Shareholding

Access your employee shareholding here

Share Purchase Plan (SPP)

 

Share Purchase Plan 2020 - 2021

Woolworths Group Limited is pleased to offer team members the opportunity to participate in the Share Purchase Plan (SPP). The SPP makes it easier for team members to become Woolworths Group Limited shareholders and to share in the performance of our Company.  Over 20,000 Woolworths Group employees participate in the Plan.

Who is eligible?

Permanent full-time and part-time employees of the Woolworths Group who are Australian tax residents and are 18 years or older on 5 April 2020 were eligible.

How does the SPP work?

The SPP allows you to acquire Woolworths Group Limited shares to the value of either $1,000, $500 or $250 across each financial year.  For example, if you have elected to acquire $1,000 worth of shares during 2019, an amount of  $20.84 per week or $41.67 per fortnight will be deducted from your pre-tax income from July 2020 to June 2021, 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.

Restriction Period

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 acquired under the SPP can be transferred to you from the third anniversary of their allocation to you.

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.

• SPP Plan Rules
• SPP Trust Deed  
• SPP Allocation Prices

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Better Together Share Award

The Better Together Share Award 
Woolworths Group Limited is pleased to offer team members the opportunity to receive shares as a Thank You for their contribution to Woolworths’ response to the extraordinary events of F20 under the Better Together Share Award. 

Who is eligible?*

Eligible

Permanent full time and part-time employed team members of the Woolworths Group (including Endeavour Group) who were employed prior to 1 March 2020 and remain employed at the time the shares are allocated who:

• are:
  • not eligible for MyIncentive during F20; or
  • eligible for MyIncentive for only a portion of F20 (e.g., because of a secondment) and their MyIncentive award is less than or equal to $1,500;  
• and
  • are Australian residents for tax purposes

For clarity, this includes the following team members who meet the above criteria:

• Permanent team members paid an hourly rate
• Permanent team members paid by salary
• Jimmy Brings, Shorty’s, Prowine, Chapel Hill directly employed team members 
• Team members on paid leave 
• Team members who were asked not to work between 1 March and 30 April and continued to be paid, including:
  • Vulnerable team members 
  • ALH team who were stood down 

Note 

Eligible team members who are:

• Under 18 years of age on 10 June 2020; and/or
• Non-Australian residents for tax purposes 

will not receive Shares and instead will receive a net cash equivalent payment in the applicable July 2020 payroll. 

Not Eligible

Permanent full time or part-time team members of Woolworths Group (including Endeavour Group) who were employed on or after 1 March 2020 (must have been employed by no later than 29 February 2020 to be eligible) or have ceased employment at the time the shares are allocated.

Other team members who are not eligible, regardless of hire date include:

• eligible for MyIncentive for all of F20
• eligible for MyIncentive for a portion of F20 (including because of a secondment) and their MyIncentive award is greater than $1,500; 
• Casual team members
• Fixed-term or maximum term team members
• Independent contractors and consultants
• Externally engaged contractors (labour-hire and/or not on Group payroll)
• Euro Garage, MeatCo, Statewide, WECU directly employed team members
• Team members who were on unpaid leave, group salary continuance insurance payments or receiving weekly workers compensation payments between 1 March and 30 April

* This is the Australian eligibility criteria; refer to the Better Together Share Award - New Zealand booklet for the New Zealand criteria.

How does the Better Together Share Award work?

If you are an eligible full-time permanent team member, you will receive an award of Shares up to a maximum value of $750, rounded down to the nearest whole number of Shares. If you are an eligible part-time team member, you will receive a pro-rata award based on your weekly/fortnightly or monthly contracted hours as a proportion of Full-Time Equivalent hours as at 29 February 2020. The minimum award will be up to $150, also rounded down to the nearest whole number of Shares. 

In Australia, the shares are tax-exempt if your adjusted taxable income is below $180,000.

In New Zealand, in providing you the award, the Woolworths Group has also covered the tax liability that would otherwise arise to you.

Restriction period

In order for shares issued under the Better Together Share Award 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 acquired under the Better Together Share Award can be transferred to you from the third anniversary of their allocation to you.

As with any financial decision, before you decide to participate in the Better Together Share Award, you need to consider your personal circumstances.  We encourage you to seek independent financial advice. A copy of the Better Together Share Award Booklet is on the award website from 10 June to 24 June 2020 and should be read thoroughly; a link to this document is also included below.

Reference documents for the Better Together Share Award include:

• Better Together Share Award - Australia
• Better Together Share Award - New Zealand

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Employee Share Plan (ESP)

The Employee Share Plan (ESP) was established in 1993 when Woolworths Group Limited 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.

 Employee Share Plan – FAQs

ESP Allocation dates and prices

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Employee Share Issue Plan (ESIP)

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.

Employee Share Issue Plan – FAQs

 ESIP Allocation dates and Prices

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
05/10/2000	13c	34%	9c	4c	13c
27/04/2001	12c	34%	8c	4c	12c
05/10/2001	15c	30%	10c	5c	15c
30/04/2002	15c	30%	10c	5c	15c
08/10/2002	18c	30%	12c	6c	18c
30/04/2003	18c	30%	12c	6c	18c
03/10/2003	21c	30%	15c	6c	21c
30/04/2004	21c	30%	15c	6c	21c
08/10/2004	24c	30%	18c	6c	24c
29/04/2005	24c	30%	18c	6c	24c
07/10/2005	27c	30%	20c	7c	27c
28/04/2006	28c	30%	21c	7c	28c
06/10/2006	31c	30%	23c	8c	31c
27/04/2007	35c	30%	27c	8c	35c
05/10/2007	39c	30%	30c	9c	39c
24/04/2008	44c	30%	34c	10c	44c
03/10/2008	48c	30%	37c	11c	48c
24/04/2009	48c	30%	37c	11c	48c
09/10/2009	56c	30%	43c	13c	56c
23/04/2010	53c	30%	41c	12c	53c
15/10/2010	62c	30%	47c	15c	62c
29/04/2011	57c	30%	44c	13c	57c
14/10/2011	65c	30%	50c	15c	65c
27/04/2012	59c	30%	45c	14c	59c
12/10/2012	67c	30%	61c	16c	67c
26/04/2013	62c	30%	47c	15c	62c
11/10/2013	71c	30%	n/a	n/a	71c
24/04/2014	65c	30%	n/a	n/a	65c
10/10/2014	72c	30%	n/a	n/a	72c
24/04/2015	67c	30%	n/a	n/a	67c
09/10/2015	72c	30%	n/a	n/a	72c
08/04/2016	44c	30%	n/a	n/a	44c
07/10/2016	33c	30%	n/a	n/a	33c
07/04/2017	34c	30%	n/a	n/a	34c