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BARCLAYS AFRICA GROUP LIMITED - Notice of dealings in securities

Release Date: 25/02/2014 13:56
Code(s): BGA     PDF:  
Wrap Text
Notice of dealings in securities

BARCLAYS AFRICA GROUP LIMITED
(Formerly known as Absa Group Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000174124
JSE share code: BGA
(“Barclays Africa Group” or “the Group”)

NOTICE OF DEALINGS IN SECURITIES

In compliance with paragraphs 3.63 to 3.74 of the Listings
Requirements of the JSE Limited the following information
is disclosed.

Barclays Africa Group Executive Director D W P Hodnett and
Group Company Secretary N R Drutman were granted awards
under the Executive Share Award Scheme (ESAS 2009), an
equity-settled phantom share scheme approved by
shareholders in 2009. N R Drutman also elected to
participate in the Voluntary Executive Share Award Scheme
(VESAS), an equity-settled phantom share scheme approved by
shareholders in 2009. The conditions of the schemes have
been met and the schemes have now come to the end of their
5-year lifecycle, resulting in mandatory vesting.

Pursuant to the schemes, and subject to the completion of
appropriate mandates and instructions, N R Drutman elected
to sell 3,469 shares in respect of her ESAS award and 149
shares in respect of her VESAS award. D W P Hodnett elected
to sell all of his shares.

Details of these transactions are contained below:

Name:                         N R Drutman
Designation:                  Barclays Africa Group Company
                              Secretary
Date of sale transaction:     21 February 2014
Number of shares:             Acquired 8,609 shares at
                              13 350 cents per share.
                              Sold 2,845 shares at 13 350
                              cents per share and 624
                              Shares at 13 351 cents per
                              share.
                              Retained 5,140 shares.

Nature of transaction:        On market acquisition and
                              consequent sale of shares
Class of securities:         Barclays Africa Group
                             ordinary shares
Value of acquisition
transaction:                 R1 149,301.50
Value of sale transaction:   R463,117.74
Nature of interest:          Direct beneficial
Clearance to deal:           Yes

Name:                        D W P Hodnett
Designation:                 Barclays Africa Group
                             Executive Director
Date of sale transaction:    21 February 2014
Number of shares:            Acquired 12,912 shares at
                             13 350 cents per share.
                             Sold 12,912 shares at 13 350
                             cents per share.

Nature of transaction:       On market acquisition and
                             consequent sale of shares
Class of securities:         Barclays Africa Group
                             ordinary shares
Value of acquisition
transaction:                 R1 723,752.00
Value of sale transaction:   R1 723,752.00
Nature of interest:          Direct beneficial
Clearance to deal:           Yes

Name:                        N R Drutman
Designation:                 Barclays Africa Group Company
                             Secretary
Date of sale transaction:    21 February 2014
Number of shares:            Acquired 380 shares at 13 300
                             cents per share.
                             Sold 149 shares at 13 300
                             cents per share.
                             Retained 231 shares.

Nature of transaction:       On market acquisition and
                             consequent sale of shares
Class of securities:         Barclays Africa Group
                             ordinary shares
Value of acquisition
transaction:                 R50,540.00
Value of sale transaction:   R19,817.00
Nature of interest:          Direct beneficial
Clearance to deal:           Yes


Johannesburg
25 February 2014

Enquiries:
Alan Hartdegen – Head: Investor Relations
(+2711) 350-2598
E-mail: Alan.Hartdegen@barclaysafrica.com

Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor:
Corporate and Investment Banking, a division of Absa Bank
Limited

Date: 25/02/2014 01:56:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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