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WHL
WOWOW
WHL - Woolworths Holdings Limited - Acceptance by directors and the 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
("Woolworths" or "the Group" or "the company")
ACCEPTANCE BY DIRECTORS AND THE 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
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 31 August 2010 by the following:
Executive directors: Number of SARs Grant price
I Moir 117 823 R23.34
Z Rylands 72 118 R23.34
NW Thomson 62 635 R23.34
Group secretary:
CL Lowe 45 158 R23.34
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.
The total value of this transaction is R6 949 111.56.
2. LONG TERM INCENTIVE SCHEME
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 31 August 2010 by
the following:
Number of conditional
Executive directors: share awards Grant price
I Moir 200 300 R23.34
Z Rylands 72 118 R23.34
NW Thomson 62 635 R23.34
Group secretary:
CL Lowe 45 158 R23.34
The total value of this transaction is R8 874 124.74.
Clearance has been received in terms of rule 3.66 of the JSE Listing
Requirements in respect of the above transactions. All interests in the
transactions are direct and beneficial. Both the SARs and conditional share
awards are in respect of ordinary shares, and all transactions were completed
off market.
Cape Town
1 September 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 01/09/2010 13:49:01 Produced by the JSE SENS Department.
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