| Wed 22 Oct 2008, 16:00 | | WHL - Woolworths Holdings Limited - Acceptance by directors of share |
|
WHL
WOWOW
WHL - Woolworths Holdings Limited - Acceptance by directors of share
appreciation rights, conditional awards and options
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, CONDITIONAL AWARDS AND
OPTIONS
In compliance with the JSE Limited ("JSE") Listings Requirements, the following
information is disclosed:
1. SHARE APPRECIATION RIGHTS SCHEME
Share appreciation rights (SARs), which vest after a 3 year performance period,
should the performance conditions be met, have been granted at the grant price
as indicated and were accepted on 20 October 2008 by the following:
Executive directors : Number of SARs Grant price
SN Susman : 176 540 R11,94
AR Jennings : 150 755 R11,94
Z Rylands : 125 628 R11,94
Z Rylands : 169 456 R11,95
NW Thomson : 87 978 R11,94
Group secretary:
CL Lowe : 62 210 R11,94
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 to which these have been met, have been
issued at the grant price as indicated and were accepted on 20 October 2008 by
the following:
Executive directors Number of Grant price
conditional
share awards
SN Susman : 300 118 R11,94
AR Jennings : 150 755 R11,94
Z Rylands : 125 628 R11,94
Z Rylands : 169 456 R11,95
NW Thomson : 87 978 R11,94
Group secretary:
CL Lowe : 62 210 R11,94
3. SHARE OPTION AND PURCHASE SCHEME
Director : Z Rylands
Nature of transaction : Acceptance of options
Date of acceptance : 20 October 2008
Class of securities : Options in respect of ordinary
shares
Number of securities : 326 395
Strike price : R10,57
Total value of transaction : R3 449 995.15
Clearance has been received in terms of rule 3.66 of the JSE Listings
Requirements in respect of the above transactions. All interests in the
transactions are direct and beneficial.
Cape Town
22 October 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 22/10/2008 16:00:10 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.
