Efective November 5, adjustment to the Telefónica option contract will be effected as follows: Each Telefónica December 1999 contract shall be for 104 shares and the rest of expirations (March, June and September 2000) shall be for 102 shares.
The Strike Prices of expiries with open positions (December 1999 and March, June and September 2000) shall be multiplied by 0.9803921.
