The distribution of profits as proposed by the Management Board and Supervisory Board was resolved with a majority of 99,4 percent of share capital present. For the financial year 2016 Telefónica Deutschland Holding AG will pay a cash dividend of EUR 0.25 per share, or EUR 744 million in total, to its shareholders. This represents an increase of 4.2 percent versus the previous year. In addition, shareholders approved the resolution to discharge the members of the Management Board and the Supervisory Board for the fiscal year 2016, as well as the appointment of PricewaterhouseCoopers as new auditors, with a large majority. The shareholders also approved the re-election of all eight shareholder representatives of the Supervisory Board. The re-elected representatives were as follows: Eva Castillo Sanz, Ángel Vilá Boix, Laura Abasolo García de Baquedano, Peter Erskine, Patricia Cobián González, Michael Hoffmann, Enrique Medina Malo and Sally Anne Ashford. The participation rate at the Annual General Meeting was approximately 95 percent of the share capital.

Telefónica Deutschland Holding AG published this content on 09 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 May 2017 12:55:23 UTC.

Original documenthttps://www.telefonica.de/press/press-releases/news/6037/telefonica-deutschland-annual-general-meeting-dividend-of-eur-744-million-for-the-2016-fiscal-year.html

Public permalinkhttp://www.publicnow.com/view/BC664CE7A5901EA51659BA2BE6F35F1D3C41D34A