2000/10/06
RESULTS OF CAPITALISATION SHARE AWARD AND RIGHT OF ELECTION TO RECEIVE A FINAL [JSE Securities Exchange - SENS]
 
06/10/2000 - 20:03:26

WOOLWORTHS HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1929/001986/06)
("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, 1 SEPTEMBER 2000 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, 29 SEPTEMBER 2000.
ELECTIONS TO RECEIVE A FINAL CASH DIVIDEND OF 7,5 CENTS PER ORDINARY SHARE WERE
MADE IN RESPECT OF 593 922 697 ORDINARY SHARES RESULTING IN THE PAYMENT OF A
TOTAL CASH DIVIDEND OF R44 544 202,27.  ACCORDINGLY, 7 004 225 NEW ORDINARY
SHARES OUT OF A POSSIBLE 20 917 963 NEW ORDINARY SHARES ARE TO BE ISSUED
PURSUANT TO THE CAPITALISATION SHARE AWARD, BEING A 33,5% ACCEPTANCE OF SUCH
AWARD.
THE NEW ORDINARY SHARES ARE TO BE ISSUED IN THE RATIO OF 2,34 FOR EVERY 100
SHARES HELD. THE PRICE OF THE ORDINARY SHARES OF R3,36 USED TO DETERMINE THIS
RATIO WAS THE WEIGHTED AVERAGE TRADED PRICE OF ORDINARY SHARES ON THE
JOHANNESBURG STOCK EXCHANGE ("THE JSE") FOR THE FOUR BUSINESS DAYS ENDED
THURSDAY, 28 SEPTEMBER 2000.  THE EFFECTIVE ISSUE PRICE OF THE NEW ORDINARY
SHARES IS R3,20 AND IS CALCULATED AS FOLLOWS:
  DIVIDEND PER 100 SHARES    = 7,5
  CAPITALISATION ISSUE RATIO   2,34
FOLLOWING THE ISSUE OF THE NEW ORDINARY SHARES THE ISSUED ORDINARY SHARE
CAPITAL OF WOOLWORTHS WILL CONSIST OF 900 068 074 ORDINARY SHARES OF 0,15 CENTS
EACH.
LISTING OF NEW ORDINARY SHARES
THE LISTING OF 7 004 225 NEW ORDINARY SHARES IN WOOLWORTHS WILL COMMENCE ON THE
JSE FROM THE COMMENCEMENT OF BUSINESS ON WEDNESDAY, 11 OCTOBER 2000.
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, 11 OCTOBER
2000.
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
MONDAY, 9 OCTOBER 2000
SPONSORING BROKER
HSBC SECURITIES (SOUTH AFRICA) (PTY) LIMITED
REG. NO. 1999/010899/07
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
PRODUCED BY: SHIRLEY STEYN 06-10-2000 16:14 SENS

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