| Thu 28 Jun 2012, 12:10 | | BAW/BAWP - Barloworld Limited - Fulfilment or waiver of conditions precedent |
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BAW BAWP
BAW
BAW/BAWP - Barloworld Limited - Fulfilment or waiver of conditions precedent
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)
(Bond issuer code: BIBAW)
("Barloworld" or "the Company")
FULFILMENT OR WAIVER OF CONDITIONS PRECEDENT
Fulfilment or waiver of conditions precedent - Acquisition by Barloworld and
certain of its subsidiaries of the Bucyrus distribution and support
businesses from Caterpillar Global Mining LLC and certain of its
subsidiaries ("Caterpillar") and Eqstra Holdings Limited and certain of its
subsidiaries ("Eqstra").
Further to the announcement dated 30 May 2012 regarding the acquisition by
Barloworld and certain of its subsidiaries of the Bucyrus distribution and
support businesses from Eqstra and Caterpillar, shareholders are advised
that:-
- the conditions to which the acquisition by Barloworld and certain
of its subsidiaries of the Bucyrus distribution and support
businesses from Eqstra ("Eqstra Acquisition") was subject,
including the approval of the South African competition authority,
have been fulfilled or waived. The Eqstra Acquisition will be
implemented on 29 June 2012;
- Upon implementation of the Eqstra Acquisition all of the
conditions to which the acquisition by Barloworld and certain of
its subsidiaries of the Bucyrus distribution and support
businesses from Caterpillar is subject, including the approval of
the South African competition authority, will have been fulfilled
or waived, in which event the Caterpillar Acquisition will be
implemented on 2 July 2012.
28 June 2012
Sponsor:
J.P Morgan Equities Ltd
About Barloworld
Barloworld is a distributor of leading international brands providing
integrated rental, fleet management, product support and logistics
solutions. The core divisions of the group comprise Equipment (earthmoving
and power systems), Automotive and Logistics (car rental, motor retail,
fleet services, used vehicles and disposal solutions, logistics management
and supply chain optimisation) and Handling (materials handling and
agriculture). We offer flexible, value adding, integrated business solutions
to our customers backed by leading global brands. The brands we represent on
behalf of our principals include Caterpillar, Hyster, Avis, Audi, BMW, Ford,
General Motors, Mercedes-Benz, Toyota, Volkswagen, Massey Ferguson and
others.
Barloworld has a proven track record of long-term relationships with global
principals and customers. We have an ability to develop and grow businesses
in multiple geographies including challenging territories with high growth
prospects. One of our core competencies is an ability to leverage systems
and best practices across our chosen business segments. As an organisation
we are committed to sustainable development and playing a leading role in
empowerment and transformation. The company was founded in 1902 and
currently has operations in 27 countries around the world with approximately
60% of our nineteen thousand employees in South Africa.
Corporate information
Registered office and business address
Barloworld Limited, 180 Katherine Street
PO Box 782248, Sandton, 2146, South Africa
Tel +27 11 445 1000
Email invest@barloworld.com
Directors
Non-executive:
DB Ntsebeza (Chairman), NP Dongwana, AGK Hamilton*,
SS Mkhabela, B Ngonyama, SS Ntsaluba, TH Nyasulu,
SB Pfeiffer+, G Rodriguez de Castro de los Rios#.
Executive:
CB Thomson (Chief Executive), PJ Blackbeard, PJ Bulterman,
M Laubscher, OI Shongwe, DG Wilson.
*British #Spanish +American
Group company secretary
Bethuel Ngwenya
Enquiries
Barloworld Limited
Jacey de Gidts
Tel +27 11 445 1000
E-mail invest@barloworld.com
College Hill
Jacques de Bie, Tel +27 11 447 3030
E-mail Jacques.deBie@collegehill.co.za
For background information visit www.barloworld.com
Date: 28/06/2012 12:10:02 Produced by the JSE SENS Department.
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