The 79 year old, best known internationally for his roles in cult horror film The Wicker Man and cult TV series The Equalizer, passed away in hospital in November (09) following a long battle with illness.
Pegg, who cast the actor in his 2007 film Hot Fuzz, led tributes to Woodward at a special event at London’s Theatre Royal Haymarket, recalling the times he would watch Woodward on TV as a youngster.
He told the star-studded crowd, “I remember thinking, ‘Could Edward Woodward be any cooler?'”
Other speakers included Woodward’s widow, actress Michelle Dotrice, and beloved British thespian Sheila Hancock, who read the poem The Owl and the Pussycat as a tribute to her late friend.