11:39:59 EDT Tue 09 Jun 2026
Enter Symbol
or Name
USA
CA



Telus Corp (2)
Symbol T
Shares Issued 653,798,896
Close 2013-05-21 C$ 37.57
Market Cap C$ 24,563,224,523
Recent Sedar+ Documents

Telus to buy back up to 15 million shares

2013-05-21 21:46 ET - News Release

An anonymous director reports

TELUS ANNOUNCES APPROVAL OF NORMAL COURSE ISSUER BID FOR PURCHASE IN 2013 OF UP TO $500 MILLION OF TELUS SHARES

The Toronto Stock Exchange has approved Telus Corp.'s proposed normal course issuer bid to purchase up to 15 million of its outstanding common shares (up to $500-million), through the facilities of the TSX, the New York Stock Exchange, and/or alternative trading platforms or otherwise, as may be permitted by applicable securities laws and regulations up to Dec. 31, 2013. This represents approximately 2.3 per cent of the current public float of Telus common shares and will be purchased only when and if the company considers it advisable. Pursuant to TSX rules, the maximum number of common shares that may be repurchased during the same trading day on the TSX is 513,632 common shares (being 25 per cent of the average daily trading volume of Telus common shares for the six months preceding the date (as adjusted for the April, 2013, stock split and the conversion of non-voting shares into common shares) of the NCIB notice to the TSX), subject to certain exceptions for block repurchases. As of May 17, 2013, Telus had 653,798,896 common shares issued and outstanding.

Telus will pay the market price at the time of acquisition for any common shares purchased under the NCIB through the facilities of the TSX, the NYSE or alternative trading platforms. Telus may also, from time to time, purchase common shares outside the facilities of the TSX, the NYSE or alternative trading platforms pursuant to exemption orders, which may be obtained from applicable securities regulatory authorities. Any such private purchase made under an exemption order issued by a securities regulatory authority will generally be at a discount to the prevailing market price as provided in the exemption order.

Telus is also announcing plans to enter into an automatic share purchase plan with a broker for the purpose of permitting Telus to purchase shares under its NCIB at such times when Telus would not be permitted to trade in its shares during internal blackout periods, including regularly scheduled quarterly blackout periods. Under the ASPP, at times when it is not subject to blackout restrictions, Telus may, but is not required to, instruct the designated broker to make purchases under its NCIB in accordance with the terms of the ASPP. Such purchases will be determined by the broker in its sole discretion based on limits established by Telus prior to any blackout period in accordance with TSX rules, applicable securities laws, and the terms of the agreement between the broker and Telus. The ASPP has been approved by the TSX and may be implemented as early as June 30, 2013, and from time to time thereafter. All other purchases under the NCIB will be at the discretion of the company.

The company's board of directors believes that such purchases are in the best interest of Telus and that such purchases constitute an attractive investment opportunity and desirable use of Telus's funds that should enhance the value of the remaining shares. Purchases of common shares pursuant to the NCIB may commence on May 24, 2013, and will end on Dec. 31, 2013. All shares of Telus purchased pursuant to this notice will be cancelled by Telus.

© 2026 Canjex Publishing Ltd. All rights reserved.