As a result of its demerger from Wesfarmers, Coles shares have officially begun trading on the Australian Securities Exchange. Its shares were originally delisted in 2007 after its acquisition by Wesfarmers.
“We are pleased to be joining the ASX under our own name,” said Coles Chairman James Graham. “Listing Coles on the ASX as a standalone business marks the next phase in the evolution of a company that began as a single store in Collingwood 104 years ago. I speak for the entire board when I say it is an immense privilege to be with Coles for such a milestone, and we thank our 480,000-plus new shareholders for joining us on this journey.”
Coles shares will be transferred to eligible shareholders on 28 November and the shares will trade on a normal settlement basis from 29 November.