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Shares of South Africa's Woolworths drop 2.6 percent
Shares of South Africa's Woolworths drop 2.6 percent

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 

Read more about: woolworths | retailers | fmcg |

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