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TELUS About

Mergers and acquisitions

Find out how the merger and acquisitions affected your shareholdings, share value, dividend payments and adjusted cost base.

LifeWorks Inc. acquisition

On September 1, 2022, TELUS announced the completion of the previously disclosed acquisition by way of a plan of arrangement of LifeWorks Inc.

TELUS has agreed to make a Section 85 Election with an Eligible Holder that received TELUS shares pursuant to the Arrangement. In certain cases, this election is required if the Eligible Holder wishes to obtain a full or partial tax deferral in respect of the disposition of their LifeWorks shares. In order to obtain a joint election form, Eligible Holders should use the Section 85 Election Assistant provided by TELUS at: telus.com/lifeworks-election. A detailed tax instruction letter can also be found there.

The deadline for submitting your information to TELUS is November 30, 2022.

Emergis Inc. acquisition

TELUS completed its offer to purchase all of the outstanding common shares of Emergis Inc. on January 17, 2008. If you still hold share certificates for Emergis, you must tender your shares to Computershare Trust Company to receive consideration.

BC TELECOM and TELUS merger

Registered shareholders, who held certificates dated prior to February 1, 1999, were required to submit those certificates to Computershare Trust Company for exchange into the new TELUS Corporation share certificates before the expiry date of January 31, 2005.

If you did not exchange your pre-merger share certificates by the expiry date of January 31, 2005, you ceased to have a claim or interest of any kind or nature against TELUS and the person ultimately entitled to any certificate will be deemed to have surrendered such entitlement to TELUS, together with all entitlements to dividends, distributions and cash for fractional interest on such shares, for no consideration.

For capital gains purposes, valuation dates and prices are as follows (C$):

Valuation date

Price

Price when exchanged into 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

QuébecTel acquisition

The shares of QuébecTel no longer trade on any stock exchange. If you did not exchange your share certificates by the expiry date of June 1, 2006, 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 Trust Company.

Clearnet Communications Inc. acquisition

If you still hold share certificates of Clearnet Communications Inc., you must tender your shares with a completed Letter of Transmittal to Computershare Trust Company to receive your consideration.

Upon exchange of your Clearnet shares for TELUS non-voting shares, you will receive dividend payments retroactive to April 1, 2001.

Daedalian eSolutions acquisition

If you still hold share certificates of Daedalian eSolutions, you must tender your shares with a completed Letter of Transmittal to Computershare Trust Company to receive your consideration.