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BAW BAWP
BAW
BAW/BAWP - Barloworld Limited - Allocation of forfeitable shares
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Share code: BAW)
(ISIN: ZAE000026639)
(Share code: BAWP)
(ISIN: ZAE000026647)
("Barloworld" or "the company")
ALLOCATION OF FORFEITABLE SHARES
In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders
are advised that the following executive directors of Barloworld Limited and
directors of Barloworld South Africa (Pty) Limited, a major subsidiary, were
awarded shares in terms of the company`s forfeitable share plan (all off market)
on 28 February 2011, the salient details of which are set out below:
Executive Directors of Barloworld Limited:
Name of executive director: Clive Thomson
Name of company: Barloworld Limited
Designation: Chief Executive Officer
Number of forfeitable shares
awarded: 60 500 Barloworld ordinary shares, of which
44 000 Barloworld shares are subject to
performance conditions;
Consideration: Nil
VWAP on award date: R71.33
Vesting period: Three years from award date
Value: R4,315,465.00
Notification of award: 1 March 2011
Nature of transaction: Off market award of shares
Nature of interest: Direct beneficial interest
Name of executive director: Donald Wilson
Name of company: Barloworld Limited
Designation: Finance Director
Number of forfeitable shares
awarded: 26 000 Barloworld ordinary shares, of which
19 000 Barloworld shares are subject to
performance conditions;
Consideration: Nil
VWAP on award date: R71.33
Vesting period: Three years from award date
Value: R1,854,580.00
Notification of award: 1 March 2011
Nature of transaction: Off market award of shares
Nature of interest: Direct beneficial interest
Name of executive director: John Blackbeard
Designation: Executive Director
Number of forfeitable shares
awarded: 26 000 Barloworld ordinary shares, of which
19 000 Barloworld shares are subject to
performance conditions;
Consideration: Nil
VWAP on award date: R71.33
Vesting period: Three years from award date
Value: R1,854,580.00
Notification of award: 1 March 2011
Nature of transaction: Off market award of shares
Nature of interest: Direct beneficial interest
Name of executive director: Peter Bulterman
Name of company: Barloworld Limited
Designation: Executive Director
Number of forfeitable shares
awarded: 26 000 Barloworld ordinary shares, of which
19 000 Barloworld shares are subject to
performance conditions;
Consideration: Nil
VWAP on award date: R71.33
Vesting period: Three years from award date
Value: R1,854,580.00
Notification of award: 1 March 2011
Nature of transaction: Off market award of shares
Nature of interest: Direct beneficial interest
Name of executive director: Martin Laubscher
Name of company: Barloworld Limited
Designation: Executive Director
Number of forfeitable shares
awarded: 33 500 Barloworld ordinary shares, of which
24 500 Barloworld shares are subject to
performance conditions;
Consideration: Nil
VWAP on award date: R71.33
Vesting period: Three years from award date
Value: R2,389,555.00
Notification of award: 1 March 2011
Nature of transaction: Off market award of shares
Nature of interest: Direct beneficial interest
Name of executive director: Isaac Shongwe
Name of company: Barloworld Limited
Designation: Executive Director
Number of forfeitable shares
awarded: 21 500 Barloworld ordinary shares, of which
15 500 Barloworld shares are subject to
performance conditions;
Consideration: Nil
VWAP on award date: R71.33
Vesting period: Three years from award date
Value: R1,533,595.00
Notification of award: 1 March 2011
Nature of transaction: Off market award of shares
Nature of interest: Direct beneficial interest
Approximately 75% of the shares issued to executive directors of Barloworld
Limited are subject to performance conditions. The performance conditions
include performance targets for total shareholder return (TSR), growth in
headline earnings per share (HEPS) and improvement in return on shareholders`
equity (ROE).
Executive Directors of Barloworld South Africa (Pty) Limited:
Name of director of major
subsidiary: Sibani Mngomezulu
Designation: Director of major subsidiary
Name of company: Barloworld South Africa (Pty) Limited
Number of forfeitable shares
awarded: 2 190 Barloworld ordinary shares
Consideration: Nil
VWAP on award date: R71.33
Vesting period: Three years from award date
Value: R156,212.70
Notification of award: 1 March 2011
Nature of transaction: Off market award of shares
Nature of interest: Direct beneficial interest
Name of director of major
subsidiary: Khanyisile Kweyama
Major subsidiary: Barloworld South Africa (Pty) Limited
Designation: Director
Number of forfeitable shares
awarded: 2 240 Barloworld ordinary shares
Consideration: Nil
VWAP on award date: R71.33
Vesting period: Three years from award date
Value: R159,779.20
Notification of award: 1 March 2011
Nature of transaction: Off market award of shares
Nature of interest: Direct beneficial interest
Name of director of major
subsidiary: Gale Lemmert
Major subsidiary: Barloworld South Africa (Pty) Limited
Designation: Director
Number of forfeitable shares
awarded: 1 480 Barloworld ordinary shares
Consideration: Nil
VWAP on award date: R71.33
Vesting period: Three years from award date
Value: R105,568.40
Notification of award: 1 March 2011
Nature of transaction: Off market award of shares
Nature of interest: Direct beneficial interest
Name of director of major
subsidiary: Litha Nkombisa
Major subsidiary: Barloworld South Africa (Pty) Limited
Designation: Director
Number of forfeitable shares
awarded: 2 120 Barloworld ordinary shares
Consideration: Nil
VWAP on award date: R71.33
Vesting period: Three years from award date
Value: R151,219.60
Notification of award: 1 March 2011
Nature of transaction: Off market award of shares
Nature of interest: Direct beneficial interest
The necessary clearance in terms of paragraph 3.66 of the JSE Listings
Requirements has been obtained.
Barloworld shareholders approved the forfeitable share plan ("FSP") at the
company`s annual general meeting on 28 January 2010. The FSP will be a key
retention tool and is designed to align the objectives of Barloworld senior
management with the interests of shareholders.
The allocation of forfeitable shares was determined by the Barloworld
remuneration committee on a market related basis.
Sandton
1 March 2011
Sponsor:
J.P. Morgan Equities (Pty) Limited
Date: 01/03/2011 17:25:04 Produced by the JSE SENS Department.
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