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Allocation of forfeitable shares
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)
(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
30 March 2016, the salient details of which are set out below:
Executive Directors and Company Secretary of Barloworld Limited:
Name of executive director: Dominic Sewela
Name of company: Barloworld Limited
Designation: Executive Director
Number of forfeitable shares awarded: 46 150 Barloworld ordinary
shares, of which 34 610
Barloworld shares will
vest subject to
achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R76.25
Vesting period: Three years from award
date
Value: R3 518 937.50
Date of award: 30 March 2016
Nature of transaction: Direct beneficial interest
Name of executive director: Donald Wilson
Name of company: Barloworld Limited
Designation: Finance Director
Number of forfeitable shares awarded: 38 850 Barloworld ordinary
shares, of which 29 140
Barloworld shares will
vest subject to
achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R76.25
Vesting period: Three years from award
date
Value: R2 962 312.50
Date of award: 30 March 2016
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: 7 030 Barloworld ordinary
shares, of which 1 760
Barloworld shares will
vest subject to
achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R76.25
Vesting period: Three years from award
date
Value: R536 037.50
Date of award: 30 March 2016
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: 23 200 Barloworld ordinary
shares, of which 5 800
Barloworld shares will
vest subject to
achievement of performance
conditions
Consideration Nil
Average price at which shares were awarded: R76.25
Vesting period: Three years from award
date
Value: R1 769 000.00
Date of award: 30 March 2016
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: 10 890 Barloworld ordinary
shares, of which 2 720
Barloworld shares will
vest subject to
achievement of
performance conditions
Consideration Nil
Average price at which shares were awarded: R76.25
Vesting period: Three years from award
date
Value: R830 362.50
Date of award: 30 March 2016
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: 15 010 Barloworld ordinary
shares, of which 3 750
Barloworld shares will
vest subject to
achievement of performance
conditions
Consideration Nil
Average price at which shares were awarded: R76.25
Vesting period: Three years from award
date
Value: R1 144 512.50
Date of award: 30 March 2016
Nature of transaction: Direct beneficial interest
Name of director of major subsidiary: Emmanuel Leeka
Major subsidiary: Barloworld South Africa
(Pty) Limited
Designation: Director
Number of forfeitable shares awarded: 28 290 Barloworld ordinary
shares, of which 7 070
Barloworld shares will
vest subject to
achievement of performance
conditions
Consideration Nil
Average price at which shares were awarded: R76.25
Vesting period: Three years from award
date
Value: R2 157 112.50
Date of award: 30 March 2016
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: 12 070 Barloworld ordinary
shares, of which 3 020
Barloworld shares will
vest subject to
achievement of performance
conditions
Consideration Nil
Average price at which shares were awarded: R76.25
Vesting period: Three years from award
date
Value: R920 337.50
Date of award: 30 March 2016
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: 14 610 Barloworld ordinary
shares, of which 3 650
Barloworld shares will
vest subject to
achievement of performance
conditions
Consideration Nil
Average price at which shares were awarded: R76.25
Vesting period: Three years from award
date
Value: R1 114 012.50
Date of award: 30 March 2016
Nature of transaction: Direct beneficial interest
Name of director of major subsidiary: Boikanyo Mazibuko
Major subsidiary: Barloworld South Africa
(Pty) Limited
Designation: Director
Number of forfeitable shares awarded: 12 450 Barloworld ordinary
shares, of which 3 110
Barloworld shares will
vest subject to
achievement of performance
conditions
Consideration Nil
Average price at which shares were awarded: R76.25
Vesting period: Three years from award
date
Value: R949 312.50
Date of award: 30 March 2016
Nature of transaction: Direct beneficial interest
Approximately 75% of the shares awarded to executive directors 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
1 April 2016
Sponsor: JP Morgan Equities South Africa (Pty) Limited
Date: 01/04/2016 05:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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