WHL - Woolworths Holdings Limited - Results of general meeting
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL ISIN: ZAE000063863
("Woolworths" or "the Company")
RESULTS OF GENERAL MEETING
Shareholders are referred to the circular to Woolworths shareholders dated 29
January 2010 regarding the specific issue of Woolworths ordinary shares for
cash to Woolworths (Proprietary) Limited ("WPL") which specific issue is
regarded as a specific repurchase of shares by WPL for the purposes of the
JSE Limited Listings Requirements ("the specific issue") and the announcement
released on SENS on 18 February 2010 regarding a cash distribution of 38.0
cents per ordinary share by Woolworths.
Woolworths shareholders are advised that all of the resolutions necessary to
approve and implement the specific issue have been passed, in general meeting
held on Thursday 25 February 2010, by the requisite number of votes.
Accordingly, once the special resolution has been registered with the
Companies and Intellectual Property Registration Office ("CIPRO"), Woolworths
will make a cash distribution of 38.0 cents per ordinary share to ordinary
shareholders, in lieu of the interim dividend for the 26 weeks ended 27
December 2009, by way of a capital reduction out of the Company's share
premium account ("distribution").
The distribution will be in the form of a general payment to shareholders in
terms of Section 90 of the Companies Act, 1973 (Act 61 of 1973), as amended.
The remaining important dates with respect to the distribution are set out
Finalisation announcement confirming registration of Friday, 12 March
special resolution with CIPRO released on SENS on
Last day to trade to be eligible to receive the Thursday, 25 March
Shares trade "ex" the Distribution from Friday, 26 March
Record date for the Distribution Thursday, 1 April
Distribution paid to certificated ordinary Tuesday, 6 April
Distribution credited to accounts of dematerialised Tuesday, 6 April
ordinary shareholders held by their CSDP or broker
1. Any change to the above dates and times will, subject to approval of the
JSE, be communicated to shareholders by notification on SENS and in the
2. All times indicated above are South African local times.
3. Share certificates may not be dematerialised or rematerialised between
Friday, 26 March 2010 and Thursday, 1 April 2010, both days inclusive.
25 February 2010
Merchant bank and sponsor to Woolworths
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/02/2010 13:52:02 Produced by the JSE SENS Department.
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