DGAP-News: Telefónica Deutschland Holding AG: Telefónica Deutschland Annual General Meeting approves EUR 744 million dividend for the 2016 fiscal year

DGAP-News: Telefónica Deutschland Holding AG / Key word(s): AGM/EGM/Dividend Telefónica Deutschland Holding AG: Telefónica Deutschland Annual General Meeting approves EUR 744 million dividend for the 2016 fiscal year 09.05.2017 / 14:25 The issuer is solely responsible for the content of this announcement.
Munich, 9 May 2017 Telefónica Deutschland Annual General Meeting approves EUR 744 million dividend for the 2016 fiscal year Today Telefónica Deutschland Holding AG successfully held its Annual General Meeting for the 2016 fiscal year at the Alte Kongresshalle in Munich. The Management Board highlighted the company's achievements in the German telecommunications market as well as its progress towards becoming the leading digital 'OnLife' telco and reiterated its outlook for the year 2017. The distribution of profits as proposed by the Management Board and Supervisory Board was approved with a majority of 99.4%. 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% of the share capital. Further information: Telefónica Deutschland Holding AG Investor Relations Georg-Brauchle-Ring 23-25 80992 München (t) +49 89 2442 1010 ir-deutschland@telefonica.com www.telefonica.de/investor-relations
09.05.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language: English Company: Telefónica Deutschland Holding AG Georg-Brauchle-Ring 23-25 80992 München Germany Phone: +49 (0)89 24 42 0 Internet: www.telefonica.de ISIN: DE000A1J5RX9 WKN: A1J5RX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange TecDAX End of News DGAP News Service
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