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Telstra shareholders warned about unsolicited share offer


Telstra shareholders are being warned to watch out for a new, unsolicited offer by Share Express Limited.

Telstra Company Secretary Ms Carmel Mulhern, said Telstra had been made aware of this unsolicited offer through shareholder enquiries and follows two unsolicited offers made in 2008 by Share Express Limited.

“This offer has no association with Telstra and any shareholder who receives an offer should not accept it without seeking independent financial advice,” Ms Mulhern said.

Share Express’s current unsolicited offer for Telstra shares is just $2.50 - or less than two-thirds of the closing Telstra share price of $3.79on3 February 2009.

Ms Mulhern said that this means shareholders who own 1000 Telstra shares would receive $1290 less if they had accepted the unsolicited offer than they would by selling the shares on the market at the3 February 2009 closing price of $3.79.

"Share Express Limited purchased a copy of Telstra’s shareholder register last year.

“Under the Corporations Act, Telstra must keep a register of its shareholders. This is a public document. Third parties may inspect or purchase a copy of the register in accordance with that legislation,” Ms Mulhern said.

Ms Mulhern reminded shareholders Telstra’s share price was published in the financial pages of major daily newspapers and was available from Telstra’s Investor Centre website ( and the ASX website (

Telstra recommends that shareholders wishing to sell their shares for any reason should contact their broker or financial adviser.


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