Telstra 2002 Annual Report Download - page 134

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Telstra Corporation Limited and controlled entities
Listing Information
Listing Information
Markets in which our shares are traded
We are listed, and those of our shares that are not held by the Commonwealth are quoted, on the ASX and
on the New Zealand Stock Exchange (NZSE). American depositary shares (ADSs), each representing five
shares, have been issued by The Bank of New York as depositary and are listed on the New York Stock
Exchange (NYSE).
The stock market operated by the ASX is the principal stock exchange in Australia. The exchange operates
by way of the Stock Exchange Automated Trading System (SEATS), which is a fully computerised system.
Trading on SEATS takes place each business day between the hours of 10:00am and 4:05pm, Australian
Eastern Standard Time or Australian Eastern Standard Summer Time. At 4:05pm each day, the ASX
subsequently matches any buy and sell orders in the system that satisfy both buyers and sellers. The prices
of all listed shares are continuously quoted while the market is open and the system prioritises orders first
by price and second by time of placement in the system. Exchange participants can cross stock between
buying and selling orders, at the buy or sell quote provided those quotes are no more than one marketable
bid apart and can cross outside this range in amounts of A$1 million or more. Transactions on the ASX are
settled on the third business day following the trade date.
Our securities were initially listed on 17 November 1997. This followed the sale by the Commonwealth of
33.3% of its shares in Telstra.
Subsequently on 18 October 1999 the Commonwealth sold an additional 16.6% of its shares in Telstra.
Price history of our securities
The following tables give the price history of our securities.
Table A shows the high and low closing prices for shares and ADSs:
• highest and lowest closing sale prices for shares as derived from the daily official list of the ASX; and
• highest and lowest closing sale prices of ADSs quoted on the NYSE.
Table A(1) - High and low closing price for shares and ADSs - on an annual basis - for a period of five
years or time of trading if less than five years
A$ per share US$ per
ADS(1)
Period High Low High Low
Fiscal 2000. . . . . . . . . . . . . . . . . . . 9.16 6.50 29.69 18.38
Fiscal 2001. . . . . . . . . . . . . . . . . . . 7.44 5.31 22.00 13.85
Fiscal 2002. . . . . . . . . . . . . . . . . . . 5.68 4.48 14.85 12.10
(1) Prior to 23 August 1999, each ADS represented 20 ordinary shares. Since then each ADS represented 5 ordinary
shares.
Table A(2) - High and low closing price for shares and ADSs - on a quarterly basis for the
two most recent full financial years
A$ per share US$ per
ADS(1)
Period High Low High Low
2000
1 January - 31 March . . . . . 8.71 7.18 27.31 22.81