Woolworths Group Limited (WOW) demerger of Endeavour Group Limited (EDV) - June 2021

Woolworths Group Limited (WOW) completed the demerger of Endeavour Group Limited (EDV) on the 25th June 2021.

Eligible shareholders received 1 EDV share for each WOW share owned. The ATO has issued a Class Ruling CR 2021/50 for this demerger, and a copy can be obtained from the ATO website at https://www.ato.gov.au/law/view/document?docid=CLR/CR202150/NAT/ATO/00001

Instructions for Woolworths shareholders who acquired their Woolworths Group Limited shares on or after 20 September 1985 (post-CGT shares).

1. Click on the 'Portfolio’ tab and then click on the appropriate under ‘My Portfolio(s)’, which includes the WOW shares.
2. Under the ‘Securities Held’ section, find the row Woolworths Group Limited (WOW).
3. Click the drop-down button next to ‘Transactions’ on the same line, and select ‘New Reconstruction’.
   
   
   
4. In the Reconstruction window, enter the following:
   • Date as 01/07/2021.
     The number of shares participating, should be the same as the number of WOW shares owned on this date.
   • Under “New holdings for which rollover relief applies” Enter the following:
     
     • Code: WOW
     • Quantity: same amount as “number of shares participating” and
     • Cost base rolled over (%): 85.81%
     • Click on the plus symbol (+) to add another line.
     • On the new line, Code: EDV
     • Quantity: same amount as “number of shares participating” and
     • Cost base rolled over (%): 14.19%
       

5.  Click the ‘Trade Allocation’ tab.
   • Confirm that a trade allocation method has been selected.
     • If not, from the drop-down menu select one of the following options:
       Oldest First, Newest First, Smallest Capital Gain, Largest Capital Gain, or Same Proportion of Each.
       
6. Click “Save” and you have accounted for the WOW/EDV demerger in Portfolio Director.