WHL: WOOLWORTHS HOLDINGS LIMITED - Dealings in securities by share scheme and a director
March 02, 2020 at 01:13 am EST
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WHL: WOOLWORTHS HOLDINGS LIMITED - Dealings in securities by share scheme and a director
WHL: WOOLWORTHS HOLDINGS LIMITED - Dealings in securities by share scheme and a director
Dealings in securities by share scheme and a director
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL
ISIN: ZAE000063863
Bond company code: WHLI
('the Company', 'WHL' or 'the Group')
DEALINGS IN SECURITIES BY SHARE SCHEME AND A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following information is disclosed.
1. DEALINGS IN SECURITIES BY SHARE SCHEME
Name : WHL Retention Share Plan ('RSP')
1.1 SALE OF FORFEITED SECURITIES
Date of transaction : 25 February 2020
Nature of transaction : On-market sale of forfeited securities in terms of the
RSP
Class of securities : Ordinary shares
Number of shares : 73 444
Sale price : 3720.00 cents per share
Total value of transaction : R2 732 116.80
Nature of interest : Indirect non-beneficial (sale of forfeited securities on behalf
of a participant)
Clearance obtained : Yes
1.2 ACQUISITION OF SECURITIES FOR ALLOCATION TO PARTICIPANTS
Date of transaction : 25 February 2020
Nature of transaction : On-market purchase of securities to fulfil obligations
to participants of the RSP
Class of securities : Ordinary shares
Number of shares : 1 524 815
Volume weighted average purchase price : 3786.99 cents per share
Highest purchase price : 3820.00 cents per share
Lowest purchase price : 3707.00 cents per share
Total value of transaction : R57 744 591.57
Nature of interest : Indirect non-beneficial (purchase on behalf of participants)
Clearance obtained : Yes
2. ACCEPTANCE OF RSP ALLOCATION
The following allocation of RSP shares has been awarded to and accepted off-market by
Roy Bagattini, the Group Chief Executive Officer, given his appointment in this capacity. The
vesting of these RSP shares is conditional upon the achievement of Mr Bagattini´s individual
performance measures ('IPM') and will vest over a three to five year period.
Number of Shares : 1 432 537
Grant Price : 3786.99 cents per share*
Transaction Value : R54 250 032.94
Date of Acceptance : 25 February 2020
Clearance has been received in respect of the above transaction. The nature of the interest is
direct and beneficial.
* The grant price represents the volume weighted average traded price of the Company´s shares
on the date of grant.
Cape Town
2 March 2020
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02-03-2020 07:05:00
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2020-03-02 07:05:00 Source: JSE News Service (SENS)
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Woolworths Holdings Ltd. published this content on 02 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2020 06:12:02 UTC
WoolWorths Holdings Limited is one of the South African leaders in retailing. Net sales break down by activity as follows:
- distribution of clothes and consumer products (49.3%): clothes for men, women and children, shoes, beauty products, accessories and homeware;
- distribution of food products (47.3%);
- other (3.4%): primarily financial services.
At the end of June 2021, the group had a network of 1,279 stores broken down by name into WoolWorths (545), Country Road (689) and David Jones (45).
Net sales break down geographically as follows: South Africa (61.4%), Africa (2.5%), Australia and New Zealand (36.1%).