Wrap Text
Dealings in securities
BARCLAYS AFRICA GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1986/003934/06)
Share Code: BGA
ISIN: ZAE000174124
(“Barclays Africa”)
DEALINGS IN SECURITIES
In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are
informed of dealings by Barclays Africa executive directors and the company secretary, as set
out below.
1. Restricted period
Following the announcements made by Barclays Africa to the market pertaining to the
separation from Barclays PLC and the related sell-down Barclays PLC's shareholding in
Barclays Africa, certain employees were restricted from accepting the 3 March 2017 share
award grants (as detailed below). Following the finalisation of the sell-down process and the
announcements to the market on 31 May and 1 June 2017 respectively, these employees are
now permitted to accept the 3 March 2017 grants.
Shareholders should accordingly note that the awards disclosed below are not new awards,
and were disclosed as part of the executive directors’ variable remuneration awards in
Barclays Africa’s 2016 remuneration report, but could not previously be accepted, given the
restricted period mentioned above.
2. Grant of Deferred Award
Consistent with our policy on incentive awards to senior employees, each annual incentive
award is deferred as to 60% thereof. Of this deferral amount, 50% is into the Share Value Plan
(SVP) and 50% into the Cash Value Plan (CVP). The individual has a choice to convert all or
part of the CVP into SVP.
The number of shares under the 2017 SVP was fixed with reference to the 20-day volume
weighted average price up to 3 March 2017, being the grant date but as a result of the
restrictions could only be accepted in June 2017. This table sets out the deferred incentives
which were awarded into the SVP and granted to the executive directors and company
secretary off market. These awards have since been accepted on the dates indicated below.
Director/Secretary Transaction Date Award Type Number of Price of Shares Total Value (ZAR)
Shares at Grant (ZAR)
Awarded
Maria Ramos 13 June 2017 SVP 2017 28,497 157.91 R 4,499,961.27
David Hodnett 09 June 2017 SVP 2017 27,547 157.91 R 4,349,946.77
Jason Quinn 12 June 2017 SVP 2017 9,499 157.91 R 1,499,987.09
Peter Matlare 13 June 2017 SVP 2017 7,599 157.91 R 1,199,958.09
Nadine Drutman 12 June 2017 SVP 2017 2,533 157.91 R 399,986.03
3. 2017 Share Incentive Award (SIA)
50% of an executive director’s non-deferred annual incentive is delivered as shares (the SIA)
around the time the non-deferred cash incentive award is paid. The SIA is subject to a
six-month holding period and will be released in September of the same year.
The number of shares under the 2017 SIA was fixed with reference to the 20-day volume
weighted average price up to 3 March 2016, being the grant date but as a result of the
restriction could only be accepted in June 2017. These awards have since been accepted on
the dates indicated below.
The share awards in respect of the SIA were granted to the executive directors off market as
set out in the table below. These shares will be released to the individuals six months after the
award.
Director/Secretary Transaction Award Type Number of Price of Total Value (ZAR)
Date Shares Shares at
Awarded Grant (ZAR)
Maria Ramos 13 June 2017 SIA 2017 18,998 157.91 R 2,999,974.18
David Hodnett 09 June 2017 SIA 2017 18,364 157.91 R 2,899,859.24
Jason Quinn 12 June 2017 SIA 2017 6,332 157.91 R 999,886.12
Peter Matlare 13 June 2017 SIA 2017 5,066 157.91 R 799,972.06
4. Sale of shares
Barclays Africa ordinary shares, previously allocated, have been sold on market as follows:
Date of transaction: 12 June 2017
Director: Jason Quinn
Number of shares sold: 14 500 Barclays Africa Group ordinary shares
Sale price: Low – R147.00 per share
High – R148.00 per share
Volume-weighted average price – R147.5331035 per
share
Total value: R2,139,230.00
Nature of transaction: On-market sale of shares.
Prior clearance to deal was obtained for all the above dealings.
Johannesburg
14 June 2017
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 Bank, a division of Absa Bank Limited
Date: 14/06/2017 03:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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