To view the PDF file, sign up for a MySharenet subscription.

BARLOWORLD LIMITED - Director's Dealings in Securities

Release Date: 03/03/2014 13:00
Code(s): BAWP BAW     PDF:  
Wrap Text
Director's Dealings in Securities

Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income Tax Registration number 9000/051/71/5)
(Share code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld” or “the Company")

DIRECTOR’S DEALINGS IN SECURITIES

In terms of the Barloworld Forfeitable Share Plan (FSP) approved
by shareholders on 28 January 2010 certain shares were granted to
executive directors of Barloworld Ltd on 28 February 2011. 75% of
the total grant vests on a sliding scale based on achievement of
various performance conditions, namely Total Shareholder Return
(TSR), Headline Earnings per Share and Return on Equity, which
were tested separately. 25 % of the shares were granted subject to
the executive directors continued employment over a 3 year period
and are not subject to performance conditions.


The TSR, HEPS and ROE components of the 2011 grant met the
performance conditions and consequently 100% of the grant vested
on 27 February 2014.

In compliance with rule 3.63 to 3.74 of the Listing Requirements,
the following information is disclosed:


Director:              Peter John Bulterman
Company:               Barloworld Limited
Date of transaction:   28 February 2014
Class of security:     Ordinary shares
Nature of              On market sale of shares to meet costs of
transaction:           taxation in respect of shares that have
                       vested under the Barloworld Limited
                       Forfeitable Share Plan (FSP’s)
Number of FSPs         10 450
Date of grant:         28 February 2011
Price per share        R107.9770
Total value:           R 1 128 359.65
Vesting period:        TSR, HEPS and ROE - Three years after date of
                       grant
Nature of interest:    Direct/Beneficial
Market intermediary:   N/A
Confirmation of        Clearance to deal was granted by the CEO of
clearance              Barloworld Limited
Director:              Martin Laubscher
Company:               Barloworld Limited
Date of transaction:   28 February 2014
Class of security:     Ordinary shares
Nature of              On market sale of shares to meet costs of
transaction:           taxation in respect of shares that have
                       vested under the Barloworld Limited
                       Forfeitable Share Plan (FSP’s)
Number of FSPs :       13 500
Date of grant:         28 February 2011
Price per share        R107.9770
Total value:           R 1 457 689.50
Vesting period:        TSR, HEPS and ROE - Three years after date of
                       grant
Nature of interest:    Direct/Beneficial
Market intermediary:   N/A
Confirmation of        Clearance to deal was granted by the CEO of
clearance              Barloworld Limited



Director:              Clive Bradney Thomson
Company:               Barloworld Limited
Date of transaction:   28 February 2014
Class of security:     Ordinary shares
Nature of              On market sale of shares to meet costs of
transaction:           taxation in respect of shares that have
                       vested under the Barloworld Limited
                       Forfeitable Share Plan (FSP’s)
Number of FSPs :       24 600
Date of grant:         28 February 2011
Price per share        R108.1498
Total value:           R 2 660 485.08
Vesting period:        TSR, HEPS and ROE - Three years after date of
                       grant
Nature of interest:    Direct/Beneficial
Market intermediary:   N/A
Confirmation of        Clearance to deal was granted by the Chairman
clearance              of Barloworld Limited
Director:              Isaac Oupa Shongwe
Company:               Barloworld Limited
Date of transaction:   28 February 2014
Class of security:     Ordinary shares
Nature of              On market sale of shares that have vested
transaction:           under the Barloworld Limited Forfeitable
                       Share Plan (FSP’s)
Number of FSPs :       21 500
Date of grant:         28 February 2011
Price per share        R107.9319
Total value:           R 2 320 535.85
Vesting period:        TSR, HEPS and ROE - Three years after date of
                       grant
Nature of interest:    Direct/Beneficial
Market intermediary:   N/A
Confirmation of        Clearance to deal was granted by the CEO of
clearance              Barloworld Limited


Director:              Sibani Mngomezulu (Director of Barloworld
                       South Africa (Pty) Ltd – Major subsidiary of
                       Barloworld Ltd)
Company:               Barloworld Limited
Date of transaction:   28 February 2014
Class of security:     Ordinary shares
Nature of              On market sale of shares to meet costs of
transaction:           taxation in respect of shares that have
                       vested under the Barloworld Limited
                       Forfeitable Share Plan (FSP’s)
Number of FSPs :       930
Date of grant:         28 February 2011
Price per share        R107.8909
Total value:           R100 338.54
Vesting period:        Three years after date of grant
Nature of interest:    Direct/Beneficial
Market intermediary:   N/A
Confirmation of        Clearance to deal was granted by a director
clearance              of Barloworld Limited
Director:              Gale Lemmert (Director of Barloworld South
                       Africa (Pty) Ltd – Major subsidiary of
                       Barloworld Ltd)
Company:               Barloworld Limited
Date of transaction:   28 February 2014
Class of security:     Ordinary shares
Nature of              On market sale of shares that have vested
transaction:           under the Barloworld Limited Forfeitable
                       Share Plan (FSP’s)
Number of FSPs :       1 480

Date of grant:         28 February 2011
Price per share        R107.9319
Total value:           R159 739.21
Vesting period:        Three years after date of grant
Nature of interest:    Direct/Beneficial
Market intermediary:   N/A
Confirmation of        Clearance to deal was granted by a director
clearance              of Barloworld Limited


Director:              Litha Nkombisa(Director of Barloworld South
                       Africa (Pty) Ltd – Major subsidiary of
                       Barloworld Ltd)
Company:               Barloworld Limited
Date of transaction:   28 February 2014
Class of security:     Ordinary shares
Nature of              On market sale of shares that have vested
transaction:           under the Barloworld Limited Forfeitable
                       Share Plan (FSP’s)
Number of FSPs :       2 120
Date of grant:         28 February 2011
Price per share        R107.9319
Total value:           R228 815.63
Vesting period:        Three years after date of grant
Nature of interest:    Direct/Beneficial
Market intermediary:   N/A
Confirmation of        Clearance to deal was granted by a director
clearance              of Barloworld Limited
Director:              Sameshan Moodley (Director of Barloworld
                       South Africa (Pty) Ltd – Major subsidiary of
                       Barloworld Ltd)
Company:               Barloworld Limited
Date of transaction:   28 February 2014
Class of security:     Ordinary shares
Nature of              On market sale of shares to meet costs of
transaction:           taxation in respect of shares that have
                       vested under the Barloworld Limited
                       Forfeitable Share Plan (FSP’s)
Number of FSPs :       560
Date of grant:         28 February 2011
Price per share        R107.8909
Total value:           R60 418.90
Vesting period:        Three years after date of grant
Nature of interest:    Direct/Beneficial
Market intermediary:   N/A
Confirmation of        Clearance to deal was granted by a director
clearance              of Barloworld Limited

Sandton
03 March 2014
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

Date: 03/03/2014 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.