TPG Telecom to return $1.61 per share from Vocus Group sale

TPG Telecom Limited (TPG) has announced a cash return of capital amounting to AUD 1.61 per ordinary share, pending security holder approval on November 11, 2025. This return will distribute up to AUD 3.0 billion from the proceeds of the sale of TPG Telecom's fibre network infrastructure assets and Enterprise, Government, and Wholesale fixed operations to Vocus Group Limited. The capital reduction is scheduled to commence trading on an "ex return of capital" basis on November 14, 2025, with a record date of November 17, 2025, and a payment date of November 24, 2025.

The company has applied for an ATO class ruling to confirm that no part of the proposed capital reduction will be treated as a dividend for Australian income tax purposes. Instead, the cost base for each share is expected to be reduced by the capital reduction amount. This is subject to the final Class Ruling and the TPG Telecom board's satisfaction with its outcome.

Further details regarding the return of capital are available in the EGM Notice of Meeting released on the ASX on October 10, 2025.