REG - Telstra Corp. Ld - Shareholders approve Scheme

TelstraAnnouncement

11/10/2022 08:00

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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 4th Floor, 20
 Bridge Street SYDNEY NSW 2000

                                                                            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

 

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 of New South Wales will be  9.15am (Sydney time) on 19 October 2022
 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 on the ASX on a deferred      21 October 2022
 settlement basis
 Record date for the Top Hat Component of the Scheme                         7:00pm (Sydney time) on 24 October 2022

 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 the Scheme                       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 of the Scheme          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.

http://www.rns-pdf.londonstockexchange.com/rns/4636C_1-2022-10-11.pdf
(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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