Business
TELUS receives approval for normal course issuer bid
TELUS receives approval for normal course issuer bid Canada NewsWire VANCOUVER, B...
About this update from Telus Corporation
[{"type":"text","content":"TELUS receives approval for normal course issuer bid\n\n\nTELUS receives approval for normal course issuer bid\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, Dec. 15, 2025 /CNW/ - TELUS Corporation (TELUS) (TSX: T) (NYSE: TU) has received approval from the Toronto Stock Exchange (the TSX) for a new normal course issuer bid (the 2025 NCIB) to purchase and cancel, when and if considered advisable, up to C$500 million in shares over the 12 months commencing on December 17, 2025.\nThe 2025 NCIB will permit the purchase of up to 28 million TELUS shares (approximately 1.81 per cent of its outstanding shares as at December 10, 2025) for an aggregate purchase price of up to C$500 million from December 17, 2025 to December 16, 2026 through the facilities of the TSX, the New York Stock Exchange (the NYSE) and alternative Canadian trading systems or as otherwise permitted by applicable securities laws. The maximum number of shares that can be purchased during the same trading day on the TSX is 1,130,071 shares (being 25 per cent of the average daily trading volume for the six months ended November 30, 2025, which was equal to 4,520,286 shares), subject to certain exceptions for block purchases. As of December 10, 2025, TELUS had 1,550,956,136 shares issued and outstanding. All shares purchased under the NCIB will be cancelled.\nThe Company has not purchased any of its shares in the past 12 months.\nShares purchased through the facilities of the TSX, NYSE or alternative Canadian trading systems will be purchased at market price. TELUS may also purchase shares privately pursuant to exemption orders from applicable securities regulatory authorities, and such purchases will generally be at a discount to the prevailing market price.\nTELUS may enter into automatic share purchase plans (ASPP) with a broker to permit TELUS to purchase shares under its 2025 NCIB during internal blackout periods. Such purchases would be at the discretion of the broker based on prearranged parameters. Subject to TSX approval, the ASPP may be implemented from time to time du...