| Tue 25 Aug 2009, 7:13 | | WHL - Woolworths Holdings - Specific issue of ordinary shares in Woolworths |
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WHL
WOWOW
WHL - Woolworths Holdings - Specific issue of ordinary shares in Woolworths
Holdings Limited for cash to Woolworths (Proprietary) Limited
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL ISIN: ZAE000063863
("Woolworths" or "the Company")
SPECIFIC ISSUE OF ORDINARY SHARES IN WOOLWORTHS HOLDINGS LIMITED FOR CASH TO
WOOLWORTHS (PROPRIETARY) LIMITED
1. The transaction
1.1 Details relating to the transaction
Shareholders are advised that Woolworths will issue up to 30 000 000 Woolworths
Holdings Limited ordinary shares ("the ordinary shares"), from its authorised
but unissued ordinary share capital, to Woolworths (Proprietary) Limited ("WPL")
a wholly-owned subsidiary of Woolworths, prior to the next annual general
meeting of the Company, for a subscription price of R14.56 per ordinary share,
which is equal to the volume weighted average price for the 30-day period to
Tuesday, 18 August 2009 ("the specific issue").
The ordinary shares to be issued in terms of the specific issue will rank pari
passu in all respects with the existing issued ordinary share capital of the
Company.
The ordinary shares to be issued to and held by WPL will be accounted for as
treasury shares and application will be made to the JSE Limited for the listing
of these shares, once they have been issued.
1.2 Financial effects
The pro forma financial effects of the specific issue on the Company`s earnings
per share, headline earnings per share, net asset value per share and net
tangible asset value per share for the six month period ended 31 December 2008
are not material or significant, and have therefore not been disclosed.
1.3 Posting of the circular and general meeting of shareholders
Woolworths posted a circular to shareholders regarding the specific issue on 24
August 2009. A general meeting of shareholders ("general meeting") of
Woolworths is convened, in terms of the notice of general meeting attached to
and forming part of the circular to shareholders, for Thursday, 10 September
2009. The general meeting will be held in the Auditorium, 1st Floor, Woolworths
House, 93 Longmarket Street, Cape Town at 11h00 and shareholders will be
requested to consider and, if deemed fit, to pass with or without modification
the ordinary resolutions required to implement the specific issue.
1.4 Important dates and times
2009
Circular posted to all shareholders on Monday,24 August
Last day to lodge proxy forms (by no later Tuesday,8 September
than 11h00) for the general meeting on
General meeting held at 11h00 on Thursday,10 September
Results of general meeting published on Thursday,10 September
SENS on
Results of general meeting published in the Friday,11 September
press on
Cape Town
25 August 2009
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/08/2009 07:13:02 Produced by the JSE SENS Department.
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