Telus 2011 Annual Report Download - page 179

TELUS 2011 ANNUAL REPORT . 175
Investor relations activities
Conferences and meetings 2 0 11 2010
Conference calls with webcast:
Quarterly earnings calls and targets call 5 5
Annual general meeting 1 1
Investor conference presentations and tours 7 5
Investor meetings 167 204
For many investor meetings and to reduce travel expenses and time,
we use Cisco Telepresence, a high-definition video-conference service,
between TELUS locations across Canada.
2011 key investment events
. In May, TELUS issued five-year 3.65% Notes raising $600 million.
The proceeds, along with commercial paper, were used to repay
$1.1 billion of 8.5% debt due in June
. In May, TELUS provided clarity on its dividend growth model. The
Company plans to continue with two dividend increases per year to
2013 to be normally declared in May and November, and expects
the increase to be circa 10% annually. Dividend decisions will continue
to be subject to the TELUS Board’s assessment and determination
. Two dividend increases were announced, bringing the quarterly
dividend to 58 cents ($2.32 annually), up 10.5% from a year earlier
. In the summer, we completed our telecommunications agreement
with the Government of B.C. valued at $1 billion over 10 years
. In November, we entered into a new $2 billion bank credit facility
with a syndicate of 15 financial institutions
. In the second half of the year, construction began on a next
generation long-term evolution (LTE) wireless network, with service
launched in February 2012 in major urban centres across Canada.
Awards
. The TELUS annual report placed eighth in the global Annual Report
on Annual Reports, making TELUS the only company that has ranked
in the top 10 for eight straight years
. TELUS captured top honours at the Corporate Reporting Awards
from the Canadian Institute of Chartered Accountants (CICA) for
the fourth time in the past five years, and also won the Honourable
Mention for Excellence in Sustainable Development Reporting
. TELUS received the Best Financial Reporting award from IR Magazine
Canada for 2011 and 2012
. TELUS was recognized by Mediacorp Canada as one of:
. Canada’s Top 100 Employers for 2012 for the third year
. Canada’s Best Diversity Employers for 2011 for the third year
. Canada’s Top Employers for Young People for 2011
. Best Employers for New Canadians for 2011
. TELUS was recognized as one of Canada’s 10 Most Admired
Corporate Cultures by Waterstone Human Capital (2009 to 2011)
. Additional corporate social responsibility recognition includes being:
. Listed in the North American Dow Jones Sustainability Index
(DJSI) for the seventh consecutive year
. Named one of Canada’s Top 50 Socially Responsible Corporations
by Jantzi-Sustainalytics for the third consecutive year
. Named one of the Best 50 Corporate Citizens in Canada in 2011
by Corporate Knights
. TELUS received the BEST award for employee learning and
development from the American Society for Training and Development
for the sixth consecutive year.
Analyst coverage
As of February 2012, 18 telecom analysts covered TELUS. For a detailed
list, see the investor fact sheet at telus.com/investors.
Information for security holders outside of Canada
Cash dividends paid to shareholders resident in countries with which
Canada has an income tax convention are usually subject to Canadian
non-resident withholding tax of 15%. If you have any questions, contact
Computershare. For individual investors who are U.S. citizens and/or U.S.
residents, quarterly dividends paid on TELUS Corporation common and
non-voting shares are considered qualified dividends under the Internal
Revenue Code and may be eligible for special U.S. tax treatment.
Reservation system – non-Canadian common shares
Under federal legislation, total non-Canadian ownership of common
shares of Canadian telecommunications companies, including
TELUS, is limited to 331⁄3%. A reservation system controls and
monitors this level. This system requires non-Canadian purchasers of
common shares to obtain a reservation number from Computershare
by contacting the Reservations Unit at 1-877-267-2236 (toll-free) or
[e-mail]. The purchaser is notified within
two hours if common shares are available for registration. There are
no ownership restrictions on non-voting shares.
Merger and acquisitions – shareholder impact
Emergis and Clearnet
If you still hold share certificates for Emergis or Clearnet, you must tender
your shares to Computershare to receive consideration.
BC TELECOM, TELUS and QuébecTel
The common shares of BC TELECOM, pre-merger TELUS Corporation
and QuébecTel no longer trade on any stock exchange. If you did not
exchange your share certificates by the expiry dates, you ceased to have
any claim against TELUS or any entitlement relating to those shares. If
you have questions regarding unexchanged share certificates, please
contact Computershare.
For capital gains purposes, valuation dates and prices are as follows:
Price when
exchanged into
(C$) Valuation date Price TELUS shares
BC TELECOM December 22, 1971 6.375 6.375
BC TELECOM February 22, 1994 25.250 25.250
Pre-merger TELUS February 22, 1994 16.875 21.710
INVESTOR INFORMATION
Visit telus.com/m&a for additional information
on how your shareholdings have been affected
by various merger and acquisition transactions.