Australia’s largest share float, in Australian history

On the 19th May, 1993 the Chairman, Paul Simons announced that Woolworths Ltd would be offered to the public in the largest share float in Australian history. The Company was relisted on the Stock Exchange in June 1993. One billion shares were offered and investors responded by applying for 2.65 billion. Included in the shareholders are 19,000 members of Woolworths staff who at the time of the float had two or more years full-time service with the Company and who were offered shares under the Employee Share Plan, a continuing initiative to allow staff members a share of their Company.