VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 22, 2015) - TELUS Corporation (TSX:T)(NYSE:TU) announced today that President and Chief Executive Officer, Darren Entwistle, in combination with a Family Trust, purchased a total of 263,000 TELUS common shares on December 17, 2015, representing an investment of approximately $10 million. Mr. Entwistle purchased 79,000 shares at an average price of $37.76, and a Family Trust purchased 180,000 at an average purchase price of $37.86.
Following this purchase, Mr. Entwistle will now personally own 233,865 TELUS shares and 392,517 restricted stock units (RSUs), representing a value of $24 million or the equivalent of more than 17 times his annual salary.
About TELUS
TELUS (TSX:T)(NYSE:TU) is Canada's fastest-growing national telecommunications company, with $12.4 billion of annual revenue and 14.0 million customer connections, including 8.4 million wireless subscribers, 3.1 million wireline network access lines, 1.5 million high-speed Internet subscribers and 980,000 TELUS TV customers. TELUS provides a wide range of communications products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment and video, and is Canada's largest healthcare IT provider.
In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed more than $396 million to charitable and not-for-profit organizations and volunteered and more than 6 million hours of service to local communities since 2000. Created in 2005 by President and CEO Darren Entwistle, TELUS' 11 Canadian community boards and 4 International boards have led the Company's support of grassroots charities and will have contributed more than $54 million in support of over 4,800 local charitable projects by the end of 2015, enriching the lives of more than 2.1 million children and youth. TELUS was honoured to be named the most outstanding philanthropic corporation globally for 2010 by the Association of Fundraising Professionals, becoming the first Canadian company to receive this prestigious international recognition.
For more information about TELUS, please visit telus.com.
