1998/10/01
WOOLWORTHS HOLDINGS LIMITED [JSE Securities Exchange - SENS]
 
01/10/1998 - 18:23:43

WOOLWORTHS
WOOLWORTHS HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/01986/06)
("WOOLWORTHS")
RESULTS OF CAPITALISATION AWARD AND RIGHT OF ELECTION TO RECEIVE A FINAL
DIVIDEND OF 7,5 CENTS PER SHARE IN LIEU THEREOF.
THE RIGHT OF ORDINARY SHAREHOLDERS REGISTERED AT THE CLOSE OF BUSINESS ON
FRIDAY, 28 AUGUST 1998 TO ELECT TO RECEIVE A FINAL DIVIDEND OF 7,5 CENTS PER
ORDINARY SHARE ("THE ORDINARY SHARES") INSTEAD OF THE AWARD OF CAPITALISATION
SHARES, CLOSED AT 12:00 ON FRIDAY, 25 SEPTEMBER 1998.
ELECTIONS TO RECEIVE THE FINAL CASH DIVIDEND OF 7,5 CENTS PER ORDINARY SHARE
WERE MADE IN RESPECT OF 369 309 280 ORDINARY SHARES RESULTING IN THE
DECLARATION OF A TOTAL DIVIDEND OF R27 698 195,99. ACCORDINGLY, 12 618 370 NEW
ORDINARY SHARES ("THE NEW ORDINARY SHARES") OUT OF A POSSIBLE 22 524 340 NEW
ORDINARY SHARES ARE TO BE ISSUED PURSUANT TO THE CAPITALISATION SHARE AWARD,
BEING A 56% ACCEPTANCE OF SUCH AWARD.
FOLLOWING THE ISSUE OF THE NEW ORDINARY SHARES THE ISSUED ORDINARY SHARE
CAPITAL OF WOOLWORTHS WILL CONSIST OF 852 533 490 ORDINARY SHARES OF 0,15 CENTS
EACH.
LISTING OF NEW ORDINARY SHARES
THE LISTING OF 12 618 370 NEW ORDINARY SHARES IN WOOLWORTHS WILL COMMENCE ON
THE JOHANNESBURG STOCK EXCHANGE FROM THE COMMENCEMENT OF BUSINESS OF MONDAY, 5
OCTOBER 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 MONDAY, 5 OCTOBER 1998.
CAPE TOWN
FRIDAY, 1 OCTOBER 1998
SPONSORING BROKER
HSBC SIMPSON MCKIE (PTY) LIMITED
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REG. NO. 84/01736/07
PRODUCED BY: ELIZE BLOM 01-10-1998 17:42 SENS

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