Woolworths Limited
(ASX:WOW) investors have followed the board’s lead and rejected a move to restrict Woolies from operating pokies.
More than 95 per cent of the supermarket giant’s shareholders have voted against the resolution to impose limits on Woolworths ability to operate gaming machines.
Social activist group GetUp! led the movement which was put to shareholders at an extraordinary general meeting in Adelaide today.
Chairman James Strong says the board cannot see how singling out Woolworths will alleviate problem gambling in Australia and that the company is committed to being Australia's most responsible operator of hotels and gaming facilities.
Woolworths delivered a full year net profit of $1.8 billion in the 2012 financial year.
