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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)
(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 19 March 2013, 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: 54 200 Barloworld ordinary shares, of
which 40 650 Barloworld shares will vest
subject to achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R86.90
Vesting period: Three years from award date
Value: R4 709 980.00
Date of award: 19 March 2013
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: 27 650 Barloworld ordinary shares, of
which 20 740 Barloworld shares will vest
subject to achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R86.90
Vesting period: Three years from award date
Value: R2 402 785.00
Date of award: 19 March 2013
Nature of transaction: Direct beneficial interest
Name of executive director: John Blackbeard
Name of company: Barloworld Limited
Designation: Executive Director
Number of forfeitable shares awarded: 27 650 Barloworld ordinary shares, of
which 20 740 Barloworld shares will vest
subject to achievement of performance
conditions;
Consideration: Nil
Average price at which shares were awarded: R86.90
Vesting period: Three years from award date
Value: R2 402 785.00
Date of award: 19 March 2013
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: 27 650 Barloworld ordinary shares, of
which 20 740 Barloworld shares will vest
subject to achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R86.90
Vesting period: Three years from award date
Value: R2 402 785.00
Date of award: 19 March 2013
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: 33 440 Barloworld ordinary shares, of
which 25 080 Barloworld shares will vest
subject to achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R86.90
Vesting period: Three years from award date
Value: R2,905 936.00
Date of award: 19 March 2013
Nature of transaction: Direct beneficial interest
Name of executive director: Isaac Shongwe
Name of company: Barloworld Limited
Designation: Executive Director
Number of forfeitable shares awarded: 21 070 Barloworld ordinary shares, of
which 15 800 Barloworld shares will vest
subject to achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R86.90
Vesting period: Three years from award date
Value: R1 830 983.00
Date of award: 19 March 2013
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, total
shareholder return and growth in headline earnings per share. 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: Dominic Sewela
Designation: Director of major subsidiary
Name of company: Barloworld South Africa (Pty) Limited
Number of forfeitable shares awarded: 21 070 Barloworld ordinary shares, of
which 15 800 Barloworld shares will vest
subject to achievement of performance
conditions;
Consideration Nil
Average price at which shares were awarded: R86.90
Vesting period: Three years from award date
Value: R1,830 983.00
Date of award: 19 March 2013
Nature of transaction: Direct beneficial interest
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: 2 350 Barloworld ordinary shares
Consideration Nil
Average price at which shares were awarded: R86.90
Vesting period: Three years from award date
Value: R204 215.00
Date of award: 19 March 2013
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: 1 640 Barloworld ordinary shares
Consideration Nil
Average price at which shares were awarded: R86.90
Vesting period: Three years from award date
Value: R142 516.00
Date of award: 19 March 2013
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: 1 920 Barloworld ordinary shares
Consideration Nil
Average price at which shares were awarded: R86.90
Vesting period: Three years from award date
Value: R166 848.00
Date of award: 19 March 2013
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: 3 870 Barloworld ordinary shares
Consideration Nil
Average price at which shares were awarded: R86.90
Vesting period: Three years from award date
Value: R336 303.00
Date of award: 19 March 2013
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
27 March 2013
Sponsor: JP Morgan Equities South Africa (Pty) Limited
Date: 27/03/2013 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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