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TMCNet:  DGAP-News: Telefónica Deutschland Holding AG: Telefónica Deutschland's shareholders authorized capital measures for E-Plus acquisition process at EGM

[February 11, 2014]

DGAP-News: Telefónica Deutschland Holding AG: Telefónica Deutschland's shareholders authorized capital measures for E-Plus acquisition process at EGM

(DGAP Corporate News Via Acquire Media NewsEdge) DGAP-News: Telefónica Deutschland Holding AG / Key word(s): AGM/EGM Telefónica Deutschland Holding AG: Telefónica Deutschland's shareholders authorized capital measures for E-Plus acquisition process at EGM 11.02.2014 / 15:43 --------------------------------------------------------------------- 11 February 2014 Telefónica Deutschland's shareholders authorized capital measures for E-Plus acquisition at EGM - Approval for cash capital increase with subscription rights for the shareholders by up to 3.7 billion Euro with 99.99 percent - Authorized capital for capital increase by contribution in kind by up to 475 million Euro approved by 99.98 percent MUNICH. The extraordinary general shareholders' meeting (EGM) of Telefónica Deutschland Holding AG ('Telefónica Deutschland') today approved the capital measures related to the acquisition of E-Plus and resolved a conditional capital.


At the extraordinary general shareholders' meeting 89.37 percent of the total share capital were present during voting and 89.2 percent of the share capital with valid votes. The increase of the share capital against cash contribution with subscription rights for the shareholders by up to 3.7 billion Euro as well as the related amendment of the articles of association had an approval rating of 99.99 percent. The extraordinary general shareholders' meeting also approved the authorization of the Management Board for a capital increase by contribution in kind by up to 475 million Euro and the related amendment of the articles of association with a majority of 99.98 percent.

Additionally, the extraordinary general shareholders' meeting resolved a conditional capital with a voting of 87.35 percent.

'We are delighted that our shareholders support the capital measures for our plans to acquire E-Plus. The approval by the extraordinary general meeting was an important milestone for us. We remain confident that we will get regulatory clearance by the European Commission and can continue our way to a leading, digital telecommunications company in Germany', says Markus Haas, Chief Strategy Officer of Telefónica Deutschland. 'The acquisition of E-Plus offers significant synergies and value creation potentials which we want to materialize. We invest into future growth while at the same time improving our financial flexibility, generating sustainable values for our shareholders and offer even more attractive products to our customers', Rachel Empey, Chief Financial Officer of Telefónica Deutschland, adds.

Telefónica Deutschland announced in July 2013 the conclusion of an agreement to acquire E-Plus. In October the extraordinary general meeting of Koninklijke KPN N.V. (KPN) approved the planned transaction, which now also has the support for the financing by shareholders of Telefónica Deutschland. The transaction is subject to merger approval by the European Commission and is expected to be closed by mid 2014.

More Information: Telefónica Deutschland Investor Relations Georg-Brauchle-Ring 23-25 D-80992 München t +49 (0)89 2442-1010 f +49 (0)89 2442-2000 e ir-deutschland@telefonica.com End of Corporate News --------------------------------------------------------------------- 11.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and 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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart TecDAX End of News DGAP News-Service --------------------------------------------------------------------- 252085 11.02.2014

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