# EDGAR Filing Document

**Accession Number:** 0000814052
**File Stem:** 0000814052-23-000047
**Filing Date:** 2023-3
**Character Count:** 5124
**Document Hash:** a67363f83a5a3fe73543f590c185e4ee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000814052-23-000047.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0000814052-23-000047

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230331

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TELEFONICA S A
- **CENTRAL INDEX KEY:** 0000814052
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** U3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-09531
- **FILM NUMBER:** 23784080

**BUSINESS ADDRESS:**
- **STREET 1:** GRAN VIA 28
- **CITY:** 28013 MADRID
- **STATE:** U3
- **ZIP:** 00000
- **BUSINESS PHONE:** 00 34 91 584 0640

**MAIL ADDRESS:**
- **STREET 1:** GRAN VIA 28
- **CITY:** 28013 MADRID
- **STATE:** U3
- **ZIP:** 00000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONAL TELEPHONE COMPANY OF SPAIN
- **DATE OF NAME CHANGE:** 19880708

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934**

For the month of March, 2023

Commission File Number: 001-09531

**Telefónica, S.A.**

(Translation of registrant's name into English)

**Distrito Telefónica, Ronda de la Comunicación s/n, 28050 Madrid, Spain**

**+34 91-482 87 00**

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F <u>X</u> Form 40-F 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes  No <u>X</u>

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes  No <u>X</u>

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**Telefónica, S.A.**

**TABLE OF CONTENTS**

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| | | |
|:---|:---|:---|
| **Item** | | **Sequential Page Number** |
| 1. | <br>Telefónica: 2023 Share capital reduction  | 2 |

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![image_0.jpg](image_0.jpg)

TELEFÓNICA, S.A., in compliance with the Securities Market legislation, hereby communicates the following

**OTHER RELEVANT INFORMATION**

The Board of Directors of TELEFÓNICA, S.A. at its meeting held today, has resolved to carry out the implementation of the share capital reduction through the cancellation of own shares approved by the Annual General Shareholders' Meeting held today under item IV of its Agenda.

The share capital of TELEFÓNICA, S.A. has been reduced in the amount of 24,779,409 euros, through the cancellation of 24,779,409 own shares of the Company currently held as treasury stock, with a nominal value of one euro each. The share capital of the Company resulting from de reduction has been set at 5,750,458,145 euros corresponding to 5,750,458,145 shares with a nominal value of one euro each.

The reduction does not entail the return of contributions to the shareholders since the Company is the owner of the cancelled shares. The reduction has been carried out with a charge to unrestricted reserves, through the provision of a reserve for cancelled share capital in an amount equal to the nominal value of the cancelled shares (i.e. for an amount of 24,779,409 euros), which may only be used in compliance with the same requirements as those established for the reduction of share capital, by application of the provisions of section 335. c) of the Spanish Companies Act. Accordingly, as laid down in such section, the creditors of the Company do not have the right to oppose the reduction mentioned in section 334 of the Spanish Companies Act in connection with the share capital reduction.

The announcements of the reduction of share capital will be published in the Official Companies Registry Gazette (*Boletín Oficial del Registro Mercantil*) and in the Company's corporate website (www.telefonica.com) at the beginning of April 2023.

Thereafter, the public deed regarding the reduction of share capital and the amendment of the Bylaws will be granted and registered with the Mercantile Registry of Madrid, and the Company will request the exclusion from the accounting register of *Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.* and from official trading on the securities markets.

Madrid, March 31, 2023

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | | | | |
|:---|:---|:---|:---|:---|
| | | **Telefónica, S.A.** | **Telefónica, S.A.** | **Telefónica, S.A.** |
| Date: | March 31, 2023 | By: | /s/ Pablo de Carvajal González | /s/ Pablo de Carvajal González |
|  |  |  | Name: | Pablo de Carvajal González |
|  |  |  | Title: | Secretary to the Board of Directors |

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