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Results of placing by Barclays Plc
BARCLAYS AFRICA GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
ISIN: ZAE000174124
JSE share code: BGA
(Barclays Africa)
PLACING BY BARCLAYS PLC OF 103.6 MILLION (12.2%) ORDINARY SHARES IN BARCLAYS
AFRICA
Barclays Africa shareholders are referred to the announcement released by Barclays PLC in relation to the
results of the placing of 103.6 million ordinary shares in Barclays Africa. The Barclays PLC RNS
announcement is set out below:
“PLACING OF 103.6 MILLION ORDINARY SHARES IN BARCLAYS AFRICA GROUP LIMITED (“BARCLAYS AFRICA”)
5 May 2016
Further to the announcement released on 4 May 2016, Barclays has sold 103,592,491 ordinary shares in
the capital of Barclays Africa (representing 12.2% of Barclays Africa’s issued share capital) at a price of
ZAR 126 per share through an accelerated bookbuild placing (the "Placing"), raising aggregate gross sale
proceeds of approximately ZAR 13,053 million (£603 million)(Note 1). Upon settlement, the Placing is expected to
result in a pro forma increase of approximately 10 basis points on the 31 March 2016 CET1 ratio.
Barclays Bank PLC, acting through its investment bank (“Barclays Investment Bank”) is acting as sole
global coordinator and joint bookrunner, together with Citigroup Global Markets Limited, J.P. Morgan
Securities plc (which conducts its UK investment banking activities as J.P. Morgan Cazenove) and
UBS Limited (the “Managers”) who, together with Barclays Investment Bank, are acting as joint
bookrunners on the Placing (together, the “Joint Bookrunners”).
Following completion of the Placing, Barclays will hold 424.7 million ordinary shares in the capital of
Barclays Africa, representing approximately 50.1% of Barclays Africa’s issued share capital.
All of the remaining ordinary shares in Barclays Africa held by Barclays PLC or its subsidiaries (excluding
Barclays Africa and its subsidiaries) not sold in the Placing will be subject to a 90 day lock-up restriction
from settlement. During this period, the lock-up restriction may be waived with the consent of the Managers
(such consent not to be unreasonably withheld or delayed).
The proceeds of the Placing are payable in cash on usual settlement terms, and settlement of the Placing is
expected to occur on a T+5 basis on 12 May 2016, subject to the satisfaction or waiver of certain customary
conditions.
Note 1 - Exchange Rate ZARGBP 0.0462 as of 4 May 2016 (source: Bloomberg)”
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Pursuant to the above and in accordance with section 122 (3)(b) of the Companies Act and section 3.83(b)
of the Listings Requirements of the JSE Limited, Barclays Africa shareholders are advised that Barclays
Africa has received formal notification from Barclays PLC that its total interest in Barclays Africa has been
reduced from 62.3% to 50.1%.
As required in terms of Section 122 of the Companies Act, the required notice will be filed with the Takeover
Regulation Panel.
Johannesburg
5 May 2016
Enquiries:
Nadine Drutman (Group Company Secretary)
Nadine.Drutman@barclaysafrica.com
Tel: 011 350 5347
Independent lead sponsor to Barclays Africa Group:
J.P. Morgan Equities South Africa Proprietary Limited
Joint sponsor to Barclays Africa Group:
Corporate and Investment Bank, a division of Absa Bank Limited
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Date: 05/05/2016 08:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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