Why shareholders will scuttle Woodside's Shell game

Woodside's buyback of Shell's residual shareholding looks likely to fail, providing its opponents with an opportunity to force Woodside into an 'equal access' buyback for all shareholders.

With almost 60 per cent of those entitled to vote having lodged their proxies, 71.3 per cent of the votes are in favour of the buyback but 28.7 per cent are against. The proposal needs a 75 per cent majority of the votes cast to be approved.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles