000 ==
:Telephone
Santiago, August 12, 2022.
Mrs.
Solange Berstein Jáuregui
President
Financial Market Commission
Present
TELEFÓNICA CHILE S.A.
Registration Registry of Securities N*009
ESSENTIAL FACT
From our consideration:
In compliance with the provisions contained in articles 9 “and in the second paragraph of article 10 of
Law No. 18.045, on the Securities Market, to the rules of continuous information contained in the Standard
of General Character N” 30 of the Commission for the Financial Market, and duly authorized by the Board
of Shareholders of Telefónica Chile S.A. (the “Company” or the “Company”), I inform you, as fact
essential, that yesterday, Thursday, August 11, 2022, an Extraordinary Shareholders’ Meeting was held, in
which adopted the following agreements:
1. Rectify the fifth article of the Company’s Bylaws regarding the amount of capital
social, due to transcription error incurred when extending minutes of Extraordinary Shareholders’ Meeting
held on April 23, 2019, which consisted of consigning, as capital, the amount of
$569,762,769,641, in circumstances where the correct sum corresponds to $569,772,779,641.
2. To increase the capital of Telefónica Chile S.A. in the amount of $239,999,999,778, through the issuance of
283,687,943 new payment shares, nominative, of the same series and without par value. Of
According to this increase, the share capital amounts to $809,772,779,419, divided into 1,229,062,241
registered shares, of the same series, without par value.
It was also agreed to:
a) that the 283,687,943 new shares to be issued will be placed at a price of $846 per share,
corresponding to its “book value” based on the Company’s Financial Statements as of June
2022.
b) That the new shares to be issued will be offered exclusively to shareholders
in proportion to those registered in their name in the Register of Shareholders, on the fifth working day
prior to the date of publication of the notice initiating the preferred option period.
c) That the new shares to be issued that are not subscribed by the shareholders during the
Preferential subscription period may be offered only to shareholders who have
expressed, in writing, its willingness to subscribe for shares not placed or unsubscribed during
said period, which will be made exclusively among the shareholders who have expressed,
in writing, their intention to subscribe, in proportion to the percentage of shares they hold once
At the end of the preferential subscription period, percentage to be calculated on the remainder
of unsubscribed shares.
d) That the term for subscribing the shares to be issued under this capital increase is
of six months from the date of this Extraordinary Shareholders’ Meeting, and that the
The value of each share subscribed must be paid in cash at the time of subscription.
e) Replace the fifth and first transitory articles of the Company’s bylaws.
3. Establish a consolidated text of the Company’s Bylaws.
4. Adopt all other agreements that are necessary to materialize what was agreed at the Meeting
Extraordinary Shareholders.
Yours sincerely yours,
GLADYS MARINA – Digitally signed by
GLADYS MARINA FUENTES
ESPINOZA SOURCES
ESPINOZA Asr020012 14:46:51
Gladys Fuentes Espinoza
Secretary General and of the Board of Directors
p.p. Telefónica Chile S.A.
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=a42d7de93c37ee5d0e34197e8b760cddVFdwQmVVMXFRVFJOUkUxNFRucFZlazFuUFQwPQ==&secuencia=-1&t=1682376108
