BAW BAWP 201608150016A
Dealings in securities
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)
(Namibian Stock Exchange share code: BWL)
("Barloworldö or ôthe Company")
DEALINGS IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY OF BARLOWORLD
LIMITED
In terms of the Barloworld Share Appreciation Rights Scheme (SARs)
certain share appreciation rights were granted to senior management of
the Barloworld Group on 28 February 2011. The SARs are settled in
Barloworld Limited ordinary shares. The SARs vest over a period of five
years based on achievement of a prescribed performance condition. The
2011 grant met the performance condition and vested on 27 February 2014.
Consequently a third of the grant may be exercised by the executive
directors of Barloworld Limited and directors of the major subsidiary,
Barloworld South Africa (Pty) Limited.
In compliance with rule 3.63 to 3.74 of the Listing Requirements, the
following information is disclosed:
Director: Sameshan Moodley (Director of Barloworld
South Africa (Pty) Ltd û Major subsidiary of
Barloworld Limited)
Company: Barloworld Limited
Date of transaction: 12 August 2016
Class of security: Ordinary shares
Nature of transaction: On market purchase of shares to settle the
rights that have vested under the Share
Appreciation Right Scheme (SARs).
Number of shares : 403
Date of grant: 28 February 2011
Price per share R85.2834
Total value: R34 369.21
Vesting period: Three years after date of grant at a tranche
of one third per annum from the third year
Nature of interest: Direct/Beneficial
Market intermediary: N/A
Confirmation of clearance: Clearance to deal was granted by a director
of Barloworld Limited
Sandton
15 August 2016
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Date: 15/08/2016 11:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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Barloworld Ltd. published this content on 15 August 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 August 2016 12:50:01 UTC.
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Barloworld Limited specializes in the distribution of industrial and handling equipment. Net sales break down by activity as follows:
- industrial and handling equipment distribution (83.9%): diggers (Caterpillar brand), diesel engines (MAK and Perkins), ground maintenance (Atlas Copco), lorries (Freightliner), fork lifts and wheel loader (Hyster), etc.;
- sale of glucose and starch (13.6%);
- other (2.5%).
Net sales are distributed geographically as follows: South Africa (81.3%), Russia (11.9%), Mongolia (6.4%) and Australia (0.4%).