OneMarket demerged from Westfield

Company News

by Rachael Jones

Technology company OneMarket (ASX:OMN) was demerged from Westfield (ASX:WFD) today.

The demerger scheme consideration is one OneMarket share for every 20 Westfield Corporation shares.

This has been transferred to each Westfield securityholder who was registered as the holder on 1 June 2018.

OneMarket grew out of Westfield’s retail-focused technology platform. It was rebranded as OneMarket last year.

Shares in OneMarket (ASX:OMN) are trading 2.22 per cent higher at $1.38. 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.