Telefônica Brasil Confirms Capital Reduction Payment Details

Telefônica Brasil S.A. filed a Form 6-K on May 22, 2026, confirming the details of a capital reduction approved at the Extraordinary Shareholders' Meeting on March 12, 2026. The company announced that no acquisitions, divestitures, or cancellations of treasury shares were made under its Share Buyback Program, leaving the capital reduction amount unchanged. The total reduction amount is R$4,000,000,000.00, with a per-share payment of R$1.25171862845. The payment will be made in a single installment on July 14, 2026, to shareholders based on their holdings as of May 22, 2026. After May 22, 2026, the company's shares will trade "ex-reimbursement rights." This filing serves as a market notice to shareholders regarding the capital reduction process.