To view the PDF file, sign up for a MySharenet subscription.

WOOLIES - RESULTS OF CAPITALISATION AWARD

Release Date: 01/10/1998 17:42
Code(s): WHL
Wrap Text
WOOLWORTHS
WOOLWORTHS HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/01986/06)
("WOOLWORTHS")

RESULTS OF CAPITALISATION AWARD AND RIGHT OF ELECTION TO RECEIVE A FINAL DIVIDEND OF 7,5 CENTS PER SHARE IN LIEU THEREOF.
THE RIGHT OF ORDINARY SHAREHOLDERS REGISTERED AT THE CLOSE OF BUSINESS ON FRIDAY, 28 AUGUST 1998 TO ELECT TO RECEIVE A FINAL DIVIDEND OF 7,5 CENTS PER ORDINARY SHARE ("THE ORDINARY SHARES") INSTEAD OF THE AWARD OF CAPITALISATION SHARES, CLOSED AT 12:00 ON FRIDAY, 25 SEPTEMBER 1998.
ELECTIONS TO RECEIVE THE FINAL CASH DIVIDEND OF 7,5 CENTS PER ORDINARY SHARE WERE MADE IN RESPECT OF 369 309 280 ORDINARY SHARES RESULTING IN THE
DECLARATION OF A TOTAL DIVIDEND OF R27 698 195,99. ACCORDINGLY, 12 618 370 NEW ORDINARY SHARES ("THE NEW ORDINARY SHARES") OUT OF A POSSIBLE 22 524 340 NEW ORDINARY SHARES ARE TO BE ISSUED PURSUANT TO THE CAPITALISATION SHARE AWARD, BEING A 56% ACCEPTANCE OF SUCH AWARD.
FOLLOWING THE ISSUE OF THE NEW ORDINARY SHARES THE ISSUED ORDINARY SHARE CAPITAL OF WOOLWORTHS WILL CONSIST OF 852 533 490 ORDINARY SHARES OF 0,15 CENTS EACH. LISTING OF NEW ORDINARY SHARES
THE LISTING OF 12 618 370 NEW ORDINARY SHARES IN WOOLWORTHS WILL COMMENCE ON THE JOHANNESBURG STOCK EXCHANGE FROM THE COMMENCEMENT OF BUSINESS OF MONDAY, 5 OCTOBER 1998. POSTING OF SHARE CERTIFICATES AND CHEQUES
SHARE CERTIFICATES IN RESPECT OF NEW ORDINARY SHARES AND CHEQUES IN RESPECT OF DIVIDENDS AND/OR PAYMENTS IN LIEU OF FRACTIONAL ENTITLEMENTS TO NEW ORDINARY SHARES WILL BE POSTED TO THE RELEVANT SHAREHOLDERS ON MONDAY, 5 OCTOBER 1998. CAPE TOWN FRIDAY, 1 OCTOBER 1998 SPONSORING BROKER HSBC SIMPSON MCKIE (PTY) LIMITED MEMBER OF THE JOHANNESBURG STOCK EXCHANGE REG. NO. 84/01736/07

Share This Story