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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 30 March 2012, 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: 48 500 Barloworld ordinary shares, of which 36 500
Barloworld shares will vest subject to achievement
of performance conditions;
Consideration Nil
Average price at which
shares were awarded: R97.03
Vesting period: Three years from award date
Value: R4,705,955.00
Date of award: 30 March 2012
Nature of transaction: Direct beneficial interest
Name of executive director: Donald Wilson
Name of company: Barloworld Limited
Designation: Finance Director
Number of forfeitable
shares awarded: 23 250 Barloworld ordinary shares, of which 17 500
Barloworld shares will vest subject to achievement
of performance conditions;
Consideration Nil
Average price at which
shares were awarded: R97.03
Vesting period: Three years from award date
Value: R2,255,947.50
Date of award: 30 March 2012
Nature of transaction: Direct beneficial interest
Name of executive director: John Blackbeard
Designation: Executive Director
Number of forfeitable
shares awarded: 23 250 Barloworld ordinary shares, of which 17 500
Barloworld shares will vest subject to achievement
of performance conditions;
Consideration: Nil
Average price at which
shares were awarded: R97.03
Vesting period: Three years from award date
Value: R2,255,947.50
Date of award: 30 March 2012
Nature of transaction: Direct beneficial interest
Name of executive director: Peter Bulterman
Name of company: Barloworld Limited
Designation: Executive Director
Number of forfeitable
shares awarded: 23 250 Barloworld ordinary shares, of which 17 500
Barloworld shares will vest subject to achievement
of performance conditions;
Consideration Nil
Average price at which
shares were awarded: R97.03
Vesting period: Three years from award date
Value: R2,255,947.50
Date of award: 30 March 2012
Nature of transaction: Direct beneficial interest
Name of executive director: Martin Laubscher
Name of company: Barloworld Limited
Designation: Executive Director
Number of forfeitable
shares awarded: 30 500 Barloworld ordinary shares, of which 23 000
Barloworld shares will vest subject to achievement
of performance conditions;
Consideration Nil
Average price at which
shares were awarded: R97.03
Vesting period: Three years from award date
Value: R2,959,415.00
Date of award: 30 March 2012
Nature of transaction: Direct beneficial interest
Name of executive director: Isaac Shongwe
Name of company: Barloworld Limited
Designation: Executive Director
Number of forfeitable
shares awarded: 18 000 Barloworld ordinary shares, of which 13 500
Barloworld shares will vest subject to achievement
of performance conditions;
Consideration Nil
Average price at which
shares were awarded: R97.03
Vesting period: Three years from award date
Value: R1,746,540.00
Date of award: 30 March 2012
Nature of transaction: Direct beneficial interest
Approximately 75% of the shares awarded to executive directors of Barloworld
Limited are subject to performance conditions. The performance conditions
include performance targets for improvement in return on net operating assets
(RONA), total shareholder return (TSR) and growth in headline earnings per share
(HEPS). The remaining 25% of the shares awarded are for retention purposes and
subject to continued employment over a 3 year period.
Executive Directors of Barloworld South Africa (Pty) Limited:
Name of director of major
subsidiary: Dominic Sewela
Designation: Director of major subsidiary
Name of company: Barloworld South Africa (Pty) Limited
Number of forfeitable
shares awarded: 13 500 Barloworld ordinary shares, of which 10 000
Barloworld shares will vest subject to achievement
of performance conditions;
Consideration Nil
Average price at which
shares were awarded: R97.03
Vesting period: Three years from award date
Value: R1,309,905.00
Date of award: 30 March 2012
Nature of transaction: Direct beneficial interest
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: 1 860 Barloworld ordinary shares
Consideration Nil
Average price at which
shares were awarded: R97.03
Vesting period: Three years from award date
Value: R180,475.80
Date of award: 30 March 2012
Nature of transaction: 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: 1 080 Barloworld ordinary
shares
Consideration Nil
Average price at which
shares were awarded: R97.03
Vesting period: Three years from award date
Value: R104,792.40
Date of award: 30 March 2012
Nature of transaction: 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: 1 750 Barloworld ordinary
shares
Consideration Nil
Average price at which
shares were awarded: R97.03
Vesting period: Three years from award date
Value: R169,802.50
Date of award: 30 March 2012
Nature of transaction: Direct beneficial interest
The necessary clearance in terms of paragraph 3.66 of the JSE Listings
Requirements has been obtained.
Barloworld shareholders approved a forfeitable share plan ("FSP") at the
company`s annual general meeting on 28 January 2010. The FSP 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
3 April 2012
Sponsor:
J.P. Morgan Equities (Pty) Limited
Date: 03/04/2012 10:34:01 Produced by the JSE SENS Department.
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