Woolworths shares fall
RETAILER NEWS
Business Report - Jun 14th 2011, 10:45
Shares of South Africa's Woolworths drop 2.6 percent as the retailer enters a closed period in which it will repurchase ordinary shares worth up to 500 million rand ($73.48 million).
The closed period ends on August 25 when the food and clothes chain store is scheduled to release full-year financial results.
Woolworths announced late Friday it would buy shares only 10 percent above the volume weighted average trading price over the five preceding trading days. For more information on Woolworths click here
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 | WoolworthsWoolworths Holdings Limited is an investment holding company and one of the top 100 companies listed on the Johannesburg Securities Exchange. Its core business focus is the provision of retail and financial services to upper and middle income groups ...Click here to read more about Woolworths |
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