The man who received a special R51 million award from Woolworths

• Sam Ngumeni received a special once-off outperformance Share Award valued at R51 million.
• The special award is structured to tie a large portion of Ngumeni’s potential remuneration to the company’s performance over the next five years.
• The award is linked to Woolworths achieving specified targets, including a share price of R80, adjusted diluted headline earnings-per-share growth of 10%, and return on capital employed of WACC plus eight percentage points.