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WHL - Woolworths Holdings - Specific issue of ordinary shares in Woolworths

Release Date: 25/08/2009 07:13
Code(s): WHL
Wrap Text

WHL - Woolworths Holdings - Specific issue of ordinary shares in Woolworths Holdings Limited for cash to Woolworths (Proprietary) Limited Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1929/001986/06 Share code: WHL ISIN: ZAE000063863 ("Woolworths" or "the Company") SPECIFIC ISSUE OF ORDINARY SHARES IN WOOLWORTHS HOLDINGS LIMITED FOR CASH TO WOOLWORTHS (PROPRIETARY) LIMITED 1. The transaction 1.1 Details relating to the transaction Shareholders are advised that Woolworths will issue up to 30 000 000 Woolworths Holdings Limited ordinary shares ("the ordinary shares"), from its authorised but unissued ordinary share capital, to Woolworths (Proprietary) Limited ("WPL") a wholly-owned subsidiary of Woolworths, prior to the next annual general meeting of the Company, for a subscription price of R14.56 per ordinary share, which is equal to the volume weighted average price for the 30-day period to Tuesday, 18 August 2009 ("the specific issue"). The ordinary shares to be issued in terms of the specific issue will rank pari passu in all respects with the existing issued ordinary share capital of the Company. The ordinary shares to be issued to and held by WPL will be accounted for as treasury shares and application will be made to the JSE Limited for the listing of these shares, once they have been issued. 1.2 Financial effects The pro forma financial effects of the specific issue on the Company`s earnings per share, headline earnings per share, net asset value per share and net tangible asset value per share for the six month period ended 31 December 2008 are not material or significant, and have therefore not been disclosed. 1.3 Posting of the circular and general meeting of shareholders Woolworths posted a circular to shareholders regarding the specific issue on 24 August 2009. A general meeting of shareholders ("general meeting") of Woolworths is convened, in terms of the notice of general meeting attached to and forming part of the circular to shareholders, for Thursday, 10 September 2009. The general meeting will be held in the Auditorium, 1st Floor, Woolworths House, 93 Longmarket Street, Cape Town at 11h00 and shareholders will be requested to consider and, if deemed fit, to pass with or without modification the ordinary resolutions required to implement the specific issue. 1.4 Important dates and times 2009
Circular posted to all shareholders on Monday,24 August Last day to lodge proxy forms (by no later Tuesday,8 September than 11h00) for the general meeting on General meeting held at 11h00 on Thursday,10 September Results of general meeting published on Thursday,10 September SENS on Results of general meeting published in the Friday,11 September press on Cape Town 25 August 2009 Merchant bank and sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 25/08/2009 07:13:02 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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