| Thu 10 Sep 2009, 12:56 | | WHL - Woolworths Holdings - Results of general meeting and finalisation of cash |
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WHL
WOWOW
WHL - Woolworths Holdings - Results of general meeting and finalisation of cash
distribution
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL ISIN: ZAE000063863
("Woolworths" or "the Company")
RESULTS OF GENERAL MEETING AND FINALISATION OF CASH DISTRIBUTION
Woolworths shareholders are referred to the circular to Woolworths shareholders
dated 24 August 2009 ("Circular") regarding the specific issue of Woolworths
ordinary shares for cash to Woolworths (Proprietary) Limited ("Specific Issue")
and the announcement released on SENS on 27 August 2009 regarding the proposed
cash distribution of 53.5 cents per ordinary share by Woolworths.
Woolworths shareholders are advised that all of the resolutions neccesary to
approve and implement the Specific Issue have been passed, in general meeting
held on Thursday 10 September 2009, by the requisite number of votes.
Accordingly, Woolworths will make a cash distribution of 53.5 cents per ordinary
share to ordinary shareholders, in lieu of the final dividend for the year ended
30 June 2009, by way of a capital reduction out of the Company`s share premium
account ("Distribution"). The Distribution will be in the form of a general
payment to shareholders in terms of Section 90 of the Companies Act, 1973 (Act
61 of 1973), as amended.
The important dates with respect to the Distribution are set out below:
Last day to trade to be recorded in the register on
the record date, in order to receive the 2009
Distribution, on Thursday,17 September
Ordinary shares trade `ex` the Distribution on Friday, 18 September
Record date for the Distribution on Friday, 25 September
Distribution paid to certificated shareholders on Monday, 28 September
Distribution credited to accounts of dematerialised Monday, 28 September
shareholders, held by their CSDP or broker on
Cape Town
10 September 2009
Merchant bank and sponsor to Woolworths
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/09/2009 12:56:42 Produced by the JSE SENS Department.
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