Update: 81 per cent of TELUS shareholders vote to approve 1:1 share exchange proposal

Update: 81 per cent of TELUS shareholders vote to approve 1:1 share exchange 
proposal 
93 per cent excluding Mason Capital vote for 1:1 exchange 
VANCOUVER, Oct. 17, 2012 /CNW/ - Once final votes were tallied at the meeting 
of TELUS shareholders today, 81.1 per cent of total shares voted were in 
favour of TELUS' share exchange proposal. 62.9 per cent of the 128.8 million 
common shares voted were in favour, and 99.5 per cent of the 127.7 million 
non-voting shares voted were in favour. Excluding Mason's most recently 
reported voting block, 84.4 per cent of common shares voted were in favour of 
the exchange. As such, the voting results easily exceeded the approval 
thresholds for the proposal to pass, namely a simple majority of common shares 
voted and two-thirds of non-voting shares voted. Notably, excluding Mason's 
most recently reported voting block, 93.0 per cent of total shares voted were 
in favour of the exchange. 
Voting participation was quite high at 73.6 per cent of the common shares 
outstanding and 84.6 per cent of the non-voting shares outstanding. By 
comparison, the voting turn-out at TELUS' 2012 and 2011 annual general 
meetings was 67.25 per cent and 45.4 per cent, respectively. 
The following was distributed at 3:50 p.m. PST: 
TELUS shareholders decisively approve 1:1 share exchange proposal 
Ratification of share exchange proposal scheduled for final court approval in 
early November 
Vancouver, B.C. - TELUS shareholders have voted strongly in favour of a 
proposal to exchange the company's non-voting shares for common shares on a 
one-for-one basis. 
None of Mason's Capital's four resolutions received the support from common 
shareholders required to pass. 
TELUS will release detailed voting results later today. 
"The outcome of today's shareholder vote is distinctly positive for TELUS 
shareholders. Moreover, the result realized exemplifies the principles of good 
corporate governance and the fairness of shareholder democracy in Canada," 
said Darren Entwistle, TELUS President and CEO. "We would like to express our 
gratitude to our shareholders for such strong support of our proposal. 
Shareholders made clear their desire to enhance shareholder value through 
improved trading liquidity and augment TELUS' already excellent corporate 
governance by adopting a single class of widely held voting shares. 
Fundamental TELUS investor views dominated, prevailing over a self-serving 
hedge fund engaging in a troubling empty voting trading strategy, negative 
publicity campaign and multiple court challenges to try to defeat this 
proposal for their own profit." 
The final hearing before the B.C. Supreme Court to approve the share exchange 
is set for the week of November 5. 
Forward looking statement: 
This news release contains statements about expected future events of TELUS 
that are forward-looking. By their nature, forward-looking statements require 
the Company to make assumptions and predictions and are subject to inherent 
risks and uncertainties. The market price of non-voting shares and/or common 
shares may decline given that share prices in both classes increased on the 
announcement of the February proposal. In addition, there can be no assurance 
TELUS will win the appeals commenced by Mason Capital of the two October 15 
B.C. Supreme Court decisions, that there will not be further court challenges, 
that the final court order in respect of the Arrangement will be granted, and 
that the associated benefits for TELUS shareholders will be realized. There is 
significant risk that the forward-looking statements will not prove to be 
accurate. Readers are cautioned not to place undue reliance on forward-looking 
statements as a number of factors could cause actual future events to differ 
materially from that expressed in the forward-looking statements. Except as 
required by law, TELUS disclaims any intention or obligation to update or 
revise forward-looking statements. 
About TELUS 
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company 
in Canada, with $10.6 billion of annual revenue and 12.8million customer 
connections including 7.4million wireless subscribers, 3.5million wireline 
network access lines, 1.3million Internet subscribers and 595,000 TELUS TV 
customers. Led since 2000 by President and CEO, Darren Entwistle, TELUS 
provides a wide range of communications products and services including 
wireless, data, Internet protocol (IP), voice, television, entertainment and 
video. 
In support of our philosophy to give where we live, TELUS, our team members 
and retirees have contributed more than $260million to charitable and 
not-for-profit organizations and volunteered 4.2million hours of service to 
local communities since 2000. Fourteen TELUS Community Boards lead TELUS' 
local philanthropic initiatives. TELUS was honoured to be named the most 
outstanding philanthropic corporation globally for 2010 by the Association of 
Fundraising Professionals, becoming the first Canadian company to receive this 
prestigious international recognition. 
For more information about TELUS, please visit telus.com. 
For media inquiries, please contact: 
Shawn Hall TELUS Social and Media Relations 604-619-7913 shawn.hall@telus.com 
 For investor inquiries, please contact: 
Darrell Rae TELUS Investor Relations 604-697-8192 ir@telus.com 
SOURCE: TELUS Corporation 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2012/17/c8017.html 
CO: TELUS Corporation
ST: British Columbia
NI: TLS  
-0- Oct/18/2012 01:29 GMT
 
 
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