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What’s happening with Woolworths class action case

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What’s happening with Woolworths class action case

“Good Morning MM Team, can you give any detail on the Woolworths decision to settle the class action. I bought their shares in the specified period but can’t seem to find if I get a payout or how much it would be.” - Thanks, Richard L.

Answer

Morning Richard,

As you know the relevant period for the Woolworths (WOW) class action is August 29th 2014 and May5, 2015, I imagine at this stage you will receive a proportional $$ amount depending on the volume of shares purchased once all the red tape is finalised and of course WOW’s offer has been accepted.

WOW
MM believes WOW is looking to pay $4.5m to the impacted shareholders
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