Woolworths Holdings Limited (WHL), a prominent retailer in South Africa, has disclosed significant transactions in securities as part of its Performance Plan (PP) and Retention Share Plan (RSP).
In compliance with the JSE Limited Listings Requirements, WHL’s Share Trust executed the sale of forfeited securities on 4 March 2024. This on-market sale aimed to liquidate securities under the PP. Here are the details of the transaction:
| Nature of Transaction | On-market sale of forfeited securities in terms of the PP |
|---|---|
| Class of Securities | Ordinary shares |
| Nature of Interest | Indirect non-beneficial |
| Clearance Obtained | Yes |
| Date of Transaction | 4 March 2024 |
| Number of Shares Sold | 38,208 |
| Volume Weighted Avg. Price | 6424.43 cents per share |
| Highest Sale Price | 6450.00 cents per share |
| Lowest Sale Price | 6371.00 cents per share |
| Total Value of Transaction | R 2,454,646 |
This sale reflects the disposal of forfeited securities, ensuring compliance with regulatory requirements and the terms of the PP.
Simultaneously, WHL engaged in the acquisition of securities to fulfill obligations to a participant of the RSP. Here’s a breakdown of this transaction:
| Nature of Transaction | On-market purchase of securities to fulfil obligation to a participant of the RSP |
|---|---|
| Class of Securities | Ordinary shares |
| Nature of Interest | Indirect non-beneficial |
| Clearance Obtained | Yes |
| Date of Transaction | 4 March 2024 |
| Number of Shares Purchased | 23,796 |
| Volume Weighted Avg. Price | 6449.96 cents per share |
| Highest Purchase Price | 6450.00 cents per share |
| Lowest Purchase Price | 6382.00 cents per share |
| Total Value of Transaction | R 1,534,832 |
This acquisition underscores WHL’s commitment to its RSP participants, ensuring the allocation of securities as per the plan’s provisions.
These transactions represent WHL’s adherence to regulatory standards and commitment to its performance and retention initiatives. Such disclosures provide transparency to stakeholders and reinforce WHL’s governance practices.
Woolworths Holdings Limited remains a key player in South Africa’s retail landscape, navigating market dynamics while upholding accountability and transparency in its operations.
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