WOOLWORTHS : Results of the cash dividend and the scrip distribution alternative (WHL)
March 07, 2016 at 04:16 am EST
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WHL: WOOLWORTHS HOLDINGS LIMITED - Results of the cash dividend and the scrip distribution alternative
WHL: WOOLWORTHS HOLDINGS LIMITED - Results of the cash dividend and the scrip distribution alternative
Results of the cash dividend and the scrip distribution alternative
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1929/001986/06)
Share code: WHL
ISIN: ZAE000063863
('WHL' or the 'Company')
RESULTS OF THE CASH DIVIDEND AND THE SCRIP DISTRIBUTION
ALTERNATIVE
WHL shareholders ('Shareholders') are referred to the
announcements released by WHL on the Stock Exchange News
Service of the JSE Limited on 11 February 2016 and 19 February
2016 relating to the interim gross cash dividend ('Cash
Dividend') of 133.0 cents (113.05 cents net of dividend
withholding tax) per WHL ordinary share.
As an alternative, Shareholders were entitled to elect to
receive a capitalisation issue alternative ('Scrip
Distribution Alternative'), in respect of all or part of their
shareholding, by way of an issue of fully paid WHL ordinary
shares of no par value. Shareholders who did not elect to
receive the Scrip Distribution Alternative in respect of all
or part of their shareholding were, by default deemed to have
elected to receive the Cash Dividend.
Shareholders holding 18,1% of WHL ordinary shares elected to
receive the Scrip Distribution Alternative, with the balance
of Shareholders receiving the Cash Dividend. Accordingly,
2 920 865 WHL ordinary shares will be issued today to those
Shareholders who elected to receive the Scrip Distribution
Alternative. A gross Cash Dividend of R 1 135 087 744 will be
paid today to those Shareholders who were, by default deemed
to have elected to receive the Cash Dividend.
Ordinary share certificates or dividend cheques will be posted
today, and electronic funds transfers, CSDP or broker accounts
will be credited/updated today.
Cape Town
7 March 2016
Transaction Sponsor
The Standard Bank of South Africa Limited
Legal advisor
Webber Wentzel
Date: 07/03/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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2016-03-07 08:00:00 Source: JSE News Service (SENS)
Woolworths Holdings Ltd. issued this content on 07 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 March 2016 09:15:22 UTC
Original Document: http://woolies.hosted.inet.co.za/news/story/8c779de0-9be1-4d7e-8a37-ef985dabc4fc
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%).