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.
About TELUS
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications
company in Canada, with $10.8 billion of annual revenue and
13.0 million customer connections including 7.6 million wireless
subscribers, 3.4 million wireline network access lines, 1.3 million
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
video.
In support of our philosophy to give where we live, TELUS, our team
members and retirees have contributed more than $300 million to
charitable and not-for-profit organizations and volunteered 4.8 million
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.
SOURCE: TELUS Corporation
For media inquiries, please contact:
Shawn Hall
TELUS Social and Media Relations
604-619-7913
shawn.hall@telus.com
For investor inquiries, please contact:
Robert Mitchell
TELUS Investor Relations
647-837-1606
ir@telus.com