To view the PDF file, sign up for a MySharenet subscription.

BARLOWORLD LIMITED - Dealings in securities

Release Date: 28/03/2017 15:09
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 DIRECTOR OF BARLOWORLD LIMITED AND DIRECTOR 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 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
2013 grant met the performance condition and vested on 18 March 2016.
Consequently a third of the grant 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:              Dominic Sewela
Company:               Barloworld Limited
Date of transaction:   27 March 2017
Class of security:     Ordinary shares
Nature of              On market purchase of shares to settle the rights
transaction:           that have vested under the Share Appreciation Right
                       Scheme (SARs).
Number of shares :     1 666
Date of grant:         19 March 2013
Price per share:       R120.6174
Total value:           R200 948.59
Vesting period:        Three years after date of grant in tranches of one
                       third per annum from the third year
Nature of interest:    Direct/Beneficial
Market intermediary:   N/A
Confirmation of        Clearance to deal was granted by the Chairman of
clearance:             Barloworld Limited

Director:                Donald Wilson
Company:                 Barloworld Limited
Date of transaction:     27 March 2017
Class of security:       Ordinary shares
Nature of                On market purchase of shares to settle the rights
transaction:             that have vested under the Share Appreciation Right
                         Scheme (SARs).
Number of shares :       2 300
Date of grant:           19 March 2013
Price per share:         R120.6174
Total value:             R277 420.02
Vesting period:          Three years after date of grant in tranches of one
                         third per annum from the third year
Nature of interest:      Direct/Beneficial
Market intermediary:     N/A
Confirmation of          Clearance to deal was granted by the CEO of
clearance:               Barloworld Limited




Director:                      Sameshan Moodley (Director of Barloworld
                               South Africa (Pty) Ltd – Major subsidiary of
                               Barloworld Limited)
Company:                       Barloworld Limited
Date of transaction:           27 March 2017
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 :             881
Date of grant:                 19 March 2013
Price per share                R120.6174
Total value:                   R106 263.93
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
28 March 2017
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

Date: 28/03/2017 03:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story