May 10 (Reuters) - Woolworths Group Ltd WOW.AX :
* DEMERGER OF ENDEAVOUR GROUP-WOW.AX
* DETERMINED DEMERGER OF ENDEAVOUR GROUP IS LIKELY TO ENHANCE SHAREHOLDER VALUE OVER TIME
* WOOLWORTHS GROUP AND BRUCE MATHIESON GROUP, WILL EACH HOLD A 14.6% INTEREST IN ENDEAVOUR GROUP
* ELIGIBLE SHAREHOLDERS WILL RECEIVE ONE NEW ENDEAVOUR SHARE FOR EVERY WOOLWORTHS SHARE HELD
* WOOLWORTHS GROUP'S DIRECTORS UNANIMOUSLY RECOMMEND THAT SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED DEMERGER RESOLUTIONS
* ENDEAVOUR GROUP INTENDS TO FOLLOW WOOLWORTHS' DIVIDEND POLICY
* ENDEAVOUR CONFIRMED TO CO IT EXPECTS TO PAY DIVIDEND OF 70% TO 75% OF NPAT FOR H2 OF FINANCIAL YEAR 2021