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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)
(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 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 2015, 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: 60 870 Barloworld ordinary
shares, of which 45 650
Barloworld shares will vest
subject to achievement of
performance conditions;
Consideration Nil
Average price at which shares were awarded: R88.98
Vesting period: Three years from award date
Value: R5 416 212.60
Date of award: 30 March 2015
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: 31 600 Barloworld ordinary
shares, of which 23 700
Barloworld shares will vest
subject to achievement of
performance conditions;
Consideration Nil
Average price at which shares were awarded: R88.98
Vesting period: Three years from award date
Value: R2 811 768.00
Date of award: 30 March 2015
Nature of transaction: Direct beneficial interest
Name of executive director: John Blackbeard
Designation: Executive Director
Number of forfeitable shares awarded: 31 600 Barloworld ordinary
shares, of which 23 700
Barloworld shares will vest
subject to achievement of
performance conditions;
Consideration: Nil
Average price at which shares were awarded: R88.98
Vesting period: Three years from award date
Value: R2 811 768.00
Date of award: 30 March 2015
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: 31 600 Barloworld ordinary
shares, of which 23 700
Barloworld shares will vest
subject to achievement of
performance conditions;
Consideration Nil
Average price at which shares were awarded: R88.98
Vesting period: Three years from award date
Value: R2 811 768.00
Date of award: 30 March 2015
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: 31 600 Barloworld ordinary
shares, of which 23 700
Barloworld shares will vest
subject to achievement of
performance conditions;
Consideration Nil
Average price at which shares were awarded: R88.98
Vesting period: Three years from award date
Value: R2 811 768.00
Date of award: 30 March 2015
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: 3 600 Barloworld ordinary
shares
Consideration Nil
Average price at which shares were awarded: R88.98
Vesting period: Three years from award date
Value: R320 328.00
Date of award: 30 March 2015
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: 1 490 Barloworld
ordinary shares
Consideration Nil
Average price at which shares were awarded: R88.98
Vesting period: Three years from award date
Value: R132 580.20
Date of award: 30 March 2015
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: 2 120 Barloworld ordinary
shares
Consideration Nil
Average price at which shares were awarded: R88.98
Vesting period: Three years from award date
Value: R188 637.60
Date of award: 30 March 2015
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: 4 390 Barloworld ordinary
shares
Consideration Nil
Average price at which shares were awarded: R88.98
Vesting period: Three years from award date
Value: R390 622.20
Date of award: 30 March 2015
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: 1 730 Barloworld ordinary
shares
Consideration Nil
Average price at which shares were awarded: R88.98
Vesting period: Three years from award date
Value: R153 935.40
Date of award: 30 March 2015
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: 2 090 Barloworld ordinary
shares
Consideration Nil
Average price at which shares were awarded: R88.98
Vesting period: Three years from award date
Value: R185 968.20
Date of award: 30 March 2015
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: 1 670 Barloworld ordinary
shares
Consideration Nil
Average price at which shares were awarded: R88.98
Vesting period: Three years from award date
Value: R148 596.60
Date of award: 30 March 2015
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
2 April 2015
Sponsor: JP Morgan Equities South Africa (Pty) Limited
Date: 02/04/2015 08:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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