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WHL
WOWOW
WHL - Woolworths - Dealing In Securities By Directors, Exercise Of Options And
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
("Woolworths")
DEALING IN SECURITIES BY DIRECTORS, EXERCISE OF OPTIONS AND ACCEPTANCE BY
DIRECTORS OF SHARE APPRECIATION RIGHTS AND CONDITIONAL AWARDS
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
1. SALE OF SHARES
Company Woolworths Holdings Limited
Director Simon Susman
Date of transaction 8 December 2008
Nature of transaction Sale of shares in the name of
a family trust in terms of
the Woolworths Holdings Share
Trust
Number of securities 680 039
Class of securities Ordinary shares
Selling price (average) R11.75
Total value of transaction R7 990 458
Nature of director`s Indirect beneficial
interest
Clearance obtained Yes
Company Woolworths Holdings Limited
Director Simon Susman
Date of transaction 9 December 2008
Nature of transaction Sale of shares in the name of
a family trust in terms of
the Woolworths Holdings Share
Trust
Number of securities 100 000
Class of securities Ordinary shares
Selling price (average) R11.82
Total value of transaction R1 182 000
Nature of director`s Indirect beneficial
interest
Clearance obtained Yes
Company Woolworths Holdings Limited
Director Norman Thomson
Date of transaction 8 December 2008
Nature of transaction Sale of shares in the name of
a family trust in terms of
the Woolworths Holdings Share
Trust
Number of securities 10 000
Class of securities Ordinary shares
Selling price (average) R11.75
Total value of transaction R117 500
Nature of director`s Indirect beneficial
interest
Clearance obtained Yes
Company Woolworths Holdings Limited
Director Norman Thomson
Date of transaction 10 December 2008
Nature of transaction Sale of shares in the name of
a family trust in terms of
the Woolworths Holdings Share
Trust
Number of securities 36 667
Class of securities Ordinary shares
Selling price (average) R12.02
Total value of transaction R440 737
Nature of director`s Indirect beneficial
interest
Clearance obtained Yes
Company Woolworths Holdings Limited
Director Zyda Rylands
Date of transaction 10 December 2008
Nature of transaction Sale of shares in terms of
the Woolworths Holdings Share
Trust
Number of securities 12 500
Class of securities Ordinary shares
Selling price (average) R12.02
Total value of transaction R150 250
Nature of director`s Direct beneficial
interest
Clearance obtained Yes
Company Woolworths Holdings Limited
Group secretary Cherrie Lowe
Date of transaction 10 December 2008
Nature of transaction Sale of shares in terms of
the Woolworths Holdings Share
Trust
Number of securities 35 000
Class of securities Ordinary shares
Selling price (average) R12.02
Total value of transaction R420 700
Nature and extent of Direct beneficial
interest
Clearance obtained Yes
2. EXERCISE OF OPTIONS
Company Woolworths Holdings Limited
Group secretary Cherrie Lowe
Date of transaction 10 December 2008
Nature of transaction Exercise of options
Class of securities Options in respect of
ordinary shares
Number of options 35 266
exercised
Option strike price R2.77
Total value of transaction R97 686
Nature and extent of Direct beneficial
interest
Clearance obtained Yes
3. EXERCISE OF OPTIONS AND SALE OF SHARES
Company Woolworths Holdings Limited
Director Zyda Rylands
Date of transaction 10 December 2008
Nature of transaction Exercise of options and
subsequent sale of shares in
respect of the options
Class of securities Options in respect of
ordinary shares
Number of options 11 500
exercised
Option strike price R2.60
Value of exercise R29 900
Number of shares sold 11 500
Selling price (average) R12.02
Value of sale R138 230
Nature and extent of Direct beneficial
director`s interests
Clearance obtained Yes
Company Woolworths Holdings Limited
Director Zyda Rylands
Date of transaction 10 December 2008
Nature of transaction Exercise of options and
subsequent sale of shares in
respect of the options
Class of securities Options in respect of
ordinary shares
Number of options 17 500
exercised
Option strike price R2.90
Value of exercise R50 750
Number of shares sold 17 500
Selling price (average) R12.02
Value of sale R210 350
Nature and extent of Direct beneficial
director`s interests
Clearance obtained Yes
4. 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 a grant
price of R11.94 and were accepted on 9 December 2008 by the following:
Director Norman Thomson 83 547
Group secretary Cherrie Lowe 79 624
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.
4. 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 R11.94 and were accepted on 10 December
2008 by the following:
Director Norman Thomson 83 548
Group secretary Cherrie Lowe 79 624
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 indirect and beneficial.
Cape Town
10 December 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/12/2008 16:52:02 Produced by the JSE SENS Department.
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