REG - Telstra Corp. Ld - Scheme Meeting date and Booklet distribution

TelstraAnnouncement

23/08/2022 07:00

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RNS Number : 8902W  Telstra Corporation Ld  23 August 2022

 23 August 2022   Office of the Company Secretary

                  Level 41

242 Exhibition Street

MELBOURNE VIC 3000

AUSTRALIA

                General Enquiries    03 8647 4838

                Facsimile 03 9650 0989
 The Manager

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

 RNS

                  Investor Relations

                  Tel:  1800 880 679

                  investor.relations@team.telstra.com

 

 

 

 

 

ELECTRONIC LODGEMENT

 

 

 

 

Dear Sir or Madam

 

Telstra confirms Scheme Meeting date and distribution of Scheme Booklet

 

In accordance with the Listing Rules, I attach a market release, authorised
for lodgement by the CEO, for release to the market.

 

 

 

Yours faithfully,

 

 

 

Sue Laver

Company Secretary

 

 MARKET RELEASE

Telstra confirms Scheme Meeting date and distribution of Scheme Booklet

Tuesday, 23 August 2022 - Telstra today announced the Scheme Meeting, at which
shareholders will be asked to vote on the scheme of arrangement associated
with its proposed corporate restructure, will take place on 11 October 2022.
The meeting will follow Telstra's Annual General Meeting being held on the
same day.

This follows the Supreme Court of New South Wales earlier today ordering that:

·           a meeting of Telstra shareholders be convened (Scheme
Meeting) to vote on the scheme of arrangement (Scheme), which is one of the
steps toward implementation of Telstra's corporate restructure; and

·           the Scheme Booklet, containing information relevant to
a Telstra shareholder's decision on whether to approve the Scheme, be
distributed to Telstra shareholders.

 

The Scheme Booklet is expected to be released on the ASX shortly following its
registration with ASIC, and will then be distributed to Telstra shareholders
in accordance with their communication preferences.

Details on how to attend and vote at the Scheme Meeting will be set out in the
Scheme Booklet. Telstra shareholders should read the Scheme Booklet in full
before deciding how to vote on the Scheme.

The corporate restructure

The Corporate Restructure is a key component of the T25 strategy Telstra
announced last year. It is an important next step in Telstra's drive to
increase focus on its customer and infrastructure businesses, increase
transparency of the assets in these businesses, and create greater flexibility
and optionality to realise value from the Telstra Group's fixed infrastructure
assets over time.

As previously announced, the corporate restructure:

·          involves the establishment of Telstra Group Limited as the
head entity of the Telstra group and the movement of entities, assets and
liabilities within the Telstra Group; and

·          will be implemented through the Scheme and a number of other
steps. Telstra shareholders are only being asked to vote on the Scheme.

If the Scheme is approved and becomes effective, existing Telstra shareholders
will receive one new share in Telstra Group Limited for each of their existing
Telstra shares(( 1 )), with no change to the level of their shareholding.

The Telstra directors unanimously recommend that Telstra shareholders vote in
favour of the Scheme and intend to vote the Telstra shares they hold or
control in favour of the Scheme.

 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: 065/2022

 

Telstra investor contact: Nathan Burley, Investor Relations

T: +61 457 529 334

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

 

 

 1  Unless you are an Ineligible Foreign Shareholder - see section 6.4 of the
Scheme Booklet for more information.

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