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WHL - Woolworths Holdings Limited - Acceptance by directors of share

Release Date: 22/10/2008 16:00
Code(s): WHL
Wrap Text

WHL - Woolworths Holdings Limited - Acceptance by directors of share appreciation rights, conditional awards and options WOOLWORTHS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1929/001986/06 Share code: WHL ISIN: ZAE000063863 ACCEPTANCE BY DIRECTORS OF SHARE APPRECIATION RIGHTS, CONDITIONAL AWARDS AND OPTIONS In compliance with the JSE Limited ("JSE") Listings Requirements, the following information is disclosed: 1. SHARE APPRECIATION RIGHTS SCHEME Share appreciation rights (SARs), which vest after a 3 year performance period, should the performance conditions be met, have been granted at the grant price as indicated and were accepted on 20 October 2008 by the following: Executive directors : Number of SARs Grant price SN Susman : 176 540 R11,94 AR Jennings : 150 755 R11,94 Z Rylands : 125 628 R11,94 Z Rylands : 169 456 R11,95 NW Thomson : 87 978 R11,94 Group secretary: CL Lowe : 62 210 R11,94 Should the performance conditions not be met after a 3 year period the SARs will not vest. However, the performance conditions will be retested after year 4 and if necessary after year 5. If the performance conditions are then met the SARs will vest. Should the performance conditions not be met after year 5, the SARs will lapse. SARs are exercisable from the date of vesting to 7 years from the grant date. 2. LONG TERM INCENTIVE PLAN Conditional share awards, which vest after a 3 year performance period, subject to performance conditions and the extent to which these have been met, have been issued at the grant price as indicated and were accepted on 20 October 2008 by the following: Executive directors Number of Grant price conditional share awards SN Susman : 300 118 R11,94 AR Jennings : 150 755 R11,94 Z Rylands : 125 628 R11,94 Z Rylands : 169 456 R11,95 NW Thomson : 87 978 R11,94 Group secretary: CL Lowe : 62 210 R11,94 3. SHARE OPTION AND PURCHASE SCHEME Director : Z Rylands Nature of transaction : Acceptance of options Date of acceptance : 20 October 2008 Class of securities : Options in respect of ordinary shares Number of securities : 326 395 Strike price : R10,57 Total value of transaction : R3 449 995.15 Clearance has been received in terms of rule 3.66 of the JSE Listings Requirements in respect of the above transactions. All interests in the transactions are direct and beneficial. Cape Town 22 October 2008 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22/10/2008 16:00:10 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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