Access your employee shareholding here
Woolworths Group has offered participation in the Share Purchase Plan (SPP) to eligible group employees since 2008. SPP participation makes it easy for employees to become shareholders of Woolworths and to share in the performance of our company. Over 20,000 Woolworths employees participate in the Plan.
The 2016 SPP Offer is now open. Online personalised application forms for eligible employees are available through our new Share Plan Provider, Link Market Services. The offer closes on 13 May 2016. Please contact Link via email @ wow.eps@linkmarketservices.
Who is eligible?
You are eligible to participate in the SPP if you are over the age of 18 years, an Australian tax resident and a permanent full-time or part-time employee of the Woolworth’s Group as at 1 March 2016. The invitation is not open to casual employees, employees resident outside Australia or employees under the age of 18 years. Participation in the SPP is entirely voluntary.
How does the SPP work?
The SPP allows you to acquire Woolworths shares to the value of either $1000 or $500 across each financial year. For example, if you have elected to acquire $1000 worth of shares during 2015, an amount of $20.84 per week or $41.67 per fortnight will be deducted from your pre-tax income from July 2016 to June 2017, and shares will be purchased on your behalf each quarter at the current market price. No brokerage costs are payable by participants. As this is a salary sacrifice arrangement, your taxable income will be reduced which will generally mean you pay less tax than if you had purchased the same number of shares from after-tax income.
In order for shares issued under the SPP to qualify for tax exemption, the shares are held under a three year restriction during which time they cannot be traded. Tax legislation specifies that the minimum restriction period is three years from the allocation date. Shares will be transferred to you on the third anniversary of the final quarter purchase i.e. on or before 30 June in the relevant financial year.
As with any financial decision, before you decide to participate in the SPP, you need to consider your personal circumstances. We encourage you to seek independent financial advice before deciding to take up the invitation. A copy of the SPP Booklet will be published on the Offer website during the Offer period and should be read thoroughly.
The Plan Rules and Trust Deed are attached.
The Employee Share Plan (ESP) was established in 1993 when Woolworths shares were first made available as a result of the Initial Public Offering (IPO). Woolworths provided to eligible employees a ten year interest free loan. These shares were held in the name of the Trustee, Woolworths Custodian Pty Limited on behalf of the employee.
The Employee Share Issue Plan (ESIP) was established in 1999 as part of Woolworths 75th Anniversary celebrations. The final issue of shares under the ESIP was made to employees in 2004 and all shares issued are now Ordinary fully paid shares.
Below are details of dividends paid to Employee Share Plan participants since October 2000. The schedule outlines the dividend amount credited to reduce outstanding loan balances, and the cash amount credited to members salary account – relating to the Ten Year Loan Plan shares. The final loans were satisfied in May 2013.
|Date of Dividend||Cents Per Share||Franking Rate||Credit to Loan||Credit to Bank Account||Total Dividend|