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

BARLOWORLD LIMITED - Integrated annual report, no change statement, notice to AGM and progress of sustainability-linked debt securities

Release Date: 15/12/2022 17:35
Code(s): BAW36 BAWGL2 BAWGL1 BAW29 BAW34 BAW37 BAW38 BAW33 BAW BAWP     PDF:  
Wrap Text
Integrated annual report, no change statement, notice to AGM and progress of sustainability-linked debt 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)
Alpha code: BIBWA
("Barloworld" or the "company")

INTEGRATED ANNUAL REPORT, NO CHANGE STATEMENT, NOTICE TO ANNUAL GENERAL
MEETING AND PROGRESS OF SUSTAINABILITY-LINKED DEBT SECURITIES

Integrated Annual Report

Barloworld shareholders (“Shareholders”) are advised that the 2022 Integrated Annual Report of the
company (“Integrated Report”) for the 12 months ended 30 September 2022, has been distributed to
Shareholders today.

The Integrated Report, the financial statements for the 12 months ended 30 September 2022
(“Financial Statements”) and the remuneration report are available on the company’s website,
www.barloworld.com.

Shareholders wishing to receive a printed copy of the Integrated Report can e-mail their request to
bawir@barloworld.com.

No Change Statement

Shareholders are referred to the SENS announcement dated 21 November 2022 with respect to
Barloworld’s audited annual results for the 12 months ended 30 September 2022 (“Annual Results”).
The Financial Statements contain no material modifications to the Annual Results and there were no
changes to the unqualified auditor’s report referred to in the Annual Results.

Notice of Annual General Meeting

Notice is hereby given that the hundred and sixth annual general meeting (“AGM”) of Shareholders will
be held virtually on Friday, 17 February 2023 at 09:00 for the purpose of considering and, if deemed fit,
to pass, with or without modification, the resolutions set out in the notice of AGM for the 12 months
ended 30 September 2022 (“AGM Booklet”).

Shareholders who wish to electronically participate in and/or vote at the AGM are required to complete
the electronic participation application form attached to the AGM Booklet and email same to The
Meeting Specialist Proprietary Limited as per the instructions contained in the AGM Booklet.

The AGM Booklet has been distributed to Shareholders today, and is available on the company’s
website, https://www.barloworld.com/investors/integrated-reports/. Shareholders wishing to
receive a printed copy of the AGM Booklet can e-mail their request to bawir@barloworld.com.

The salient dates for the AGM are as follows:

 Record date for the purposes of determining which shareholders              Friday, 9 December 2022
 are entitled to receive the notice of AGM
 Notice of AGM distributed to shareholders                                   Thursday, 15 December 2022
 Last day to trade for the purposes of determining which                     Tuesday, 7 February 2023
 shareholders are entitled to attend and vote at the AGM
 Record date for the purposes of determining which shareholders              Friday, 10 February 2023
 are entitled to attend and vote at the AGM
 For administrative purposes, proxy forms to be lodged by no                 Wednesday, 15 February 2023
 later than 09:00
 AGM to be held at 09:00                                                     Friday, 17 February 2023
 Results of AGM announcement released on SENS on or about                    Friday, 17 February 2023

Sustainability-linked debt securities progress

The company would like to update noteholders on the progress of the key performance indicators
(“KPIs”) on the following sustainability-linked debt securities (“debt securities”) against the
baseline/benchmark targets as verified by the independent external reviewer(s):

BAW 37


                                      Continuing operations
 KPI            Metric        Baseline       SPT 1            SPT 2         Progress as at 30
 Condition                    (As at 30      (To be           (To be        September 2022
                              September      achieved on      achieved on
                              2021)          30               30
                                             September        September
                                             2023)            2024)
 LTIFR          LTIFR         0.37           = 0.35           = 0.34        0.30
 Condition                                   (6%              (7%
                                             improvement      improvement
                                             from             from
                                             Baseline)        Baseline)
 Solar Power    MWh           1 398          = 1 680          = 1 764       1 728
 Condition                                   (20%             (20%
                                             improvement      improvement
                                             from             from
                                             Baseline)        Baseline)


BAW 38

                                      Continuing Operations
 KPI            Metric      Baseline         SPT 1            SPT 2         Progress as at 30
 Condition                  (As at 30        (To be           (To be        September 2022
                            September        achieved on      achieved on
                            2021)            30               30
                                             September        September
                                             2023)            2024)
 LTIFR          LTIFR       0.37             = 0.35           = 0.34        0.30
 Condition                                   (6%              (7%
                                             improvement      improvement
                                             from             from
                                             Baseline)        Baseline)
 Solar Power    MWh         1 398            = 1 680          = 1 764       1 728
 Condition                                   (20%             (20%
                                             improvement      improvement
                                             from             from
                                             Baseline)        Baseline)
BAWGL1



                                                                        GPTL 1
                                                 Baseline                               Progress as at
                               Unit of                            (To be achieved on
KPIs            KPIs                             (As at 30                              30 September
                             measurement                               or by 30
                                              September 2021)                               2022
                                                                   September 2023)

            % Female
                              Percentage                                 47.5%
         representation in                         44.9%                                    43.28%
KPI 1                            (%)                              (2.6% improvement
            Leadership
                                                                     from Baseline)
           Discretionary
        Spend procurement
        from black women-
        owned suppliers as    Percentage                                 14.4%
                                                   13.8%                                    16.26%
KPI 2       a % of total         (%)                              (0.6% improvement
            measured                                                 from Baseline)
           discretionary
        procurement spend



BAWGL2


KPIS            KPIs           Unit of           Baseline               GPTL 1          Progress as at
                             measurement         (As at 30        (To be achieved on    30 September
                                              September 2021)          or by 30             2022
                                                                   September 2023)


KPI1        % Female          Percentage           44.9%                 47.5%              43.28%
         representation in       (%)                              (2.6% improvement
            Leadership                                               from Baseline)

KPI2       Discretionary      Percentage           13.8%                 14.4%              16.26%
        Spend procurement        (%)                              (0.6% improvement
        from black women-                                            from Baseline)
        owned suppliers as
            a % of total
            measured
           discretionary
        procurement spend



   The reporting criteria for the above mentioned debt securities KPIs and the independent reviewer
   reports are available on the company’s website at www.barloworld.com/investors/debt-investors/



   15 December 2022

   Sponsor:
   Nedbank Corporate and Investment Banking, a division of Nedbank Limited

   Enquiries:
   Nwabisa Piki
   Group Investor Relations
   Tel: +27 11 445 1890
   E-mail: nwabisap@barloworld.com

Date: 15-12-2022 05:35:00
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.