Common shares start trading on NYSE
VANCOUVER, Feb. 4, 2013 /CNW/ - The exchange of TELUS' non-voting shares for
common shares on a one-for-one basis pursuant to a court-approved plan of
arrangement became effective at 12:01 a.m. PT today.
TELUS' non-voting shares were delisted from the New York Stock Exchange (NYSE)
before the market opened and its common shares commenced trading under the
symbol "TU" at the start of trading today. TELUS currently anticipates its
non-voting shares will be delisted from the Toronto Stock Exchange (TSX) at
the close of business on or about February 8, 2013 and the common shares
issued today in exchange for the non-voting shares will commence trading on
the TSX on or about February 11, 2013.
Registered shareholders who hold certificates formerly representing non-voting
shares do not need to take any further action. A DRS (Direct Registration
System) advice form will be mailed to registered shareholders and represent
the total number of common shares received upon the exchange. This will allow
registered shareholders to hold their new common shares in "book-entry" form
without having a physical share certificate.
TELUS expects its agent Computershare will mail the DRS advice forms to
registered shareholders of former non-voting shares on February 13, 2013.
Registered shareholders who want to sell or transfer such shares and have not
yet received their DRS advice should contact Computershare by telephone at
1-800-558-0046 (toll-free in North America), (514)-982-7129 (outside of North
America) or by email at TELUS@computershare.com. Beneficial holders who have
questions concerning when their account will reflect the common shares
exchanged today for their non-voting shares should contact their investment
advisor or stock broker.
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. There can be
no assurance that the associated benefits for TELUS shareholders of the share
exchange will be realized or that the expected TSX listing and delisting dates
will be accurate. 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.
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company
in Canada, with $10.8 billion of annual revenue and 13.0million customer
connections including 7.6million wireless subscribers, 3.4million wireline
network access lines, 1.3million Internet subscribers and more than 635,000
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
In support of our philosophy to give where we live, TELUS, our team members
and retirees have contributed more than $300million to charitable and
not-for-profit organizations and volunteered 4.8million 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 firstname.lastname@example.org
For investor inquiries, please contact: Robert Mitchell TELUS Investor
Relations 647-837-1606 email@example.com
SOURCE: TELUS Corporation
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CO: TELUS Corporation
ST: British Columbia
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-0- Feb/04/2013 13:00 GMT
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