| Wed 30 Apr 2008, 15:33 | | WHL - Woolworths Holdings Limited - Acceptance By |
|
WHL
WOWOW
WHL - Woolworths Holdings Limited - Acceptance By Directors Of Share
Appreciation Rights And Conditional Awards
WOOLWORTHS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL ISIN: ZAE000063863
ACCEPTANCE BY DIRECTORS OF SHARE APPRECIATION RIGHTS AND CONDITIONAL AWARDS
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
1.SHARE APPRECIATION RIGHTS SCHEME (SARS)
Share appreciation rights (SARs), which vest after a 3 year performance period,
should the performance conditions be met, have been granted at a grant price of
R11,95 and were accepted on 30 April 2008 by the following:
Executive directors: SARs:
SN Susman (Chief executive officer): 176 392
AR Jennings: 142 259
Z Rylands : 91 767
NW Thomson: 87 904
Group secretary:
CL Lowe : 62 158
Should the performance conditions not be met after a 3 year period the SARs will
not vest. However, the performance conditions will be retested after year 4 and
if necessary after year 5. If the performance conditions are then met the SARs
will vest. Should the performance conditions not be met after year 5, the SARs
will lapse.
SARs are exercisable from the date of vesting to 7 years from the grant date.
2.LONG TERM INCENTIVE PLAN
Conditional share awards, which vest after a 3 year performance period, subject
to performance conditions and the extent that these have been met, have been
issued at a grant price of R11,95 and were accepted on 30 April 2008 by the
following:
Executive directors: conditional awards:
SN Susman (Chief executive officer): 299 867
AR Jennings: 142 259
Z Rylands: 91 767
NW Thomson: 87 904
Group secretary:
CL Lowe: 62 158
The rights and awards have been granted in terms of the rules of the share
schemes as approved by shareholders at a general meeting held on 15 November
2006.
Clearance has been received in terms of rule 3.66 of the JSE`s Listings
Requirements in respect of the above transactions. All interests in the
transactions are direct and beneficial.
Cape Town
30 April 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 30/04/2008 15:33:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
