Telstra recently announced it would buy back up to $1.25 billion of ordinary shares from eligible shareholders via an off-market buyback. Shareholders have been given the option to tender their shares at a discount of 6-14 per cent of the five-day average market price to September 30 or accept the final buyback tender price.
In order to participate, you need to decide:
- The number of shares you wish to tender.
- The tender discount(s) at which you tender those shares and/or whether you elect to tender shares as a final tender price; and
- Whether you wish to specify a minimum price.
To view this article in full click here.