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BARLOWORLD LIMITED - Dealings in securities

Release Date: 22/03/2017 14:49
Code(s): BAW BAWP     PDF:  
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 BARLOWORLD LIMITED AND DIRECTORS
OF A MAJOR SUBSIDIARY OF BARLOWORLD LIMITED

In terms of the Barloworld Forfeitable Share Plan (FSP) forfeitable
shares were granted to senior management of the Barloworld Group on 18
March 2014. The FSP vests over a period of three years. 75% of the FSP
granted to executive directors and prescribed officers vest on a sliding
scale based on achievement of prescribed performance conditions. The
performance conditions for HEPS and TSR have not been met and only 38.0%
of the RONOA performance shares will vest.

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


Director:                Donald Wilson
Company:                 Barloworld Limited
Date of transaction:     17 March 2017
Class of security:       Ordinary shares
Nature of transaction:   On market sale of shares that have vested under
                         the Barloworld Limited Forfeitable Share Plan
                         (FSP’s)
Number of FSPs :         9 750
Date of grant:           18 March 2014
Price per share          R127.8679
Total value:             R1 246 712.03
Vesting period:          Three years after date of grant
Nature of interest:      Direct/Beneficial
Market intermediary:     N/A
Confirmation of          Clearance to deal was granted by the CEO of
clearance                Barloworld Limited



Director:                Matthew Govender
Company:                 Barloworld South Africa (Pty) Ltd – major
                         subsidiary of Barloworld Ltd
Date of transaction:     17 March 2017
Class of security:       Ordinary shares
Nature of transaction:   On market sale of shares that have vested under
                         the Barloworld Limited Forfeitable Share Plan
                         (FSP’s)and on market sale of shares
Number of FSPs :         1 350 FSPs
Number of shares         621 ordinary shares
Date of grant:           18 March 2014
Price per share          R128.6477
Total value:             R253 564.62
Vesting period:          Three years after date of grant
Nature of interest:      Direct/Beneficial
Market intermediary:     N/A
Confirmation of          Clearance to deal was granted by a director of
clearance                Barloworld Limited




Director:                Sameshan Moodley
Company:                 Barloworld South Africa (Pty) Ltd – major
                         subsidiary of Barloworld Ltd
Date of transaction:     17 March 2017
Class of security:       Ordinary shares
Nature of transaction:   On market sale of shares that have vested under
                         the Barloworld Limited Forfeitable Share Plan
                         (FSP’s)
Number of FSPs :         1 600
Date of grant:           18 March 2014
Price per share          R127.8679
Total value:             R204 588.64
Vesting period:          Three years after date of grant
Nature of interest:      Direct/Beneficial
Market intermediary:     N/A
Confirmation of          Clearance to deal was granted by a director of
clearance                Barloworld Limited
Date of transaction:     20 March 2017
Class of security:       Ordinary shares
Nature of transaction:   On market sale of shares
Number of shares :       1000
Price per share          R127.1111
Total value:             R127 110.11
Nature of interest:      Direct/Beneficial
Confirmation of          Clearance to deal was granted by a director of
clearance                Barloworld Limited


Director:                Andronicca Masemola
Company:                 Barloworld South Africa (Pty) Ltd – major
                         subsidiary of Barloworld Ltd
Date of transaction:     17 March 2017
Class of security:       Ordinary shares
Nature of transaction:   On market sale of shares that have vested under
                         the Barloworld Limited Forfeitable Share Plan
                         (FSP’s)
Number of FSPs :         7 110
Date of grant:           18 March 2014
Price per share          R127.8679
Total value:             R909 140.77
Vesting period:          Three years after date of grant
Nature of interest:      Direct/Beneficial
Market intermediary:     N/A
Confirmation of          Clearance to deal was granted by a director of
clearance                Barloworld Limited
Director:                Litha Nkombisa
Company:                 Barloworld South Africa (Pty) Ltd – major
                         subsidiary of Barloworld Ltd
Date of transaction:     17 March 2017
Class of security:       Ordinary shares
Nature of transaction:   On market sale of shares that have vested under
                         the Barloworld Limited Forfeitable Share Plan
                         (FSP’s)
Number of FSPs :         1 670
Date of grant:           18 March 2014
Price per share          R127.8679
Total value:             R213 539.39
Vesting period:          Three years after date of grant
Nature of interest:      Direct/Beneficial
Market intermediary:     N/A
Confirmation of          Clearance to deal was granted by a director of
clearance                Barloworld Limited


Director:                Gale Lemmert
Company:                 Barloworld South Africa (Pty) Ltd – major
                         subsidiary of Barloworld Ltd
Date of transaction:     17 March 2017
Class of security:       Ordinary shares
Nature of transaction:   On market sale of shares to meet costs of
                         taxation in respect of shares that have vested
                         under the Barloworld Limited Forfeitable Share
                         Plan (FSP’s))
Number of FSPs :         539
Date of grant:           18 March 2014
Price per share          R127.8679
Total value:             R68 920.80
Vesting period:          Three years after date of grant
Nature of interest:      Direct/Beneficial
Market intermediary:     N/A
Confirmation of          Clearance to deal was granted by a director of
clearance                Barloworld Limited



Director:                Boikanyo Mazibuko
Company:                 Barloworld South Africa (Pty) Ltd – major
                         subsidiary of Barloworld Ltd
Date of transaction:     17 March 2017
Class of security:       Ordinary shares
Nature of transaction:   On market sale of shares to meet costs of
                         taxation in respect of shares that have vested
                         under the Barloworld Limited Forfeitable Share
                         Plan (FSP’s))
Number of FSPs :         671
Date of grant:           18 March 2014
Price per share          R127.8679
Total value:             R85 799.36
Vesting period:          Three years after date of grant
Nature of interest:      Direct/Beneficial
Market intermediary:     N/A
Confirmation of          Clearance to deal was granted by a director of
clearance                Barloworld Limited
Director:                Sibani Mngomezulu
Company:                 Barloworld South Africa (Pty) Ltd – major
                         subsidiary of Barloworld Ltd
Date of transaction:     17 March 2017
Class of security:       Ordinary shares
Nature of transaction:   On market sale of shares to meet costs of
                         taxation in respect of shares that have vested
                         under the Barloworld Limited Forfeitable Share
                         Plan (FSP’s))
Number of FSPs :         951
Date of grant:           18 March 2014
Price per share          R127.8679
Total value:             R121 602.37
Vesting period:          Three years after date of grant
Nature of interest:      Direct/Beneficial
Market intermediary:     N/A
Confirmation of          Clearance to deal was granted by a director of
clearance                Barloworld Limited

Sandton

22 March 2017

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

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