| Thu 30 Jan 2003, 16:17 | | Barloworld - Results of General Meeting and Finali |
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Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration no. 1918/000095/06)
JSE code: BAW
ISIN code: ZAE000026639
("Barloworld")
Results of General Meeting and Finalisation of the Odd Lot Offer
Results of the general meeting
Ordinary shareholders are advised that at the general meeting held on Thursday,
30 January 2003, the ordinary and special resolutions required to give effect
to:
the adoption by the company of a new memorandum of association;
the adoption by the company of new articles of association;
the amendment of the rules of the Barloworld Share Option Scheme;
the amendment of the rules of the Barloworld Share Purchase Scheme; and
the odd lot offer,
which was detailed in the circular to shareholders dated Thursday, 19 December
2002, were duly passed by the requisite majority of holders of Barloworld
ordinary shares. The special resolutions will be lodged with the Registrar of
Companies for registration.
Record date
The election period for the odd lot offer opened on Friday, 20 December 2002 and
will close at 16:00 on Friday, 14 February 2003. 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.
Last day to trade
Shareholders are reminded that the last day to trade in order to participate in
the odd lot offer will be Friday, 7 February 2003. Any odd lot holder who sells
a portion of his or her shares or acquires additional shares and whose
shareholding remains below 100 shares, after Friday, 7 February 2003, will still
be treated as an odd lot holder for purposes of the odd lot offer. If an odd lot
holder acquires additional shares on or before Friday, 7 February 2003, and the
odd lot holder`s shareholding then exceeds 100 ordinary shares, then such lot
shareholder will become ineligible to participate in the odd lot offer.
Surrender of existing documents of title by odd lot holders of certificated
ordinary shares
All odd lot holders, other than those who elect to retain their odd lot
holdings, who hold certificated ordinary shares and who have not already done
so, are required to surrender their documents of title in respect of all their
ordinary shares as soon as possible to the South African transfer secretaries,
Computershare Investor Services Limited, 70 Marshall Street, Johannesburg, 2001
(PO Box 7184, Johannesburg, 2000) or the United Kingdom transfer secretaries,
Lloyds TSB Registrars, The Causeway, Worthing, West Sussex, BN99 6DA.
Odd-lot holders, who have elected to subscribe for sufficient additional
ordinary shares at the offer price so as to increase their holding to 100
ordinary shares, will have new share certificates posted to them by registered
post, at the risk of such odd-lot holders, on Monday 17 February 2003 (Monday,
24 February 2003 for UK shareholders), provided that they have paid the relevant
subscription price and, in the case of holders of certificated ordinary shares,
their documents of title have been received by the transfer secretaries by 16:00
on Friday, 14 February 2003, failing which new shares certificated will be
posted within five business days after the receipt of such documents of title.
Odd lot holders who hold dematerialised ordinary shares
Odd lot holders who have dematerialised their odd lot holdings do not hold share
certificates and consequently there is no surrender procedure applicable to
them.
Holders of dematerialised ordinary shares will have their safe custody accounts
updated and/or credited or debited on Monday, 17 February 2003.
Proceeds from the sale of odd lot holdings
For certificated shareholders on the South African and Namibian registers,
cheques or electronic transfers in respect of the sale of odd-lot holdings will
be posted, by post at the risk of such shareholders, or effected on Monday, 17
February 2003 (or, in the case of shareholders who have not dematerialised their
shares, within 5 business days of the receipt of their documents of title by the
transfer secretaries, whichever is the later). Holders of dematerialised
ordinary shares will have their safe custody accounts updated and/or credited or
debited on Monday, 17 February 2003.
For shareholders on the United Kingdom register, cheques in respect of the sale
of odd-lot holdings will be posted, by first class mail at the risk of such odd-
lot holders on 24 February 2003 (or within 5 business days of the receipt of
their documents of title by the transfer secretaries, whichever is the later).
General
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.
A further announcement, detailing the result of the odd lot offer, will be
published over SENS and in the South African press on Monday, 17 February 2003.
Sandton
30 January 2003
Sponsor
CAZENOVE
Legal adviser:
Bowman Gilfillan Inc.
Date: 30/01/2003 02:58:16 PM Produced by the JSE SENS Department
