Investor Presentaiton
WHL
FINANCIAL OVERVIEW
COMMENTARY
SUMMARY OF THE
AUDITED GROUP RESULTS
DIVIDEND DECLARATION
The Board of Directors of WHL ('Board') has taken a decision
to declare a final gross cash dividend per ordinary share
I'dividend'), based on a pay-out ratio of 70% of second
half headline earnings of the combined Woolworths
South Africa business segments (FBH, Food and WFS)
as well as Country Road Group.
Notice is hereby given that the Board has declared a final
dividend of 149.0 cents (119.2 cents net of dividend withholding
tax) for the 52 weeks ended 26 June 2022, being a 125.8%
increase on the prior year's 66.0 cents. This brings the total
dividend for the year to 229.5 cents, representing a 247.7%
increase on the prior year's total dividend of 66.0 cents. The
dividend has been declared from reserves and therefore
does not constitute a distribution of 'contributed tax capital'
as defined in the Income Tax Act, 58 of 1962. A dividend
withholding tax of 20%
will be applicable to all shareholders who are not exempt.
The issued share capital at the declaration date
is 1024 671 335 ordinary shares. The salient dates
for the dividend will be as follows:
Last day of trade
to receive a dividend Tuesday, 13 September 2022
Shares commence
trading 'ex' dividend
Record date
Payment date
Wednesday, 14 September 2022
Friday, 16 September 2022
Monday, 19 September 2022
Share certificates may not be dematerialised or
rematerialised between Wednesday, 14 September
2022 and Friday, 16 September 2022, both days inclusive.
Ordinary shareholders who hold dematerialised shares
will have their accounts at their CSDP or broker credited or
updated on Monday, 19 September 2022. Where applicable,
dividends in respect of certificated shares will be transferred
electronically to shareholders' bank accounts on the
payment date. Where the transfer secretaries do not have
the banking details of any certificated shareholders, the
cash dividend will be held in trust by the transfer secretaries.
pending receipt of the relevant certificated shareholder's
banking details after which the cash dividend will be paid
via electronic transfer into the personal bank account
of the certificated shareholder.
CA Reddiar
Group Company Secretary
Cape Town
30 August 2022
CHANGES TO THE BOARD OF DIRECTORS
As announced on SENS on 29 August 2022, Mr Robert Collins
was appointed as an independent Non-executive Director
of WHL, with effect from 1 October 2022. Mr Collins spent
over 27 years at John Lewis Partnership Plc, holding various
management roles, including managing director of Waitrose
until 2020. The Board looks forward to welcoming Rob
to the Group.
As announced on SENS on 7 July 2022, Ms Nombulelo (Pinky)
Moholi was appointed as the Lead Independent Director
of the Board, with effect from 7 July 2022. Ms Moholi has
deep knowledge of the WHL Group, and extensive Board
experience. The Board looks forward to Ms Moholi's
contribution in her expanded role.
WHL 6/2022
DIRECTORATE &
STATUTORY INFORMATION
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