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Wesfarmers Limited (ASX:WES)

ALERT: Price-sensitive ASX Announcement for WES
Current share price for WES : $73.030 -18.65 (-20.34%)+
Announcement
Release
28 Aug 2025 8:01AM
Price at Release
$91.680
Full Release
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Summary
Wesfarmers Limited announced a proposed capital management initiative involving a distribution of $1.50 per share, comprised of a $1.10 capital component and a $0.40 fully-franked special dividend. The distribution, pending shareholder approval, totals approximately $1.7 billion, facilitated by asset sales such as Wesfarmers' remaining interest in Coles. The initiative aligns with the company's commitment to providing satisfactory shareholder returns and maintaining strong financial capacity. The Australian Taxation Office's Class Ruling is sought to confirm the distribution's tax treatment, with shareholder payments anticipated on 4 December 2025 if approved.
Key Points
  • Wesfarmers announced a proposed capital management initiative for shareholders of $1.50 per share.
  • The distribution is expected to comprise a capital component of $1.10 per share and a fully-franked special dividend of $0.40 per share.
  • The total distribution amount will be approximately $1.7 billion, subject to shareholder approval at the 2025 Annual General Meeting.
  • The initiative is supported by cash flow from recent asset sales, including Wesfarmers' residual interest in Coles.
  • A Class Ruling application has been lodged with the ATO to confirm tax treatment.
  • The Wesfarmers Dividend Investment Plan will apply to the dividend component for participating shareholders.
  • Shareholders are expected to receive payments on 4 December 2025 if approved.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.