MADRID (AFX) - Telefonica SA holds 1.77 pct of its own treasury stock after buying 59.7 mln of its own shares, according to a filing with stock market regulator CNMV lodged on Nov 4.
Telefonica's treasury stock held by the company reached nearly 5 pct at the beginning of this year, but most of the shares were retired in August as part of the company's shareholder remuneration plan.
Telefonica is targeting 6 bln eur for share buybacks until 2006.
afxmadrid@afxnews.com
tr/joy
COPYRIGHT
Copyright AFX News Limited 2005. All rights reserved.
The copying, republication or redistribution of AFX News content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
AFX News and the AFX Financial News logo are registered trademarks of AFX News Limited
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
Telefonica's treasury stock held by the company reached nearly 5 pct at the beginning of this year, but most of the shares were retired in August as part of the company's shareholder remuneration plan.
Telefonica is targeting 6 bln eur for share buybacks until 2006.
afxmadrid@afxnews.com
tr/joy
COPYRIGHT
Copyright AFX News Limited 2005. All rights reserved.
The copying, republication or redistribution of AFX News content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
AFX News and the AFX Financial News logo are registered trademarks of AFX News Limited
For more information and to contact AFX: www.afxnews.com and www.afxpress.com