Shareholders to face activist lobbying on Woolworths vote

Shareholders in retailer Woolworths Limited will be asked at a November extraordinary general meeting (EGM) to vote on a motion demanding the company limit the poker machines they own to AU$1 bets. GetUp, the activist group behind the campaign to curb gambling, will turn its attention to persuading investors to back the motion, meaning that superannuation funds will have to decide how to vote on a social issue that impacts on Woolworths' reputation and its bottom line.