Telus shareholders approve ownership restructuring

19 Oct 2012

Telus Corporation has succeeded in getting shareholder approval to eradicate a legacy dual-class ownership structure, after a vote went strongly in favour of the plan on Wednesday, paving the way for a one-to-one share conversion to create a single class of shares. Telus said votes representing 62.9% and 99.5% of respective participating ‘common’ and ‘non-voting’ shares approved the plan. Participation amongst common and non-voting shares was 73.6% and 84.6% respectively.

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