TPG Telecom (ASX:TPM) to pay special dividend if Vodafone merger approved by shareholders

Company News

by Anna Napoli

TPG Telecom (ASX:TPM) will pay a special dividend of between 49 cents and 52 cents a share if its merger with Vodafone Hutchison Australia is approved by shareholders.

The scheme meeting and extraordinary general meeting to vote on the $15 billion merger will be held on June 24.

The special dividend will be distributed to TPG shareholders in the form of a fully franked cash special dividend.

It will be paid prior to the implementation of the merger.

Shares in TPG Telecom (ASX:TPM) are trading 0.99 per cent lower at $7.97.