2005/03/14
Woolworths Holdings Limited - Sanctioning Of The Scheme Of Arrangement And [JSE Securities Exchange - SENS]
 
Finalisation Announcement
WOOLWORTHS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1929/001986/06)
Share code: WHL        ISIN: ZAE000028288
("Woolworths" or "the company")
SANCTIONING OF THE SCHEME OF ARRANGEMENT AND FINALISATION ANNOUNCEMENT
1. SANCTIONING OF THE SCHEME OF ARRANGEMENT BY THE HIGH COURT OF SOUTH AFRICA
Further to the announcement published on the Securities Exchange News Service of
the JSE Securities Exchange South Africa on Friday, 4 March 2005 and in the
press on Monday, 7 March 2005, Woolworths shareholders are advised that the
scheme of arrangement in terms of section 311 of the Companies Act, 1973 (Act 61
of 1973), as amended ("the scheme"), proposed by Woolworths, between Woolworths
and its shareholders (other than E-Com Investments 16 (Proprietary) Limited, a
wholly-owned subsidiary, and those participants in The Woolworths Holdings Share
Trust ("the WHST") holding shares in Woolworths in terms of the WHST Deed but
which cannot be freely traded in terms of the WHST Deed, to the extent only of
such shares), was sanctioned by the High Court of South Africa (Cape of Good
Hope Provincial Division) on Monday, 14 March 2005. The Order of Court
sanctioning the scheme will be  lodged with the Registrar of Companies for
registration.
2. SALIENT DATES AND TIMES
                                                      2005
     Last day to trade to participate
     in the scheme                                    Wednesday, 16 March
     Shares will trade ex the obligation
     to participate in the scheme from the
     commencement of trade on                         Thursday, 17 March
     Record date on which shareholders must be
     recorded in the register to be scheme
     participants and so become entitled to
     receive the scheme consideration
     ("the record date"), at the close
     of trade on                                       Thursday, 24 March
     Operative date of the scheme                     Tuesday, 29 March
     If documents of title are received on
     or prior to the record date, the scheme
     consideration will be transferred or posted
     (as the case may be) and new share
     certificates posted to scheme participants
     holding certificated Woolworths shares
     (failing that, within five business days
     of the receipt of the relevant documents
      of title by the transfer secretaries
     of Woolworths)                                   Tuesday, 29 March
     Safe custody accounts to be updated
     in the case of scheme participants
     who have dematerialised their
      Woolworths shares                               Tuesday, 29 March
Notes
1. Shareholders may not dematerialise or rematerialise their Woolworths shares
from Thursday, 17 March 2005 to Thursday, 24 March 2005, both days inclusive.
2. Unless otherwise indicated, all times are South African times.
Cape Town
14 March 2005
Investment bank and transactional sponsor
Standard Bank
Corporate law advisers
Tabacks
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Corporate Finance
Date: 14/03/2005 05:28:56 PM Produced by the JSE SENS Department
Source: JSE Securities Exchange - SENS
 
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