1998/04/03
RESULTS OF CAPITALISATION AWARD - WOOLWORTHS [JSE Securities Exchange - SENS]
 
06/04/1998

WHL
RESULTS OF CAPITALISATION AWARD - WOOLWORTHS
RESULTS OF CAPITALISATION AWARD AND RIGHT OF ELECTION TO RECEIVE A FINAL
DIVIDEND OF 6,5 CENTS PER SHARE IN LIEU THEREOF
WOOLWORTHS HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/01986/07)
("WOOLWORTHS")
RESULTS OF CAPITALISATION AWARD AND RIGHT OF ELECTION TO RECEIVE A FINAL
DIVIDEND OF 6,5 CENTS PER SHARE IN LIEU THEREOF
THE RIGHT OF ORDINARY SHAREHOLDERS REGISTERED AT THE CLOSE OF BUSINESS ON
FRIDAY, 27 FEBRUARY 1998 TO ELECT TO RECEIVE AN INTERIM DIVIDEND OF 6,5 CENTS
PER ORDINARY SHARE ("THE ORDINARY SHARES") INSTEAD OF THE AWARD OF
CAPITALISATION SHARES, CLOSED AT 12:00 ON FRIDAY, 27 MARCH 1998.
ELECTIONS TO RECEIVE THE INTERIM CASH DIVIDEND OF 6,5 CENTS PER ORDINARY SHARE
WERE MADE IN RESPECT OF 5 584 723 ORDINARY SHARES RESULTING IN THE DECLARATION
OF A TOTAL DIVIDEND OF R9 761 424,81.  ACCORDINGLY,  5 584 723 NEW ORDINARY
SHARES ("THE NEW ORDINARY SHARES") OUT OF A POSSIBLE 6 957 910 NEW ORDINARY
SHARES ARE TO BE ISSUED PURSUANT TO THE CAPITALISATION SHARE AWARD, BEING A
80,3% ACCEPTANCE OF SUCH AWARD.
FOLLOWING THE ISSUE OF THE NEW ORDINARY SHARES THE ISSUED ORDINARY SHARE
CAPITAL OF WOOLWORTHS WILL CONSIST OF 765 829 035 ORDINARY SHARES OF 0,15 CENTS
EACH.
LISTING OF NEW ORDINARY SHARES
THE LISTING OF 5 584 723 NEW ORDINARY SHARES IN WOOLWORTHS WILL COMMENCE ON THE
JOHANNESBURG STOCK EXCHANGE FROM THE COMMENCEMENT OF BUSINESS ON MONDAY, 6
APRIL 1998.
POSTING OF SHARE CERTIFICATES AND CHEQUES
SHARE CERTIFICATES IN RESPECT OF NEW ORDINARY SHARES AND CHEQUES IN RESPECT OF
DIVIDENDS AND/OR PAYMENTS IN LIEU OF FRACTIONAL ENTITLEMENTS TO NEW ORDINARY
SHARES WILL BE POSTED TO THE RELEVANT SHAREHOLDERS ON OR ABOUT MONDAY, 6 APRIL
1998.
CAPE TOWN
MONDAY, 6 APRIL 1998
SPONSORING BROKER
HSBC SIMPSON MCKIE
PRODUCED BY: PATIENCE MOATSHE 03-04-1998 16:57 SENS

PUBLISHER : JSE SENS Feed
Source: JSE Securities Exchange - SENS
 
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