Barloworld Limited - Announcement Of Offer Price F
Barloworld Limited - Announcement of offer price for odd-lot offer
BARLOWORLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1918/0000095/06)
(Share code: BAW ISIN: ZAE000026639)
(Share code: BAWP ISIN: ZAE000026647)
("Barloworld" or "the company")
Announcement of offer price for odd-lot offer
Introduction
On 17 December 2002, Barloworld announced an odd-lot offer, details of which
were circulated to shareholders on 19 December 2002.
Shareholders are advised that the odd-lot offer price is R55,75 per Barloworld
ordinary share, being the volume weighted average traded price of the ordinary
shares on the JSE Securities Exchange South Africa ("JSE") over the five trading
days ending Friday, 24 January 2003.
In terms of the odd-lot offer, which is subject to the fulfilment of the
conditions precedent set out paragraph 2 below, holders of less than 100
ordinary shares who are recorded in the register at the close of business on 14
February 2003 and nominee shareholders holding fewer than 100 ordinary
dematerialised shares on behalf of any beneficial holder ("odd-lot holdings"),
and recorded as such in the relevant beneficial shareholder records maintained
by a Central Securities Depository Participant ("CSDP") at the close of business
on 14 February 2003 ("odd-lot holders"), are entitled to participate in the odd-
lot offer. The odd-lot offer will be implemented on the basis that the odd-lot
holders may, up to 16:00 on Friday, 14 February 2003, elect either to:
subscribe for sufficient additional ordinary shares at R55,75 per share to
increase their odd-lot holdings to 100 ordinary shares ("the subscription
alternative"); or
sell their odd-lot holdings at R55,75 per share ("the cash alternative"); or
retain their odd-lot holdings.
Odd-lot holders who hold their shares in certificated form who do not duly
complete and return the form of election and surrender contained in the circular
and odd-lot holders who hold their shares in dematerialised form who do not
timeously instruct their CSDP or broker to make an election on their behalf,
should note that their odd-lot holdings will be sold.
Conditions precedent
The implementation of the odd-lot offer is subject to the fulfillment of the
conditions precedent that the ordinary and special resolutions contained in the
notice of general meeting, which was posted on 19 December 2002 together with
the circular, are duly passed, and that the special resolutions are registered
by the Registrar of Companies.
Salient dates and times
The dates and times (using South African time) below apply to the odd-lot offer:
Date: 24/01/2003 05:36:58 PM Produced by the JSE SENS Department
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