Telstra announces on-market share buy-back

Key points

• Telstra Group Limited to commence an on-market share buy-back
• The buy-back will be funded from Telstra's existing cash reserves
• The buy-back aims to return capital to shareholders and improve capital efficiency

Full summary

Telstra Group Limited has announced that it will commence an on-market share buy-back. The buy-back will be funded from Telstra's existing cash reserves and is intended to return capital to shareholders and improve the company's capital efficiency. The announcement was made in accordance with the Listing Rules and was also provided for the information of Telstra Corporation Limited noteholders. The market release containing the details of the share buy-back has been attached to the announcement.