| Tue 15 Sep 2009, 14:54 | | WHL - Woolworths Holdings - Acceptance By Directors And Group Secretary Of Share |
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WHL
WOWOW
WHL - Woolworths Holdings - Acceptance By Directors And Group Secretary 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 AND GROUP SECRETARY 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
R15.00 and were accepted on 14 September 2009 by the following:
Executive directors : SARs:
SN Susman (Chief executive officer): 140,526
AR Jennings: 133,333
Z Rylands: 107,000
NW Thomson: 84,667
Group secretary:
CL Lowe: 67,000
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 R15.00 and were accepted on 14 September 2009 by the
following:
Executive directors: conditional awards:
SN Susman (Chief executive officer): 238,894
AR Jennings: 133,333
Z Rylands: 107,000
NW Thomson: 84,667
Group secretary:
CL Lowe: 67,000
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
15 September 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/09/2009 14:54:32 Produced by the JSE SENS Department.
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