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Share scheme implementation
BARCLAYS AFRICA GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1986/003934/06)
Share Code: BGA
ISIN: ZAE000174124
(Barclays Africa Group)
BARCLAYS AFRICA GROUP LIMITED (BGA) SHARE SCHEME IMPLEMENTATION
1.) The Absa Long-Term Incentive Plan 2012–2014 (Absa LTIP)
The Absa LTIP is a share-based plan with awards vesting after three years subject to a
balanced scorecard of performance conditions. Awards under the plan were allocated in
2012. The 2012 allocation vested at 10% (plus accumulated dividend equivalents) of the
maximum, with 50% being released in 2015 and the remaining 50% being restricted until
2016. The original awards and the vesting were disclosed in the BGA 2014 Integrated
Report (Integrated Report).
The shares in respect of the Absa LTIP were purchased on market and delivered to the
executive directors off market as set out in the table below:
Price of Price of Total Value (R)
Number
Shares at Shares
Transaction Award of
Director Grant (R) on
Date Type Vested
Delivery
Shares
(R)
Absa 4 746 151.01 179.86 853 593.07
Maria
25 June 2015 LTIP
Ramos
Absa 2 966 151.01 179.86 533 450.71
David
25 June 2015 LTIP
Hodnett
2.) One Africa Long-Term Incentive Plan 2012-2014 (One Africa LTIP)
The One Africa LTIP is a cash-based plan with awards vesting after three years subject to a
balanced scorecard of performance conditions. Awards under the plan were allocated in
2012. The award vested at 23% of the maximum, with 50% being released in cash in 2015
and with the remaining 50% being restricted in the form of a share award until 2016. The
original awards and the vesting were disclosed in the Integrated Report.
The number of shares to be allocated in terms of the restriction referred to above is
determined having regard to the 20 day volume weighted average of a BGA share to 14 June
2015. The plan used to facilitate the allocation of these shares is the Barclays Africa Share
Value Plan (the SVP), further detailed in paragraph 3 below.
The share awards in respect of the One Africa LTIP were granted to the executive directors
off market as set out in the table below:
Number Price of Total Value
Award of Shares at (R)
Director Transaction Date
Type Shares Grant (R)
Awarded
One Africa 12 606 181.32 2 285 719.92
Maria Ramos 24 June 2015
LTIP
One Africa 7 879 181.32 1 428 620.28
David Hodnett 24 June 2015
LTIP
3.) Deferred Bonus Awards into the SVP
As reflected in the Integrated Report, any annual incentive awarded to an executive director
is deferred as to 60% thereof.
The deferred portion of the incentive has historically been partially delivered in phantom
shares. Following approval of the SVP at the annual general meeting on 19 May 2015, this
will instead be delivered in the form of equity shares through the SVP.
The number of shares under the 2015 SVP was fixed with reference to the 20-day
volume-weighted average price up to 1 March 2015.*
The share awards in respect of the deferred bonuses into the SVP were granted to the
executive directors and company secretary off market as set out in the table below:
Number of Price of Total Value
Transaction
Director/Secretary Award Type Shares Shares at (R)
Date
Awarded Grant (R)
Maria Ramos 24 June 2015 SVP 2015 45 678 189.15 8 639 993.70
David Hodnett 24 June 2015 SVP 2015 42 824 189.15 8 100 159.60
Nadine Drutman 24 June 2015 SVP 2015 1 816 189.15 343 496.40
Clearance to deal was obtained by the two executive directors and the company secretary.
*As stipulated in the SVP rules, the deemed grant date for the deferred incentive in respect of the 2014
performance year was 1 March 2015 and will vest in three equal tranches in March 2016, 2017 and 2018.
Discretionary dividend equivalent payments may also be made to participants on release of a SVP award.
Johannesburg
26 June 2015
Enquiries:
Nadine Drutman – Group Company Secretary
(+2711) 350-5347
E-mail: Nadine.Drutman@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: 26/06/2015 02:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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