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Telefonica SA Announces Updates On Telefonica Deutschland Holding A.G.'s IPO


Tuesday, 16 Oct 2012 02:18am EDT 

Telefonica SA announced that further to the communication filed on October 3, 2012 Telefónica, S.A. hereby reports that the number of shares in subsidiary Telefónica Deutschland Holding A.G. (the Company) to be offered in IPO, offer period and price range within in which investors may submit purchase orders has been determined. The commencement of offer period is subject to the prior approval of securities prospectus by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin), once approved, prospectus will be available at the Company's website. The number of shares offered to the market is 258,750,000 including the shares that the underwriters have the option to purchase under the greenshoe option, representing approximately 23.17% of Telefónica Deutschland Holding, A.G.'s share capital. Telefónica Group will remain the majority shareholder of the Company. The price range within which investors may submit purchase orders is between EUR5.25 and EUR6.50 per share, corresponding to total gross proceeds at the mid-point of the price range of EUR1,520 million (including the shares under the greenshoe option). The period in which interested investors can submit their offers to purchase shares is scheduled tomorrow, October 17, 2012 and is scheduled to end on October 29, 2012. The first day of trading of the shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange is expected to be on October 30, 2012. 

Company Quote

5.775
-0.026 -0.45%
15 Aug 2014