Telefonica SA (TEF) has released an update.
Telefónica, S.A. has announced the approval of all board-proposed resolutions at its recent Annual General Shareholders’ Meeting, including the reelection of board vice-chairmen and the rejection of a shareholder’s proposal by a majority vote. Additionally, the company reported profits of 2.15 billion euros for the fiscal year 2023, with a proposed allocation of these profits primarily to voluntary reserves. The meeting also resulted in the reappointment of PricewaterhouseCoopers Auditores S.L. as the company’s statutory auditor for 2024.
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