| Wed 31 Aug 2011, 17:06 | | WHL - Woolworths Holdings Limited - Acceptance of offer and acquisition of |
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WHL
WOWOW
WHL - Woolworths Holdings Limited - Acceptance of offer and acquisition of
shares in terms of the Woolworths share schemes
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1929/001986/06)
Share code: WHL
ISIN: ZAE000063863
("Woolworths", "the group" or "the company")
ACCEPTANCE OF OFFER AND ACQUISITION OF SHARES IN TERMS OF THE WOOLWORTHS SHARE
SCHEMES
In compliance with the JSE Limited ("JSE") Listings Requirements, the following
information is disclosed:
1. SHARE APPRECIATION RIGHTS SCHEME
Share appreciation rights ("SARs"), 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
30 August 2011 by the following:
Executive Number of SARs Grant price Transaction
directors value
I Moir 87 468 R31.44 R 2 749 993.92
Z Rylands 53 538 R31.44 R 1 683 234.72
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 30 August 2011 by
the following:
Executive Number of conditional Grant price Transaction
directors share awards value
I Moir 148 696 R31.44 R 4 675 002.24
Z Rylands 53 538 R31.44 R 1 683 234.72
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.
3. DEFFERED BONUS PLAN
The directors, as indicated, have utilised a portion of the after tax component
of their annual bonus to acquire shares which will be held in escrow in terms of
the Deferred Bonus Plan ("DBP"). In the event that the directors remain in the
employ of the company and retain these shares for a three year period from date
of offer, the company will make a matching award of Woolworths` shares to the
directors.
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Ian Moir
Company : Woolworths Holdings Limited
Date of transaction : 30 August 2011
Nature of transaction : Purchase of shares in terms of DBP
Class of securities : Ordinary shares
Number of shares : 29,600
Purchase price (weighted average) : R34.19
Total value of transaction : R1,012,024.00
Highest price : R34.35
Lowest price : R34.01
Nature of interest : Indirect beneficial
Clearance obtained : Yes
Transaction completed : On market
Director : Zyda Rylands
Company : Woolworths Holdings Limited
Date of transaction : 30 August 2011
Nature of transaction : Purchase of shares in terms of DBP
Class of securities : Ordinary shares
Number of shares : 14,700
Purchase price (weighted average) : R34.19
Total value of transaction : R502,593.00
Highest price : R34.35
Lowest price : R34.01
Nature of interest : Indirect beneficial
Clearance obtained : Yes
Transaction completed : On market
Cape Town
31 August 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 31/08/2011 17:06:00 Produced by the JSE SENS Department.
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