2016/03/07
WOWOW - WOOLWORTHS HOLDINGS LIMITED - Results of the cash dividend and the scrip distribution alternative [JSE Securities Exchange - SENS]
 
Results of the cash dividend and the scrip distribution alternative

Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1929/001986/06)
Share code: WHL
ISIN: ZAE000063863
("WHL" or the "Company")

RESULTS OF     THE   CASH   DIVIDEND   AND   THE   SCRIP   DISTRIBUTION
ALTERNATIVE

WHL   shareholders  ("Shareholders")   are  referred  to   the
announcements released by WHL on the Stock Exchange News
Service of the JSE Limited on 11 February 2016 and 19 February
2016 relating to the interim gross cash dividend ("Cash
Dividend") of 133.0 cents (113.05 cents net of dividend
withholding tax) per WHL ordinary share.

As an alternative, Shareholders were entitled to elect to
receive    a   capitalisation    issue   alternative   ("Scrip
Distribution Alternative"), in respect of all or part of their
shareholding, by way of an issue of fully paid WHL ordinary
shares of no par value. Shareholders who did not elect to
receive the Scrip Distribution Alternative in respect of all
or part of their shareholding were, by default deemed to have
elected to receive the Cash Dividend.

Shareholders holding 18,1% of WHL ordinary shares elected to
receive the Scrip Distribution Alternative, with the balance
of Shareholders receiving the Cash Dividend. Accordingly,
2 920 865 WHL ordinary shares will be issued today to those
Shareholders who elected to receive the Scrip Distribution
Alternative. A gross Cash Dividend of R 1 135 087 744 will be
paid today to those Shareholders who were, by default deemed
to have elected to receive the Cash Dividend.

Ordinary share certificates or dividend cheques will be posted
today, and electronic funds transfers, CSDP or broker accounts
will be credited/updated today.

Cape Town

7 March 2016

Transaction Sponsor
The Standard Bank of South Africa Limited


Legal advisor
Webber Wentzel

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