Business
TELUS leadership, including Board of Directors and CEO, demonstrates confidence in the Company's future with share purchases
TELUS leadership, including Board of Directors and CEO, demonstrates confidence in the Company's ...
About this update from Telus Corporation
[{"type":"text","content":"\n\n\nTELUS leadership, including Board of Directors and CEO, demonstrates confidence in the Company's future with share purchases\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, BC, Jan. 5, 2026 /CNW/ - TELUS Corporation (\"TELUS\" or the \"Company\") today announced that several members of its board of directors and its executive leadership team, including Darren Entwistle, President and CEO of TELUS, through the course of November and December have acquired a total of 357,090 additional TELUS shares in the open market, reflecting their confidence in TELUS' compelling value proposition and long-term growth prospects.\n\n\n\n\n\n\n\nCollectively, senior officers of TELUS' executive leadership team and board of directors hold a total of approximately 2.4 million TELUS common shares as of December 31, 2025. Moreover, since 2024 – and building on his previous practice from 2010 through 2015 – Darren has taken his entire salary in the form of TELUS shares, and plans to continue to do so for the foreseeable future. This firm alignment of interests between TELUS' leadership, board of directors and shareholders reinforces the Company's commitment to creating sustainable shareholder value.\nThe Company also provided an update that it has purchased for cancellation 2,299,753 of its common shares in the open market at an average price of $17.3932 per common share excluding commissions, representing an 18% discount to TELUS' average share price traded over the past twelve months. These purchases are part of the $500 million worth of common shares that TELUS is entitled to purchase for cancellation over a 12-month period, commencing December 17, 2025, under its normal course issuer bid (the \"NCIB\") announced on December 15, 2025.\nShare purchases under the NCIB are reflective of the Company's conviction that its current share price does not reflect the strong fundamentals of TELUS' business and its significant growth opportunities. Repurchases under the NCIB have been executed with discipline and are complementary to TELUS' delever...