1999/10/08
RESULTS OF CAPITALISATION SHARE AWARD AND RIGHT OF ELECTION TO RECEIVE A FINAL [JSE Securities Exchange - SENS]
 
08/10/1999 - 20:00:55

WOOLWORTHS HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/01986/06)
("WOOLWORTHS")
RESULTS OF CAPITALISATION SHARE AWARD AND RIGHT OF ELECTION TO RECEIVE A FINAL
CASH DIVIDEND OF 7,5 CENTS PER SHARE IN LIEU THEREOF.
THE RIGHT OF ORDINARY SHAREHOLDERS REGISTERED AT THE CLOSE OF BUSINESS ON
FRIDAY, 3 SEPTEMBER 1999 TO ELECT TO RECEIVE A FINAL CASH DIVIDEND OF 7,5 CENTS
PER ORDINARY SHARE INSTEAD OF THE AWARD OF CAPITALISATION SHARES ("THE NEW
ORDINARY SHARES"), CLOSED AT 12:00 ON FRIDAY, 1 OCTOBER 1999.
ELECTIONS TO RECEIVE THE FINAL CASH DIVIDEND OF 7,5 CENTS PER ORDINARY SHARE
WERE MADE IN RESPECT OF 434 909 611 ORDINARY SHARES RESULTING IN THE PAYMENT OF
A TOTAL CASH DIVIDEND OF R32 618 220,82. ACCORDINGLY, 8 447 745 NEW ORDINARY
SHARES OUT OF A POSSIBLE 16 892 478 NEW ORDINARY SHARES ARE TO BE ISSUED
PURSUANT TO THE CAPITALISATION SHARE AWARD, BEING A 50% ACCEPTANCE OF SUCH
AWARD.
THE NEW ORDINARY SHARES ARE TO BE ISSUED IN THE RATIO OF 1,941721 FOR EVERY 100
SHARES HELD. THE PRICE OF THE ORDINARY SHARES OF R4,055680 USED TO DETERMINE
THIS RATIO WAS THE WEIGHTED AVERAGE TRADED PRICE OF ORDINARY SHARES ON THE
JOHANNESBURG STOCK EXCHANGE FOR THE FOUR BUSINESS DAYS ENDING ON THURSDAY, 30
SEPTEMBER 1999. THE EFFECTIVE ISSUE PRICE OF THE NEW ORDINARY SHARES IS
R3,862553 AND IS CALCULATED AS FOLLOWS:
DIVIDEND PER 100 SHARES     =  R7,50
CAPITALISATION ISSUE RATIO     1,941721
FOLLOWING THE ISSUE OF THE NEW ORDINARY SHARES THE ISSUED ORDINARY SHARE
CAPITAL OF WOOLWORTHS WILL CONSIST OF 878 532 176 ORDINARY SHARES OF 0,15 CENTS
EACH.
LISTING OF NEW ORDINARY SHARES
THE LISTING OF 8 447 745 NEW ORDINARY SHARES IN WOOLWORTHS WILL COMMENCE ON THE
JOHANNESBURG STOCK EXCHANGE FROM THE COMMENCEMENT OF BUSINESS ON WEDNESDAY, 13
OCTOBER 1999.
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 WEDNESDAY, 13 OCTOBER
1999.
FRACTIONAL ENTITLEMENTS
IN TERMS OF THE SPECIAL RESOLUTION PASSED AT THE 1998 ANNUAL GENERAL MEETING OF
WOOLWORTHS SHAREHOLDERS, ENTITLEMENTS TO FRACTIONS OF SHARES AND DIVIDENDS WITH
A VALUE OF LESS THAN R5,00 PER SHAREHOLDER WERE AGGREGATED AND THE TOTAL
PROCEEDS WILL BE DONATED TO A REGISTERED CHARITY APPROVED BY THE DIRECTORS OF
WOOLWORTHS.
CAPE TOWN
FRIDAY, 08 OCTOBER 1999
SPONSORING BROKER
HSBC SECURITIES (SOUTH AFRICA) (PTY) LIMITED
REG. NO. 99/10899/07
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
TRANSFER SECRETARIES
MERCANTILE REGISTRARS LIMITED
REG. NO. 87/03382/06
PRODUCED BY: ELIZE BLOM 08-10-1999 16:01 SENS

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