REG - Telstra Corp. Ld - Court approves Telstra scheme of arrangement

TelstraAnnouncement

19/10/2022 07:01

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221019:nRSS3813Da&default-theme=true

RNS Number : 3813D  Telstra Corporation Ld  19 October 2022

 

 

 

 19 October 2022  Office of the Company Secretary

                  Level 41

 The Manager      242 Exhibition Street

                  MELBOURNE VIC 3000 AUSTRALIA

 RNS

                  General Enquiries  03 8647 4838

                  Facsimile 03 9650 0989

                  companysecretary@team.telstra.com (mailto:companysecretary@team.telstra.com)

                  Investor Relations

                  Tel: 1800 880 679

                  investor.relations@team.telstra.com
                  (mailto:investor.relations@team.telstra.com)

 

 

 

 

 

 

ELECTRONIC LODGEMENT

 

 

 

Dear Sir or Madam

 

Court approves Telstra scheme of arrangement

 

In accordance with the Listing Rules, I attach a market release, for release
to the market. Authorised for lodgement by the Company Secretary.

 

Yours faithfully,

 

 

Sue Laver

Company Secretary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Telstra Corporation Limited

ACN 051 775 556

ABN 33 051 775 556

MARKET
RELEASE

Court approves Telstra scheme of arrangement

 

 

Wednesday 19 October 2022 - Telstra today announced the Supreme Court of New
South Wales had approved the scheme of arrangement (Scheme) being used to help
finalise Telstra's corporate restructure. The Court approval follows Telstra
shareholder approval of the Scheme at the meeting held on 11 October 2022 and
was the last remaining condition precedent to the Scheme that needed to be
satisfied.

A copy of the Court orders is expected to be lodged with ASIC tomorrow, at
which time the Scheme will become legally effective.

The Scheme comprises two components:

·              the Top Hat Componentthat is being used to
establish Telstra Group Limited as the head entity of the Telstra group; and

·              the Business Restructure Componentthat is being
used to transfer certain assets and liabilities within the Telstra group.

On implementation of the Top Hat Component, eligible Telstra shareholders will
receive one share in Telstra Group Limited for each Telstra share they hold.

The key dates for the implementation of each component of the Scheme are set
out below:

 

 Event                                                                      Date
 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 on the ASX on a deferred     21 October 2022
 settlement basis
 Record date for the Top Hat Component                                      7:00pm on 24 October 2022

 All eligible Telstra shareholders on the register at this time will
 participate in the Top Hat Component
 Implementation of the Top Hat Component                                    31 October 2022

 Eligible Telstra shareholders receive their Telstra Group Limited shares
 Telstra Group Limited shares commence trading on the ASX on a normal       1 November 2022
 settlement basis

 Despatch of holding statements for the Telstra Group Shares commences
 Implementation of the Business Restructure Component                       1 January 2023

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
released by Telstra on 23 August 2022.

 ENDS 

 

 

Telstra media contact: Steve Carey, General Manager Media

M: +61 413 988 640

E: media@team.telstra.com (mailto:media@team.telstra.com)

Reference number: 077/2022

 

Telstra investor contact: Nathan Burley, Investor Relations

T: +61 457 529 334

E: investor.relations@team.telstra.com
(mailto:investor.relations@team.telstra.com)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  SOAMLBITMTTBMRT