On 10 May 2021, Woolworths Group announced its intention to separate Endeavour Group by way of a demerger. The Demerger Booklet and supporting documents can be accessed below.
A General Meeting of shareholders of Woolworths Group Limited was held Friday, 18 June 2021 to approve the demerger. The results of the meeting can be accessed here.
As outlined in the Demerger Booklet, Woolworths Group shareholders will retain all their existing Woolworths Group shares. Eligible shareholders received one new Endeavour Group share for every Woolworths Group share held on the demerger record date at 7:00 pm (AEST), Friday, 25 June 2021.
Woolworths Group shares commenced trading on the ASX ex-entitlements under the demerger from Thursday, 24 June 2021.
Endeavour Group shares commenced trading separately on the ASX from Thursday, 24 June 2021, initially on a conditional and deferred settlement basis. Trading on the ASX of Endeavour Group shares on a normal settlement basis commenced on Thursday, 1 July 2021. Endeavour Group shares trade under the code “EDV”.
The basis for cost base apportionment has been determined by the ATO and published by the ATO as part of the final demerger tax relief class ruling. The class ruling can be accessed here.
The ATO accepts that a reasonable apportionment is to attribute: