BARLOWORLD LIMITED - Dealings in securities

Release Date: 06/12/2016 14:30
Code(s): BAW BAWP
 
Wrap Text
Dealings in securities

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")

DEALINGS IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY OF BARLOWORLD
LIMITED

In terms of the Barloworld Share Appreciation Rights Scheme (SARs)
certain share appreciation rights were granted to senior management of
the Barloworld Group on 28 February 2011 and 19 March 2013.    The SARs
are settled in Barloworld Limited ordinary shares. The SARs vest over a
period of five years based on achievement of a prescribed performance
condition. The 2011 and 2013 grants met the performance condition and
vested on 27 February 2014 and 18 March 2016 respectively. Consequently
a third of the grants may be exercised by the executive directors of
Barloworld Limited and directors of the major subsidiary, Barloworld
South Africa (Pty) Limited.

In compliance with rule 3.63 to 3.74 of the Listing Requirements, the
following information is disclosed:


Director:                    Sibani Mngomezulu(Director of Barloworld
                             South Africa (Pty) Ltd – Major subsidiary of
                             Barloworld Limited)
Company:                     Barloworld Limited
Date of transaction:         1 December 2016
Class of security:           Ordinary shares
Nature of transaction:       On market purchase of shares to settle the
                             rights that have vested under the Share
                             Appreciation Right Scheme (SARs).
Number of shares :           2 037
Date of grant:               28 February 2011 and 19 March 2013
Price per share              R106.20
Total value:                 R216 329.40
Vesting period:              Three years after date of grant at a tranche
                             of one third per annum from the third year
Nature of interest:          Direct/Beneficial
Market intermediary:         N/A
Confirmation of clearance:   Clearance to deal was granted by a director
                             of Barloworld Limited




Sandton

6 December 2016

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

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