns with the Spanish Companies Act and involves updating the company’s bylaws and regulatory registrations. This strategic financial adjustment is set to streamline Telefónica’s capital structure and will be reflected in official publications and the company website shortly.
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