2008/10/22
WHL - Woolworths Holdings Limited - Acceptance by directors of share [JSE Securities Exchange - SENS]
 
WOWOW                                                                           
WHL - Woolworths Holdings Limited - Acceptance by directors of share            
appreciation rights, conditional awards and options                             
WOOLWORTHS HOLDINGS LIMITED                                                     
(Incorporated in the Republic of South Africa)                                  
Registration number 1929/001986/06                                              
Share code: WHL ISIN: ZAE000063863                                              
ACCEPTANCE BY DIRECTORS OF SHARE APPRECIATION RIGHTS, CONDITIONAL AWARDS AND    
OPTIONS                                                                         
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, 
should the performance conditions be met, have been granted at the grant price  
as indicated and were accepted on 20 October 2008 by the following:             
    Executive directors      :    Number of SARs      Grant price               
    SN Susman                :    176 540             R11,94                    
    AR Jennings              :    150 755             R11,94                    
    Z Rylands                :    125 628             R11,94                    
    Z Rylands                :    169 456             R11,95                    
    NW Thomson               :    87 978              R11,94                    
    Group secretary:                                                            
    CL Lowe                  :    62 210              R11,94                    
Should the performance conditions not be met after a 3 year period the SARs will
not vest.  However, the performance conditions will be retested after year 4 and
if necessary after year 5.  If the performance conditions are then met the SARs 
will vest.  Should the performance conditions not be met after year 5, the SARs 
will lapse.                                                                     
SARs are exercisable from the date of vesting to 7 years from the grant date.   
2.   LONG TERM INCENTIVE PLAN                                                   
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 20 October 2008 by  
the following:                                                                  
Executive directors           Number of      Grant price                        
                             conditional                                        
share awards                                                                    
    SN Susman                :    300 118        R11,94                         
    AR Jennings              :    150 755        R11,94                         
    Z Rylands                :    125 628        R11,94                         
    Z Rylands                :    169 456        R11,95                         
    NW Thomson               :    87 978         R11,94                         
    Group secretary:                                                            
    CL Lowe                  :    62 210         R11,94                         
3.   SHARE OPTION AND PURCHASE SCHEME                                           
    Director                           :    Z Rylands                           
    Nature of transaction              :    Acceptance of options               
    Date of acceptance                 :    20 October 2008                     
    Class of securities                :    Options in respect of ordinary      
                                            shares                              
    Number of securities               :    326 395                             
    Strike price                       :    R10,57                              
    Total value of transaction         :    R3 449 995.15                       
Clearance has been received in terms of rule 3.66 of the JSE Listings           
Requirements in respect of the above transactions.  All interests in the        
transactions are direct and beneficial.                                         
Cape Town                                                                       
22 October 2008                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 22/10/2008 16:00:10 Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          
Source: JSE Securities Exchange - SENS
 
DISCLAIMER: http://www.mcgbfa.com/disclaimer.htm
 
Email
 
Print