Telstra updates capital management, confirms share buy-back and performance rights lapse

Telstra Group Limited confirmed the cessation of 46,220 performance rights (ASX: TLSAA) on August 15, 2025. These rights lapsed because their performance conditions, tied to Telstra's FY21 EVP and an RTSR performance condition tested on June 30, 2025, were not met or became incapable of being satisfied. The cessation affects non-KMP related performance rights and did not involve any consideration from the entity. Following this, the total number of unquoted performance rights outstanding stands at 5,739,923.

In parallel, Telstra provided an update on its ongoing on-market share buy-back program for ordinary fully paid shares (ASX: TLS). As of November 7, 2025, the company bought back an additional 584,349 shares on the previous day, bringing the total number of shares bought back before November 7, 2025, to 74,646,396. The consideration paid for shares on the previous day was AUD 2,912,139.54, with the highest price paid at AUD 4.99000000 and the lowest at AUD 4.98000000.

Telstra intends to repurchase up to approximately AUD 1 billion worth of its fully paid ordinary shares. The buy-back commenced on September 9, 2025, and is scheduled to conclude by June 30, 2026. Barrenjoey Markets Pty Limited is acting as the broker for the buy-back. Telstra maintains the right to suspend or terminate the buy-back at any time, executing it only when beneficial for efficient capital management.