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Woolworths Reports R5.8M Share Sale and R3.4M Acquisition | Rateweb
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Woolworths Reports R5.8M Share Sale and R3.4M Acquisition

Woolworths Holdings Limited (WHL) disclosed recent dealings in securities by its share trust. This aligns with JSE Limited Listings Requirements.

Sale of Forfeited Securities

The first transaction involved an on-market sale of forfeited securities. These were under the Performance Plan (PP) and Retention Share Plan (RSP).

Transaction DetailsInformation
Date of Transaction6 June 2024
Number of Shares106,757
Average Sale Price5,462.67 cents per share
Highest Sale Price5,495.00 cents per share
Lowest Sale Price5,460.00 cents per share
Total Transaction ValueR 5,831,783

Nature of the Sale

The nature of the transaction was an on-market sale. This involved forfeited securities from the PP and RSP.

Indirect Non-Beneficial Interest

The sale was categorized as having an indirect non-beneficial interest. Clearance for this transaction was obtained.

Acquisition of Securities

In a separate transaction, WHL acquired securities on the market. This was to fulfill obligations to a participant in the RSP.

Transaction DetailsInformation
Date of Transaction6 June 2024
Number of Shares61,958
Average Purchase Price5,460.05 cents per share
Highest Purchase Price5,470.00 cents per share
Lowest Purchase Price5,460.00 cents per share
Total Transaction ValueR 3,382,938

Nature of the Acquisition

The acquisition involved an on-market purchase of securities. This was intended to meet obligations to a plan participant.

Indirect Non-Beneficial Interest

Similar to the sale, this acquisition was also categorized as an indirect non-beneficial interest. Clearance for this transaction was also obtained.

Summary of Transactions

WHL’s transactions reflect compliance with JSE requirements. The sale and purchase both occurred on 6 June 2024.

Transaction TypeNumber of SharesAverage Price Per ShareTotal Value (R)
Sale of Forfeited106,7575,462.67 cents5,831,783
Acquisition61,9585,460.05 cents3,382,938

WHL’s Strategic Moves

Woolworths Holdings Limited strategically manages its share plans. The PP and RSP are integral to their employee incentive programs.

Conclusion

Woolworths Holdings Limited’s recent share transactions demonstrate compliance with regulatory requirements. This ensures accountability and transparency for shareholders and participants alike.