Telstra Buy Back

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.

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