TELUS Digital reminds shareholders to vote on TELUS acquisition deal

TELUS Digital (NYSE: TIXT) reminded shareholders to vote in favor of the proposed arrangement with TELUS Corporation (TSX: T, NYSE: TU) under which TELUS will acquire all outstanding shares of TELUS Digital not already owned by TELUS for $4.50 per share, representing aggregate consideration of $539 million.

The special meeting of shareholders is scheduled for October 27, 2025 at 9:00 a.m. Vancouver time, with the proxy voting deadline set for October 23, 2025 at 9:00 a.m. Vancouver time.

TELUS Digital's independent special committee unanimously determined that the arrangement is in the best interests of the company and fair to minority shareholders. The board of directors unanimously recommends that shareholders vote in favor of the arrangement, with interested directors abstaining.

Leading proxy advisory firms, including Institutional Shareholder Services Inc., have recommended shareholders vote for the proposed arrangement. All of TELUS Digital's directors and officers, as well as the company's largest minority shareholder Riel B.V., have agreed to support the transaction.

The $4.50 per share offer represents a 52.0% premium over the unaffected price on June 11, 2025 and a 62.6% premium over the 30-day volume-weighted unaffected price prior to June 12, 2025.

Shareholders can elect to receive cash consideration of $4.50 per share, share consideration of 0.273 of a TELUS common share, or combination consideration of $2.25 in cash and 0.136 of a TELUS share. The deadline for registered shareholders to complete their consideration election is October 22, 2025 at 9:00 a.m. Vancouver time.

Due to the Canada Post labor strike, shareholders may experience delays in receiving physical copies of meeting materials and are encouraged to access documents electronically through SEDAR+ and SEC EDGAR filing systems.

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