Aug 11 (Reuters) - Woolworths Group Ltd WOW.AX :
* ANNOUNCES A PROPOSAL TO RESTRUCTURE SECURITY WOOLWORTHS HOLDS FOR ITS GUARANTEE OF MASTERS LEASES THAT TRANSFERRED TO HOME CONSORTIUM
* PROPOSAL WOULD SIMPLIFY EXISTING HOME CONSORTIUM ARRANGEMENTS WHILST KEEPING WOOLWORTHS GROUP NO WORSE OFF THAN ITS CURRENT POSITION
* HOME CONSORTIUM WILL SEEK SECURITYHOLDER APPROVAL FOR THIS PROPOSAL AT ITS 2020 AGM
* CONFIRMS PROPOSAL SOLELY RELATES TO SIMPLIFICATION OF SECURITY ARRANGEMENTS
* PROPOSAL DOES NOT REFLECT ANY INTENTION OF CORPORATE ACTIVITY IN RELATION TO HOME CONSORTIUM
* DEAL BETWEEN HICT, HOME CONSORTIUM & CO CONTAINS HICT'S UNDERTAKING TO HOLD 80 MILLION HOME CONSORTIUM STAPLED SECURITIES FOR AN AGREED TIME