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Woolworths Group Ltd (WOW.AX)

WOW.AX on Australia Stock Exchange

35.99AUD
23 Aug 2019
Change (% chg)

$-0.02 (-0.06%)
Prev Close
$36.01
Open
$35.80
Day's High
$36.15
Day's Low
$35.66
Volume
3,355,679
Avg. Vol
3,129,666
52-wk High
$36.65
52-wk Low
$27.03

Latest Key Developments (Source: Significant Developments)

Woolworths Group Says Merged Entity Endeavour Group To Be Held 85.4% By Co
Tuesday, 2 Jul 2019 07:05pm EDT 

July 3 (Reuters) - Woolworths Group Ltd ::UPON COMPLETION OF MERGER, ENDEAVOUR GROUP TO BE 85.4% OWNED BY CO AND 14.6% BY BRUCE MATHIESON GROUP.FOR DEMERGER, ESTIMATED ONE-OFF COSTS ARE NOT EXPECTED TO EXCEED $275 MILLION.FOLLOWING DEMERGER, CO EXPECTED TO REMAIN ASX20 CO WHILE ENDEAVOUR GROUP EXPECTED TO BE AN ASX100 COMPANY.  Full Article

Woolworths Announces Intention To Separate Endeavour Group After Merger Of Endeavour Drinks & ALH
Tuesday, 2 Jul 2019 06:36pm EDT 

July 3 (Reuters) - Woolworths Group Ltd ::INTENTION TO SEPARATE ENDEAVOUR GROUP FOLLOWING MERGER OF ENDEAVOUR DRINKS AND ALH.AGREEMENT TO COMBINE ITS DRINKS AND HOSPITALITY BUSINESSES, ENDEAVOUR DRINKS AND ALH GROUP INTO A SINGLE ENTITY.FOLLOWING COMBINATION, CO INTENDS TO PURSUE A SEPARATION OF BUSINESS THROUGH A DEMERGER OR OTHER VALUE-ACCRETIVE ALTERNATIVE.BMG HAS AGREED TO SWAP ITS INTEREST IN ALH FOR A 14.6% STAKE IN COMBINED ENDEAVOUR GROUP.BMG WILL MAINTAIN BOARD REPRESENTATION IN EVENT THAT A DEMERGER BECOMES EFFECTIVE.EXPECTS TO RETAIN A MINORITY HOLDING IN A DEMERGED ENDEAVOUR GROUP.SEPARATION IS EXPECTED TO TAKE PLACE IN CALENDAR YEAR 2020.MERGER TO CREATE SINGLE ENTITY EXPECTED TO BE REFERRED TO AS ENDEAVOUR GROUP LIMITED.AS PART OF SEPARATION PROCESS, DAVID MARR, WOOLWORTHS GROUP CFO WILL MOVE TO NEW ROLE OF CHIEF OPERATING OFFICER, WOOLWORTHS GROUP.STEPHEN HARRISON, CURRENTLY FINANCE DIRECTOR WILL TAKE OVER FROM DAVID AS WOOLWORTHS GROUP CFO, EFFECTIVE 1 AUGUST.MERGER WILL CREATE AUSTRALIA'S LARGEST INTEGRATED DRINKS & HOSPITALITY BUSINESS WITH SALES OF ABOUT $10 BILLION AND EBITDA OF $1 BILLION.  Full Article

Woolworths Group Invests A$30 Mln Into Strategic Partnership With Marley Spoon
Thursday, 6 Jun 2019 10:21pm EDT 

June 7 (Reuters) - Woolworths Group Ltd ::INVESTS A$30 MILLION INTO STRATEGIC PARTNERSHIP WITH MARLEY SPOON.PARTNERSHIP WILL RESULT IN CO OWNING ABOUT 9% OF MARLEY SPOON.  Full Article

Marley Spoon Forms Strategic Partnership With Woolworths Group
Thursday, 6 Jun 2019 10:18pm EDT 

June 7 (Reuters) - Marley Spoon Ag ::MARLEY SPOON FORMS STRATEGIC PARTNERSHIP WITH WOOLWORTHS GROUP IN A$30M FUNDING DEAL.PART OF PROCEEDS OF INVESTMENT WILL BE USED TO FULLY REPAY OUTSTANDING SENIOR SECURED DEBT FACILITY WITH MONEDA TOP-HOLDING S.A.R.L.  Full Article

Woolworths Group Announces Completion Of A$1.7 Bln Off- Market Buy-Back
Sunday, 26 May 2019 06:31pm EDT 

May 27 (Reuters) - Woolworths Group Ltd ::WOOLWORTHS GROUP LTD ANNOUNCES COMPLETION OF ITS A$1.7 BILLION OFF- MARKET BUY-BACK.  Full Article

Woolworths Group Announces Market Price For Off-Market Share Buy-Back Announced On April 1
Friday, 24 May 2019 02:57am EDT 

May 24 (Reuters) - Woolworths Group Ltd ::WOOLWORTHS GROUP SAYS MARKET PRICE FOR OFF-MARKET SHARE BUY-BACK ANNOUNCED ON APRIL 1 IS A$33.6434.  Full Article

Woolworths Group Posts Qtrly Total Sales From Continuing Operations Of $14,898 Mln
Wednesday, 1 May 2019 06:24pm EDT 

May 2 (Reuters) - Woolworths Group Ltd ::QTRLY TOTAL SALES FROM CONTINUING OPERATIONS $14,898 MILLION VERSUS $14,301 MILLION.Q3 AUSTRALIAN FOOD COMPARABLE SALES GROWTH OF 3.6%.Q3 AUSTRALIAN FOOD SALES $10,017 MILLION VERSUS $9,624 MILLION.Q3 AUSTRALIAN FOOD ADJUSTED COMPARABLE SALES GROWTH OF 4.2%.  Full Article

ACCC Accepts Variation To Woolworths Fuel Discount Undertaking
Friday, 1 Mar 2019 01:57am EST 

March 1 (Reuters) - Australian Competition and Consumer Commission::ACCEPTED A VARIATION TO AN UNDERTAKING PROVIDED BY WOOLWORTHS IN 2013 RELATING TO ITS SHOPPER DOCKET FUEL DISCOUNT OFFERS.UNDERTAKING, AS VARIED, WILL CONTINUE TO OPERATE AFTER THE SALE OF WOOLWORTHS’ SERVICE STATIONS TO EG GROUP.FUEL DISCOUNT OFFERS LINKED TO SUPERMARKET PURCHASES WILL REMAIN LIMITED TO 4 CENTS/LITRE AFTER THE VARIATION OF THE WOOLWORTHS UNDERTAKING.  Full Article

Woolworths Group Updates On Dividend Reinvestment Plan
Thursday, 5 Apr 2018 11:12pm EDT 

April 6 (Reuters) - Woolworths Group Ltd ::DECIDED A 1.5 PCT DISCOUNT ON DIVIDEND REINVESTMENT PLAN WILL NOT APPLY TO  OCT 2018 FINAL DIVIDEND & FOR  FORESEEABLE FUTURE.  Full Article

ACCC Takes Action Against Woolworths Regarding Its 'W Select Eco' Picnic Products
Thursday, 1 Mar 2018 05:54pm EST 

March 2 (Reuters) - Australian Competition and Consumer Commission::TAKEN ACTION AGAINST WOOLWORTHS LTD IN THE FEDERAL COURT.ALLEGES THAT ENVIRONMENTAL REPRESENTATIONS WOOLWORTHS MADE ABOUT ITS 'W SELECT ECO' PICNIC PRODUCTS WERE FALSE, MISLEADING OR DECEPTIVE.ALLEGES WOOLWORTHS FAILED TO MAKE REASONABLE OR ADEQUATE EFFORTS TO SUBSTANTIATE BIODEGRADABILITY AND COMPOSTABILITY CLAIMS‍​.ALSO ALLEGES THAT WOOLWORTHS ACTED CONTRARY TO ITS OWN ENVIRONMENTAL CLAIMS POLICY‍​.  Full Article