2011/08/31
WHL - Woolworths Holdings Limited - Acceptance of offer and acquisition of [JSE Securities Exchange - SENS]
 
WOWOW                                                                           
WHL - Woolworths Holdings Limited - Acceptance of offer and acquisition of      
shares in terms of the Woolworths share schemes                                 
Woolworths Holdings Limited                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration number 1929/001986/06)                                            
Share code:  WHL                                                                
ISIN: ZAE000063863                                                              
("Woolworths", "the group" or "the company")                                    
ACCEPTANCE OF OFFER AND ACQUISITION OF SHARES IN TERMS OF THE WOOLWORTHS SHARE  
SCHEMES                                                                         
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, 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 
30 August 2011 by the following:                                                
Executive        Number of SARs   Grant price      Transaction                  
directors                                          value                        
I Moir           87 468           R31.44           R 2 749 993.92               
Z Rylands        53 538           R31.44           R 1 683 234.72               
2. LONG TERM INCENTIVE SCHEME                                                   
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 30 August 2011 by   
the following:                                                                  
Executive        Number of conditional     Grant price      Transaction         
directors        share awards                               value               
I Moir           148 696                   R31.44           R 4 675 002.24      
Z Rylands        53 538                    R31.44           R 1 683 234.72      
Clearance has been received in terms of rule 3.66 of the JSE Listing            
Requirements in respect of the above transactions.  All interests in the        
transactions are direct and beneficial. Both the SARs and conditional share     
awards are in respect of ordinary shares, and all transactions were completed   
off market.                                                                     
3. DEFFERED BONUS PLAN                                                          
The directors, as indicated, have utilised a portion of the after tax component 
of their annual bonus to acquire shares which will be held in escrow in terms of
the Deferred Bonus Plan ("DBP").  In the event that the directors remain in the 
employ of the company and retain these shares for a three year period from date 
of offer, the company will make a matching award of Woolworths' shares to the   
directors.                                                                      
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director                             : Ian Moir                                 
Company                              : Woolworths Holdings Limited              
Date of transaction                  : 30 August 2011                           
Nature of transaction                : Purchase of shares in terms of DBP       
Class of securities                  : Ordinary shares                          
Number of shares                     : 29,600                                   
Purchase price (weighted average)    : R34.19                                   
Total value of transaction           : R1,012,024.00                            
Highest price                        : R34.35                                   
Lowest price                         : R34.01                                   
Nature of interest                   : Indirect beneficial                      
Clearance obtained                   : Yes                                      
Transaction completed                : On market                                
Director                             : Zyda Rylands                             
Company                              : Woolworths Holdings Limited              
Date of transaction                  : 30 August 2011                           
Nature of transaction                : Purchase of shares in terms of DBP       
Class of securities                  : Ordinary shares                          
Number of shares                     : 14,700                                   
Purchase price (weighted average)    : R34.19                                   
Total value of transaction           : R502,593.00                              
Highest price                        : R34.35                                   
Lowest price                         : R34.01                                   
Nature of interest                   : Indirect beneficial                      
Clearance obtained                   : Yes                                      
Transaction completed                : On market                                
Cape Town                                                                       
31 August 2011                                                                  
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 31/08/2011 17:06:00 Produced by the JSE SENS Department.                  
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information disseminated through SENS.                                          
Source: JSE Securities Exchange - SENS
 
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