Woodside shareholders lose to Shell

The use of shareholders’ funds to buy-back shares owned by Shell comes at a big cost to the company’s other investors.

Woodside announced on Monday that it plans to buy-back 78.3 million of its shares held by Shell. This is 9.5% of Woodside’s issued capital. Woodside will pay Shell $US34.24 ($A36.49) per share. The buy-back price has been split into a fully-franked dividend of $US26.29 and a capital component of $US7.95.


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