S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index

TORONTO, Sept. 1, 2022 /CNW/ - The shareholders of TELUS Corp (TSX: T) (NYSE: TU) and LifeWorks Inc. (TSX: LWRK) have agreed to a merger by plan of arrangement. Each share of LifeWorks will be exchanged for 0.5321 shares of TELUS and C$16.50 cash.

LifeWorks will be removed from the S&P/TSX Composite Index prior to the open of trading on September 7, 2022. The shares outstanding of TELUS will be increased in all S&P/TSX indices at the same time to reflect the issuance of shares. The new shares outstanding will be 1,412,706,694 and the IWF will remain 1.

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S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500^® and the Dow Jones Industrial Average^®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

SOURCE S&P Dow Jones Indices LLC.

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