LONDON - Societe Generale (OTC:SCGLY), acting as the Stabilisation Coordinator, has announced the possibility of market stabilization activities related to Telefonica (NYSE:TEF) Emisiones, S.A.U.'s securities offering. The stabilization period, which began today, is expected to continue until no later than February 21, 2025.
The stabilization measures, which may include over-allotment of securities, are intended to support the market price of Telefonica Emisiones' securities post-issuance. SG CIB has been named as the Stabilisation Manager and may conduct transactions to maintain pricing levels above those that might otherwise naturally occur in the market.
Stabilization activities are a common practice following a security issuance, allowing underwriters to manage volatility and support the market price. However, there is no assurance that stabilization will occur; if initiated, it can be discontinued at any time. All activities will be in compliance with applicable laws and rules.
The details of the securities, including their aggregate nominal amount described as EUR Benchmark, have not been disclosed in terms of coupon or maturity. The announcement emphasized that this information is purely for informational purposes and should not be considered an offer to underwrite or acquire securities in any jurisdiction.
Additionally, the communication of this announcement and the offer of securities are directed only at persons outside the United Kingdom (TADAWUL:4280) or those within the UK who have professional investment experience or are high net worth individuals, as defined by the Financial Services and Markets Act 2000.
The securities in question have not been registered under the United States Securities Act of 1933 and, therefore, cannot be offered or sold within the United States absent registration or an exemption from such registration. There will be no public offering of these securities in the United States.
This notice is based on a press release statement and is intended to inform potential investors and the market about the potential stabilization actions that may be undertaken by Societe Generale in relation to Telefonica Emisiones' securities.
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