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News: WES Wesfarmers' Demerger Of Coles Approved By Supreme Court, page-3

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Bernard99

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19/11/18

18:29

Post #: 36561532
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Originally posted by kchil: ↑

"19 November 2018 Wesfarmers Demerger of Coles approved by Supreme Court of Western Australia Wesfarmers Limited is pleased to announce that the Supreme Court of Western Australia today approved the scheme of arrangement (Scheme) for the demerger of Coles Group Limited (Coles) from Wesfarmers (Demerger). The Demerger was approved by shareholders at the General Meeting and Scheme Meeting held on Thursday, 15 November 2018. Wesfarmers intends to lodge a copy of the orders made by the Supreme Court of Western Australia with the Australian Securities and Investments Commission on Tuesday, 20 November 2018 and the Scheme will be effective on that date. Coles is expected to commence trading on ASX on Wednesday, 21 November 2018 under the ASX code ‘COL’, initially on a deferred settlement basis. Wesfarmers will trade on an ex-entitlement basis from Wednesday, 21 November 2018. The Demerger is expected to be implemented on Wednesday, 28 November 2018. Other key dates for implementing the Demerger are set out in the Scheme Booklet sent to shareholders and are as follows:" etc.

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I thought the share price would be going UP not DOWN - shows you what I know.....

WES Price at posting: $43.86 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $66.16		Change 0.820(1.25%)		Mkt cap ! $75.03B

Open	High	Low	Value	Volume
$65.25	$66.20	$65.21	$91.35M	1.383M

Buyers (Bids)

No.	Vol.	Price($)
1	5000	$66.15

Sellers (Offers)

Price($)	Vol.	No.
$66.17	1751	2

View Market Depth

No.	Vol.	Price($)
1	5000	66.150
1	10	66.120
1	41	66.090
1	4257	65.950
1	4257	65.910

Price($)	Vol.	No.
66.180	150	1
66.190	636	2
66.200	2798	4
66.250	2345	3
66.280	1550	3

Last trade - 16.10pm 08/07/2024 (20 minute delay)

WES (ASX) Chart