WHL - Woolworths Holdings Limited - Results of Annual General Meeting and
changes to the board of directors
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 ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD OF DIRECTORS
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are advised that, at the Annual General Meeting of
Woolworths held today, 17 November 2011, at which members holding 76.82%
of the voting rights were represented, all the resolutions contained in
the notice of the Annual General Meeting dated 10 October 2011 were
passed, without modification, by the requisite majority votes, cast by
way of poll in each case.
CHANGES TO THE BOARD OF DIRECTORS
RETIREMENT OF CHAIRMAN
Buddy Hawton retired from the board of Woolworths at the conclusion of
the Annual General Meeting after serving nine years as Chairman of the
The board wishes to express its deep thanks to Buddy for the significant
contribution that he has made to the company.
APPOINTMENT OF CHAIRMAN
Simon Susman was re-elected as a non-executive director at the Annual
General Meeting held earlier today. The board is pleased to confirm the
appointment of Simon as non-independent Chairman of the board with
The board has considered the guiding principles of governance and King
III and has applied them in a way considered to be in the best interest
of the shareholders. The board is convinced that the benefits gained from
having Simon as Chairman are significant and that the break of a year
from being the Group chief executive officer, together with the structure
in place around the lead independent director, will provide the company
and the shareholders with the appropriate level of governance.
APPOINTMENT OF LEAD INDEPENDENT DIRECTOR
The board is pleased to confirm the appointment of Tom Boardman as the
lead independent director with immediate effect.
APPOINTMENT OF DIRECTOR
The board of Woolworths is pleased to announce that Zarina Bassa has been
appointed as a director of the company in a
non-executive capacity, with effect from 17 November 2011.
GROUP CHIEF EXECUTIVE OFFICER
Ian Moir, the Group chief executive officer, has a three year service
contract which expires on 31 December 2012, subject to an option by the
company to extend it for further two years.
The board is pleased to announce that it has exercised its option to
extend Ian's contract with the company until
31 December 2014.
17 November 2011
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/11/2011 14:28:04 Produced by the JSE SENS Department.
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