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.