2008/12/10
WHL - Woolworths - Dealing In Securities By Directors, Exercise Of Options And [JSE Securities Exchange - SENS]
 
WOWOW                                                                           
WHL - Woolworths - Dealing In Securities By Directors, Exercise Of Options And  
Acceptance By Directors Of Share Appreciation Rights And Conditional Awards     
WOOLWORTHS HOLDINGS LIMITED                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration number 1929/001986/06)                                            
Share code: WHL       ISIN: ZAE000063863                                        
("Woolworths")                                                                  
DEALING IN SECURITIES BY DIRECTORS, EXERCISE OF OPTIONS AND ACCEPTANCE BY       
DIRECTORS OF SHARE APPRECIATION RIGHTS AND CONDITIONAL AWARDS                   
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
1.   SALE OF SHARES                                                             
                                                                                
Company                     Woolworths Holdings Limited                         
Director                    Simon Susman                                        
Date of transaction         8 December 2008                                     
Nature of transaction       Sale of shares in the name of                       
                           a family trust in terms of                           
                           the Woolworths Holdings Share                        
                           Trust                                                
Number of securities        680 039                                             
Class of securities         Ordinary shares                                     
Selling price (average)     R11.75                                              
Total value of transaction  R7 990 458                                          
Nature of director's        Indirect beneficial                                 
interest                                                                        
Clearance obtained          Yes                                                 
Company                     Woolworths Holdings Limited                         
Director                    Simon Susman                                        
Date of transaction         9 December 2008                                     
Nature of transaction       Sale of shares in the name of                       
                           a family trust in terms of                           
                           the Woolworths Holdings Share                        
                           Trust                                                
Number of securities        100 000                                             
Class of securities         Ordinary shares                                     
Selling price (average)     R11.82                                              
Total value of transaction  R1 182 000                                          
Nature of director's        Indirect beneficial                                 
interest                                                                        
Clearance obtained          Yes                                                 
                                                                                
                                                                                
Company                     Woolworths Holdings Limited                         
Director                    Norman Thomson                                      
Date of transaction         8 December 2008                                     
Nature of transaction       Sale of shares in the name of                       
                           a family trust in terms of                           
                           the Woolworths Holdings Share                        
                           Trust                                                
Number of securities        10 000                                              
Class of securities         Ordinary shares                                     
Selling price (average)     R11.75                                              
Total value of transaction  R117 500                                            
Nature of director's        Indirect beneficial                                 
interest                                                                        
Clearance obtained          Yes                                                 
Company                     Woolworths Holdings Limited                         
Director                    Norman Thomson                                      
Date of transaction         10 December 2008                                    
Nature of transaction       Sale of shares in the name of                       
                           a family trust in terms of                           
                           the Woolworths Holdings Share                        
                           Trust                                                
Number of securities        36 667                                              
Class of securities         Ordinary shares                                     
Selling price (average)     R12.02                                              
Total value of transaction  R440 737                                            
Nature of director's        Indirect beneficial                                 
interest                                                                        
Clearance obtained          Yes                                                 
Company                     Woolworths Holdings Limited                         
Director                    Zyda Rylands                                        
Date of transaction         10 December 2008                                    
Nature of transaction       Sale of shares in terms of                          
                           the Woolworths Holdings Share                        
                           Trust                                                
Number of securities        12 500                                              
Class of securities         Ordinary shares                                     
Selling price (average)     R12.02                                              
Total value of transaction  R150 250                                            
Nature of director's        Direct beneficial                                   
interest                                                                        
Clearance obtained          Yes                                                 
Company                     Woolworths Holdings Limited                         
Group secretary             Cherrie Lowe                                        
Date of transaction         10 December 2008                                    
Nature of transaction       Sale of shares in terms of                          
                           the Woolworths Holdings Share                        
                           Trust                                                
Number of securities        35 000                                              
Class of securities         Ordinary shares                                     
Selling price (average)     R12.02                                              
Total value of transaction  R420 700                                            
Nature and extent of        Direct beneficial                                   
interest                                                                        
Clearance obtained          Yes                                                 
2.   EXERCISE OF OPTIONS                                                        
Company                     Woolworths Holdings Limited                         
Group secretary             Cherrie Lowe                                        
Date of transaction         10 December 2008                                    
Nature of transaction       Exercise of options                                 
Class of securities         Options in respect of                               
                           ordinary shares                                      
Number of options           35 266                                              
exercised                                                                       
Option strike price         R2.77                                               
Total value of transaction  R97 686                                             
Nature and extent of        Direct beneficial                                   
interest                                                                        
Clearance obtained          Yes                                                 
3. EXERCISE OF OPTIONS AND SALE OF SHARES                                       
                                                                                
Company                     Woolworths Holdings Limited                         
Director                    Zyda Rylands                                        
Date of transaction         10 December 2008                                    
Nature of transaction       Exercise of options and                             
                           subsequent sale of shares in                         
                           respect of the options                               
Class of securities         Options in respect of                               
                           ordinary shares                                      
Number of options           11 500                                              
exercised                                                                       
Option strike price         R2.60                                               
Value of exercise           R29 900                                             
Number of shares sold       11 500                                              
Selling price (average)     R12.02                                              
Value of sale               R138 230                                            
Nature and extent of        Direct beneficial                                   
director's interests                                                            
Clearance obtained          Yes                                                 
                                                                                
                                                                                
Company                     Woolworths Holdings Limited                         
Director                    Zyda Rylands                                        
Date of transaction         10 December 2008                                    
Nature of transaction       Exercise of options and                             
                           subsequent sale of shares in                         
                           respect of the options                               
Class of securities         Options in respect of                               
                           ordinary shares                                      
Number of options           17 500                                              
exercised                                                                       
Option strike price         R2.90                                               
Value of exercise           R50 750                                             
Number of shares sold       17 500                                              
Selling price (average)     R12.02                                              
Value of sale               R210 350                                            
Nature and extent of        Direct beneficial                                   
director's interests                                                            
Clearance obtained          Yes                                                 
4.   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 a grant  
price of R11.94 and were accepted on 9 December 2008 by the following:          
Director           Norman Thomson      83 547                                   
Group secretary    Cherrie Lowe        79 624                                   
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.                                                    
4. LONG TERM INCENTIVE PLAN                                                     
Conditional share awards, which vest after a 3 year performance period,         
subject to performance conditions and the extent that these have been met,      
have been issued at a grant price of R11.94 and were accepted on 10 December    
2008 by the following:                                                          
Director           Norman Thomson      83 548                                   
Group secretary    Cherrie Lowe        79 624                                   
The rights and awards have been granted in terms of the rules of the share      
schemes as approved by shareholders at a general meeting held on 15 November    
2006.  Clearance has been received in terms of rule 3.66 of the JSE's Listings  
Requirements in respect of the above transactions.  All interests in the        
transactions are indirect and beneficial.                                       
Cape Town                                                                       
10 December 2008                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 10/12/2008 16:52:02 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