Telus Corp. will move ahead with a court-approved exchange of its non-voting shares for common shares, the company said Friday. In a release, Telus said its shareholders could exchange non-voting shares for common shares on a one-for-one basis, beginning Feb. 4. It said that about 151 million outstanding non-voting shares would be delisted from the New York Stock Exchange (NYSE) “on or about” Feb. 5 and from the Toronto Stock Exchange (TSX) “on or about” Feb. 8. “An equivalent number of additional TELUS common shares would then be listed and begin trading on the NYSE for the first time on or about February 5,” the release said. Telus first proposed the share conversion in February 2012, but faced opposition from New York-based hedge fund Mason Capital Management LLC, which acquired stock in the company in an effort to force the company to pay a premium on its voting shares. Three shareholders meetings and several court appearances later, the Supreme Court of British Columbia approved the company’s proposed exchange in December. Telus added it is moving ahead with the exchange, as itself and Mason have come to an agreement to abandon all litigation related to the court-approved plan. Telus noted the agreement does not involve funds being paid to either party. “As a result, the Supreme Court of British Columbia’s decision to grant a final order approving TELUS’ share exchange stands and all conditions precedent to completion of the exchange have now been satisfied,” the release said.