27
Mar
Chamwe Kaira Woolworths Holdings Limited has awarded incoming Group CEO Sam Ngumeni a once-off share award valued at about R69.7 million. The award includes 995,715 shares bought on the open market by the Woolworths Holdings Share Trust. Based on a share price of about R70, the total value is just under R70 million. The shares form part of a performance-based incentive. They will vest over five years until June 2031 if set targets are met. These targets include share price growth, headline earnings per share and returns on capital employed. The shares will be held in escrow during the vesting…
