How to handle Woolworths Share BuyBack

Sharesight makes it easy for investors to handle corporate actions (even complicated acquisitions) and track the capital gains tax implications. By using Sharesight to track the Woolworths Share Buy-Back (WOW) you maintain an accurate record of your portfolio performance.

1 – On the Portfolio Overview Page, click on Woolworths Group Ltd (WOW.ASX) to go to the Individual Holding Page.

2 – Click ‘Enter a new Trade or Adjustment’.

3 – On the pop-up window, select ‘Sell’ from the transaction type dropdown.

Based on the Buyback Scheme Booklet, set the:

4 – ‘Date of trade’: 27 May 2019

5 – ‘Quantity’: Amount of shares bought back

6 – ‘Share price’: Enter 4.79.

7 – Comment: Woolworths BuyBack. The Buyback Record Date is on 27 May 2019.

According to the latest information, for Australian capital gains tax purposes, the deemed capital proceeds is $7.50. We suggest downloading the CGT report to excel and adding $2.71 ($7.50 less $4.79) to the Capital component of the Buy-back price at the end of the tax year.

8 – ‘Choose a file’: to help keep your records in order, you can attach the Woolworths Off-market Buyback letter.

9 – Click ‘Save this trade’ button.

Example: If Woolworths bought back 1,000 WOW shares for the Buyback Programme, the total sell value is $4,790 (1,000 x $4.79).

10– Click ‘Enter a new Dividend’.

11 - ‘Paid On’: 30 May 2019

12 - Ex-date’: 27 May 2019

13 – ‘Franked Amount’: A$24.15 x number of WOW shares held on Scheme Record Date

Example: If Woolworths bought back 1,000 WOW shares for the Buyback Programme, the Franked Amount is $24,150 (1,000 x $24.15).

14 – ‘Franking Credits’: A$10.35 x number of WOW shares held on Scheme Record Date

Example: If Woolworths bought back 1,000 WOW shares for the Buyback Programme, the Franking Credits is $10,350 (1,000 x $10.35).

15 - Comment: Woolworths BuyBack. Record Date is on 27 May 2019

16 - Click ‘Save new payment’.

Last modified on August 19, 2021 UTC