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Directors of Barloworld Ltd 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")
ALLOCATION OF FORFEITABLE SHARES
In accordance with paragraph 3.63 of the JSE Listings Requirements,
shareholders are advised that the following executive directors 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 18 March 2014, the
salient details of which are set out below:
Executive Directors of Barloworld Limited:
Name of executive director: Clive Thomson
Name of company: Barloworld Limited
Designation: Chief Executive Officer
Number of forfeitable shares awarded: 47 470 Barloworld ordinary
shares, of
which 35 600 Barloworld
shares will vest subject
to achievement of
performance conditions;
Consideration Nil
Average price at which shares were awarded: R105.44
Vesting period: Three years from award
date
Value: R5 005 236.80
Date of award: 18 March 2014
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: 24 840 Barloworld ordinary
shares, of which 18 630
Barloworld shares will
vest subject to
achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R105.44
Vesting period: Three years from award
date
Value: R2 619 129.60
Date of award: 18 March 2014
Nature of transaction: Direct beneficial interest
Name of executive director: John Blackbeard
Designation: Executive Director
Number of forfeitable shares awarded: 24 840 Barloworld ordinary
shares, of which 18 630
Barloworld shares will
vest subject to
achievement of performance
conditions;
Consideration: Nil
Average price at which shares were awarded: R105.44
Vesting period: Three years from award
date
Value: R2 619 129.60
Date of award: 18 March 2014
Nature of transaction: Direct beneficial interest
Name of executive director: Peter Bulterman
Name of company: Barloworld Limited
Designation: Executive Director
Number of forfeitable shares awarded: 24 840 Barloworld ordinary
shares, of which 18 630
Barloworld shares will
vest subject to
achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R105.44
Vesting period: Three years from award
date
Value: R2 619 129.60
Date of award: 18 March 2014
Nature of transaction: Direct beneficial interest
Name of executive director: Martin Laubscher
Name of company: Barloworld Limited
Designation: Executive Director
Number of forfeitable shares awarded: 29 330 Barloworld ordinary
shares, of which 22 000
Barloworld shares will
vest subject to
achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R105.44
Vesting period: Three years from award
date
Value: R3 092 555.20
Date of award: 18 March 2014
Nature of transaction: Direct beneficial interest
Name of executive director: Dominic Sewela
Name of company: Barloworld Limited
Designation: Executive Director
Number of forfeitable shares awarded: 24 840 Barloworld ordinary
shares, of which 18 630
Barloworld shares will
vest subject to
achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R105.44
Vesting period: Three years from award
date
Value: R2 619 129.60
Date of award: 18 March 2014
Nature of transaction: Direct beneficial interest
Approximately 75% of the shares awarded to executive directors of
Barloworld Limited 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% of
the shares awarded are for retention purposes and subject to continued
employment over a 3 year period.
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: 2 090 Barloworld ordinary
shares
Consideration Nil
Average price at which shares were awarded: R105.44
Vesting period: Three years from award
date
Value: R220 369.60
Date of award: 18 March 2014
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: 1 180 Barloworld
ordinary shares
Consideration Nil
Average price at which shares were awarded: R105.44
Vesting period: Three years from award
date
Value: R124 419.20
Date of award: 18 March 2014
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: 1 670 Barloworld ordinary
shares
Consideration Nil
Average price at which shares were awarded: R105.44
Vesting period: Three years from award
date
Value: R176 084.80
Date of award: 18 March 2014
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: 3 430 Barloworld ordinary
shares
Consideration Nil
Average price at which shares were awarded: R105.44
Vesting period: Three years from award
date
Value: R361 659.20
Date of award: 18 March 2014
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: 1 350 Barloworld ordinary
shares
Consideration Nil
Average price at which shares were awarded: R105.44
Vesting period: Three years from award
date
Value: R142 344.00
Date of award: 18 March 2014
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: 1 600 Barloworld ordinary
shares
Consideration Nil
Average price at which shares were awarded: R105.44
Vesting period: Three years from award
date
Value: R168 704.00
Date of award: 18 March 2014
Nature of transaction: Direct beneficial interest
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
31 March 2014
Sponsor: JP Morgan Equities South Africa (Pty) Limited
Date: 31/03/2014 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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