BENTONVILLE, Ark., April 10, 2015 - As a result of Walmart’s stock buyback programs over the last several years, the percentage of common stock owned by Walton Enterprises, LLC has risen to approximately 50 percent.
Given the prospect that Walmart may continue to buy back shares, the Walton family has informed Walmart that it currently expects to sell Walmart shares from time to time in order to help offset possible further increases in its ownership percentage and to help fund charitable contributions. The family believes that this is consistent with an appropriate balance of family and non-family ownership that supports the goals of all Walmart shareholders and long term business success.
In order to
facilitate these sales, the Walton family has informed Walmart that
approximately 6 percent of Walmart’s outstanding shares are being distributed
to a newly formed entity, the Walton Family Holdings Trust. The Walton family has informed Walmart that
the Trust has no set timetable for the sale of shares and anticipates this may
take place over a period of years.