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Company News Summary

Woolworths Group Provides an Update on Treatment of Demerger

18 Jun 2021  |  17:13:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Treatment of Woolworths Demerger within the S&P/ASX 200

Woolworths Group provided an update stating that S&P Dow Jones Indices will make changes in the S&P/ASX 200 Index, as a result of the scheme of arrangement under which the company will spin-off Endeavour Group. The company advised that it will spin-off 1 share of Endeavour Group for every 1 share of the company held. Endeavour Group will be added to the S&P/ASX 200 Index prior to the open of trading on June 24, 2021 at a zero price. The company also reported that there will be no removal from the S&P/ASX 200 Index as a result of the inclusion of Endeavour Group.

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