Australian retailer Woolworths has said that it has successfully completed its off-market A$532m (US$320.5m) share buyback.
Woolworths bought 46.7 million ordinary shares, or 4.4% of issued capital, at $11.40 per share, reported Dow Jones International News.
“The structure of the buyback was specifically tailored to create value for all shareholders, whether they participate in the buyback or not,” CEO Roger Corbett said in a statement to the Australian Stock Exchange.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
