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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)
(Namibian Stock Exchange share code: BWL)
("Barloworld” or “the Company")
ALLOCATION OF FORFEITABLE SHARES
In accordance with paragraph 3.63 of the JSE Listings Requirements,
shareholders are advised that the following executive directors and
company secretary of Barloworld Limited and directors of Barloworld
South Africa (Pty) Limited, a major subsidiary, were awarded shares in
terms of the company’s forfeitable share plan (all off market) on
29 March 2017, the salient details of which are set out below:
Executive Director and Company Secretary of Barloworld Limited:
Name of executive director: Dominic Sewela
Name of company: Barloworld Limited
Designation: Chief Executive Officer
Number of forfeitable shares awarded: 59440 Barloworld ordinary
shares, of which 44580
Barloworld shares will
vest subject to
achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R122.100784
Vesting period: Three years from award
date
Value: R7 257 670.60
Date of award: 29 March 2017
Nature of transaction: Direct beneficial interest
Name of Company Secretary: Lerato Manaka
Name of company: Barloworld Limited
Designation: Group Company Secretary
Number of forfeitable shares awarded: 4350 Barloworld ordinary
shares, of which 1090
Barloworld shares will
vest subject to
achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R122.100784
Vesting period: Three years from award
date
Value: R531 138.41
Date of award: 29 March 2017
Nature of transaction: Direct beneficial interest
Executive Directors of Barloworld South Africa (Pty) Limited:
Name of director of major subsidiary: Sibani Mngomezulu
Designation: Director of major
subsidiary
Name of company: Barloworld South Africa
(Pty) Limited
Number of forfeitable shares awarded: 15890 Barloworld ordinary
shares, of which 3970
Barloworld shares will
vest subject to
achievement of performance
conditions
Consideration Nil
Average price at which shares were awarded: R122.100784
Vesting period: Three years from award
date
Value: R1 940 181.46
Date of award: 29 March 2017
Nature of transaction: Direct beneficial interest
Name of director of major subsidiary: Gale Lemmert
Major subsidiary: Barloworld South Africa
(Pty) Limited
Designation: Director
Number of forfeitable shares awarded: 7410 Barloworld ordinary
shares, of which 1850
Barloworld shares will
vest subject to
achievement of
performance conditions
Consideration Nil
Average price at which shares were awarded: R122.100784
Vesting period: Three years from award
date
Value: R904 766.81
Date of award: 29 March 2017
Nature of transaction: Direct beneficial interest
Name of director of major subsidiary: Litha Nkombisa
Major subsidiary: Barloworld South Africa
(Pty) Limited
Designation: Director
Number of forfeitable shares awarded: 9200 Barloworld ordinary
shares, of which 2300
Barloworld shares will
vest subject to
achievement of performance
conditions
Consideration Nil
Average price at which shares were awarded: R122.100784
Vesting period: Three years from award
date
Value: R1 123 327.21
Date of award: 29 March 2017
Nature of transaction: Direct beneficial interest
Name of director of major subsidiary: Andronicca Masemola
Major subsidiary: Barloworld South Africa
(Pty) Limited
Designation: Director
Number of forfeitable shares awarded: 13120 Barloworld ordinary
shares, of which 3280
Barloworld shares will
vest subject to
achievement of performance
conditions
Consideration Nil
Average price at which shares were awarded: R122.100784
Vesting period: Three years from award
date
Value: R1 601 962.29
Date of award: 29 March 2017
Nature of transaction: Direct beneficial interest
Name of director of major subsidiary: Matthew Govender
Major subsidiary: Barloworld South Africa
(Pty) Limited
Designation: Director
Number of forfeitable shares awarded: 7480 Barloworld ordinary
shares, of which 1870
Barloworld shares will
vest subject to
achievement of performance
conditions
Consideration Nil
Average price at which shares were awarded: R122.100784
Vesting period: Three years from award
date
Value: R913 313.86
Date of award: 29 March 2017
Nature of transaction: Direct beneficial interest
Name of director of major subsidiary: Sameshan Moodley
Major subsidiary: Barloworld South Africa
(Pty) Limited
Designation: Director
Number of forfeitable shares awarded: 11520 Barloworld ordinary
shares, of which 2880
Barloworld shares will
vest subject to
achievement of performance
conditions
Consideration Nil
Average price at which shares were awarded: R122.100784
Vesting period: Three years from award
date
Value: R1 406 601.03
Date of award: 29 March 2017
Nature of transaction: Direct beneficial interest
Name of director of major subsidiary: Matimba Mahange
Major subsidiary: Barloworld South Africa
(Pty) Limited
Designation: Director
Number of forfeitable shares awarded: 13080 Barloworld ordinary
shares, of which 3270
Barloworld shares will
vest subject to
achievement of performance
conditions
Consideration Nil
Average price at which shares were awarded: R122.100784
Vesting period: Three years from award
date
Value: R1 597 078.25
Date of award: 29 March 2017
Nature of transaction: Direct beneficial interest
Approximately 75% of the shares awarded to chief executive officer of
Barloworld Limited and approximately 25% of the shares awarded to the
company secretary of Barloworld Limited and the directors of Barloworld
South Africa (Pty) Ltd are subject to performance conditions. The
performance conditions include performance targets for improvement in
return on net operating assets (RONOA), total shareholder return (TSR)
and growth in headline earnings per share (HEPS). The remaining 25% and
75%, respectively, of the shares awarded are for retention purposes and
subject to continued employment over a 3 year period.
The necessary clearance in terms of paragraph 3.66 of the JSE Listings
Requirements has been obtained.
Barloworld shareholders approved a forfeitable share plan ("FSP") at the
company`s annual general meeting on 28 January 2010. The FSP is designed
to align the objectives of Barloworld senior management with the
interests of shareholders.
The allocation of forfeitable shares was determined by the Barloworld
remuneration committee on a market related basis.
Sandton
4 April 2017
Sponsor: JP Morgan Equities South Africa (Pty) Limited
Date: 04/04/2017 05:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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