Overview

Woolworths Group Limited (Woolworths Group) completed its off-market buy-back of nearly 59 million shares worth approximately A$1.7 billion of capital from shareholders. This represented 4.46% of the issued share capital of WOW.

The ex-entitlement date was 5 April 2019, and the shares were taken to have been disposed of for CGT purposes on 27 May 2019, being the buy-back completion date. The cash payment date was 30 May 2019.

The buy-back amount received by participating shareholders comprised of two components:

• a dividend component
• a capital component

Participating shareholders were paid a fully franked dividend of $24.15 (dividend component) for each WOW share disposed of in the buy-back. The deemed capital proceeds were $7.50 per share, being a $4.79 capital component, plus $2.71, being the amount that the tax value for CGT purposes ($31.65) exceeded the buy-back price ($27.64).

Participation in the WOW buy-back was voluntary, i.e. shareholders must choose whether to participate in the buy-back, and the amount subject to the buy-back varies from fund to fund.

Class users are required to process this corporate action at the fund level.

Buy-back details

Refer to User guide Corporate Actions Console for detailed steps on how to generate corporate actions in Class.