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

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October 11, 2022 02:54 ET (06:54 GMT)

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