<SEC-DOCUMENT>0000814052-23-000099.txt : 20231205
<SEC-HEADER>0000814052-23-000099.hdr.sgml : 20231205
<ACCEPTANCE-DATETIME>20231205070147
ACCESSION NUMBER:		0000814052-23-000099
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20231205
FILED AS OF DATE:		20231205
DATE AS OF CHANGE:		20231205

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:		231465192

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6ktenderoffertdapproved.htm
<DESCRIPTION>6-K
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2023 Workiva -->
<title>Document</title></head><body><div id="i54135255f885473b84654c277b15eff8_1"></div><div style="min-height:54pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:100%">UNITED STATES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:100%">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:100%">Washington, D.C. 20549</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:100%">Form 6-K</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">For the month of December, 2023</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Commission File Number&#58; 001-09531</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:100%">Telef&#243;nica, S.A.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Translation of registrant's name into English)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Distrito Telef&#243;nica, Ronda de la Comunicaci&#243;n s&#47;n,</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">28050 Madrid, Spain</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">+34 91-482 87 00</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Address of principal executive offices)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F&#58;</font></div><div style="padding-left:106.2pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.647%"><tr><td style="width:1.0%"></td><td style="width:27.052%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.442%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.052%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.978%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Form 20-F</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline"> </font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">X</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Form 40-F</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline"> </font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">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)&#58; </font></div><div style="padding-left:106.2pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.647%"><tr><td style="width:1.0%"></td><td style="width:27.052%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.442%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.052%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.978%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Yes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline"> </font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">No</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">X</font></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">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)&#58; </font></div><div style="padding-left:106.2pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:54.647%"><tr><td style="width:1.0%"></td><td style="width:27.052%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.442%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.052%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.978%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Yes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline"> </font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">No</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">X</font></td></tr></table></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:100%">Telef&#243;nica, S.A.</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">TABLE OF CONTENTS</font></div><div><font><br></font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:8.500%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:76.820%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.380%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Item</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Sequential Page Number</font></td></tr><tr style="height:16pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">1.</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Telef&#243;nica&#58; Publication of the offer document approved by the German Federal Financial Supervisory Authority (BaFin) for the public acquisition of the shares of Telef&#243;nica Deutschland</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">2</font></td></tr></table></div><div style="margin-bottom:8pt;text-align:center"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><img alt="image_0.jpg" src="image_0.jpg" style="height:47px;margin-bottom:5pt;vertical-align:text-bottom;width:177px"></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">The information contained herein is not for publication or distribution, in whole or in part, into, within or from any country where such publication or distribution would be in violation of the relevant legal provisions of such country.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">TELEF&#211;NICA, S.A. (hereinafter, Telef&#243;nica), in compliance with the Securities Market legislation, hereby communicates the following&#58;</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:136%">OTHER RELEVANT INFORMATION</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Further to the communication made on 7 November 2023 regarding the voluntary public acquisition offer in the form of a partial offer (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:136%">Offer</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">&#8221;) launched by Telef&#243;nica, through Telef&#243;nica Local Services GmbH, for shares of Telef&#243;nica Deutschland Holding AG (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:136%">Telef&#243;nica Deutschland</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">&#8221;), we hereby inform you that the relevant offer document has been published today following its review and approval by the German Federal Financial Supervisory Authority (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:136%">Bundesanstalt f&#252;r Finanzdienstleistungsaufsicht</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">).</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">Consequently, the acceptance period for the Offer commences today and</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:136%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">expires on 17 January 2024 (inclusive), unless extended.</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">The relevant offer document, which includes the terms and conditions of the Offer as well as other information, is available at </font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%;text-decoration:underline">https&#58;&#47;&#47;www.td-offer.com</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">. Also, copies of the offer document are available through the Offer&#8217;s settlement agent, i.e. BNP Paribas S.A. (Niederlassung Deutschland, Senckenberganlage 19, 60325 Frankfurt, Federal Republic of Germany) (fax +49 (0)69 &#8211; 1520 5277 or email </font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%;text-decoration:underline">frank-furt.gct.operations&#64;bnpparibas.com</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">).</font></div><div style="margin-top:6pt;text-align:justify"><font><br></font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:136%">In Madrid, on 5 December 2023</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:167%">Important notice&#58;</font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:167%">This announcement is for information purposes and neither represents an offer to purchase or sell nor a solicitation of an offer to purchase, sell or tender shares of Telef&#243;nica Deutschland. The complete terms and conditions of the Offer are set forth in the offer document approved by the German Federal Financial Supervisory Authority. </font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:167%">Investors and shareholders of Telef&#243;nica Deutschland are strongly advised to read the offer document as it contains important information. Where appropriate, it is furthermore recommended that investors and shareholders seek independent advice in order to receive individual assessment regarding the Offer.</font></div><div style="margin-top:6pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="margin-bottom:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">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. </font></div><div style="margin-bottom:10pt;text-indent:18pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:6.362%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.019%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.407%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.870%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.798%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:20pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Telef&#243;nica, S.A.</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Date&#58;</font></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">December 5, 2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">By&#58;</font></td><td colspan="6" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#47;s&#47; Pablo de Carvajal Gonz&#225;lez</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Name&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Pablo de Carvajal Gonz&#225;lez</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Title&#58;</font></td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Secretary to the Board of Directors</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:8pt;text-align:center"><font><br></font></div><div><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image_0.jpg
<TEXT>
begin 644 image_0.jpg
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M3KY6? O0ML*W2@A!3S4&%A]LT.P  &U8Z!S? 1O2FH'$M[C^JLF+[P$, 3
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M-@WFZ0\  "Y>T&G9Q9>5/D/5 P @Z&'APILY?V:;?JT! . B!9U\;KN(CE/
M@T8O4.T   AZ.Z).\0_M+?6%B(D)   0])9%_9HUBZF8,8HJCW5S ,!9<]6[
M'%/HK0=&_LQE#K;X(/#<2E!?  " H!N+>\+(,V-4^FEZL,IQ+!$
J                     .@8_Q-@ +'(D$OW2#3/     $E%3D2N0F""

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
