Woolworths market update


















The offer period will open on 16 April. A number of capital return options have been considered, and we believe that an off-market buy-back is the best option for the company and shareholders and will result in a significant franking credit release. Following the Buy-Back, the Woolworths Group balance sheet will remain strong and allow sufficient flexibility for future growth.

Further details are contained in a separate ASX announcement released today. The gain will be recorded as a significant item in the F19 results. We understand the impact that the store and DC closures will have on our team and will endeavour to provide affected team members with alternative employment options within the Woolworths Group where possible. Everyday Market products are shipped directly to customers by the Everyday Market Partners through their existing delivery arrangements.

This represented an increase of around 75 per cent on FY Notes for editors These are some of the top selling lines from the Everyday Market pilot:.

Share price:. High



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