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Name | Symbol | Market | Type |
---|---|---|---|
Telstra 2.5% 23 | LSE:93YM | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 111.513 | 0 | 01:00:00 |
TIDM93YM
RNS Number : 4636C
Telstra Corporation Ld
11 October 2022
11 October 2022 Office of the Company Secretary Level 41 The Manager 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA Market Announcements Office Australian Securities Exchange General Enquiries 03 8647 4838 4 th Floor, 20 Bridge Street Facsimile 03 9650 0989 SYDNEY NSW 2000 companysecretary@team.telstra.com Investor Relations Tel: 1800 880 679 investor.relations@team.telstra.com
ELECTRONIC LODGEMENT
Dear Sir or Madam
Shareholders approve Scheme
Telstra is pleased to announce that shareholders today approved the scheme of arrangement ( Scheme ) being used by Telstra to help finalise its corporate restructure.
Scheme Meeting voting results
For the purposes of ASX Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act, Telstra advises that the Scheme resolution set out in the Notice of Scheme Meeting in Annexure D of the Scheme Booklet released by Telstra on 23 August 2022, was passed by the requisite majorities of Telstra shareholders at the Scheme Meeting held earlier today.
In summary:
-- 99.58% of the votes cast by Telstra shareholders were in favour of the Scheme; and
-- 84.99% of Telstra shareholders present and voting (in person or by proxy, attorney or corporate representative) voted in favour of the Scheme.
Full details on the results are set out in Appendix 1, provided as a separate PDF attachment to this announcement.
Next steps
The Scheme remains subject to the approval of the Supreme Court of New South Wales.
Telstra will request that approval at the second court hearing that is scheduled to be held at 9.15am (Sydney time) on 19 October 2022.
If that approval is obtained, Telstra proposes to lodge the orders of the Court with ASIC on 20 October 2022, at which time the Scheme will become effective.
The timetable for the remaining key dates in connection with the Scheme is set out below.
Event Date Second Court Hearing at which the Supreme Court 9.15am (Sydney time) on 19 October 2022 of New South Wales will be asked to approve the Scheme ---------------------------------------- Date the Scheme becomes legally effective 20 October 2022 Last day of trading in Telstra shares on the ASX ---------------------------------------- Telstra Group Limited shares commence trading 21 October 2022 on the ASX on a deferred settlement basis ---------------------------------------- Record date for the Top Hat Component of the 7:00pm (Sydney time) on 24 October 2022 Scheme All eligible Telstra shareholders on the register at this time will participate in the Top Hat Component of the Scheme ---------------------------------------- Implementation of the Top Hat Component of 31 October 2022 the Scheme Eligible Telstra shareholders receive their Telstra Group Limited shares ---------------------------------------- Telstra Group Limited shares commence trading 1 November 2022 on the ASX on a normal settlement basis Despatch of holding statements for the Telstra Group Shares commences ---------------------------------------- Implementation of the Business Restructure 1 January 2023 Component of the Scheme ----------------------------------------
The dates above are indicative only and subject to change. Any change will be announced to the ASX.
For more information on the Scheme, please refer to the Scheme Booklet.
http://www.rns-pdf.londonstockexchange.com/rns/4636C_1-2022-10-11.pdf
Authorised for lodgement by:
Sue Laver
Company Secretary
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END
MSCFFESMFEESEIS
(END) Dow Jones Newswires
October 11, 2022 02:54 ET (06:54 GMT)
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