Woolworths in share repurchase
2010-04-26 · Property Market Reports
Retailer Woolworths said at the weekend that it had repurchased almost 26 million of its shares in accordance with an authority granted by shareholders at the annaul general meeting on November 19, 2009. The general authority is limited to a maximum of 20 percent of Woolworths issued share capital, and any repurchase may not be made at a price greater than 10 percent above the weighted average of the market value of the ordinary shares for the five business days immediately preceding the date of such repurchase. A maximum of 166,438,148 ordinary shares can be repurchased in terms of the general authority obtained from shareholders.
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