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BAW BAWP
BAW
BAW - Barloworld - 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 on 17 March
2010, 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: 295 700 Barloworld ordinary shares, of which
221 750 Barloworld shares are subject to
performance targets;
Consideration: Nil
Average price at which shares
were awarded: R46.29
Vesting period: three years from the award date in respect of
the portion not subject to performance
targets and, once the performance targets
have been tested, at the end of the relevant
performance periods (which shall not be less
than three years from the award date) in
respect of the portion subject to performance
targets.
Value: R13 687 953.00
Notification of award: 19 March 2010
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: 99 650 Barloworld ordinary shares, of which
74 750 Barloworld shares are subject to
performance targets;
Consideration: Nil
Average price at which shares
were awarded: R46.29
Vesting period: three years from the award date in respect of
the portion not subject to performance
targets and, once the performance targets
have been tested, at the end of the relevant
performance periods (which shall not be less
than three years from the award date) in
respect of the portion subject to performance
targets.
Value: R4 612 798.50
Notification of award: 19 March 2010
Nature of transaction: Direct beneficial interest
Name of executive director: John Blackbeard
Designation: Executive Director
Number of forfeitable shares
awarded: 99 650 Barloworld ordinary shares, of which
74 750 Barloworld shares are subject to
performance targets;
Consideration: Nil
Average price at which shares
were awarded: R46.29
Vesting period: Three years from award date in respect of the
portion not subject to performance targets
and, once the performance targets have been
tested, at the end of the relevant
performance periods (which shall not be less
than three years from the award date) in
respect of the portion subject to performance
targets.
Value: R4 612 798.50
Notification of award: 19 March 2010
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: 99 650 Barloworld ordinary shares, of which
74 750 Barloworld shares are subject to
performance targets;
Consideration: Nil
Average price at which shares
were awarded: R46.29
Vesting period: Three years from award date in respect of the
portion not subject to performance targets
and, once the performance targets have been
tested, at the end of the relevant
performance periods (which shall not be less
than three years from the award date) in
respect of the portion subject to performance
targets.
Value: R4 612 798.50
Notification of award: 19 March 2010
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: 132 900 Barloworld ordinary shares, of which
99 650 Barloworld shares are subject to
performance targets;
Consideration: Nil
Average price at which shares
were awarded: R46.29
Vesting period: Three years from award date in respect of the
portion not subject to performance targets
and, once the performance targets have been
tested, at the end of the relevant
performance periods (which shall not be less
than three years from the award date) in
respect of the portion subject to performance
targets.
Value: R6 151 941.00
Notification of award: 19 March 2010
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: 83 050 Barloworld ordinary shares, of which
62 300 Barloworld shares are subject to
performance targets;
Consideration: Nil
Average price at which shares
were awarded: R46.29
Vesting period: Three years from award date in respect of the
portion not subject to performance targets
and, once the performance targets have been
tested, at the end of the relevant
performance periods (which shall not be less
than three years from the award date) in
respect of the portion subject to performance
targets.
Value: R3 844 384.50
Notification of award: 19 March 2010
Nature of transaction: Direct beneficial interest
75% of the shares issued to executive directors of Barloworld Limited are
subject to performance targets. The performance
targets include performance targets for total shareholder return (TSR), growth
in headline earnings per share (HEPS) and improvement in return on shareholders
equity (ROE).
Executive Directors of Barloworld South Africa (Pty) Limited:
Name of director of major
subsidiary: Sibani Mngomezulu
Designation: Director of major subsidiary and Company
secretary of Barloworld Limited
Name of company: Barloworld South Africa (Pty) Limited
Number of forfeitable shares
awarded: 11 650 Barloworld ordinary shares
Consideration: Nil
Average price at which shares
were awarded: R46.29
Vesting period: Three years from award date
Value: R539 278.50
Notification of award: 19 March 2010
Nature of transaction: Direct beneficial interest
Name of director of major
subsidiary: Khanyisile Kweyama
Major subsidiary: Barloworld South Africa (Pty) Limited
Designation: Director
Number of forfeitable shares
awarded: 11 650 Barloworld ordinary shares
Consideration: Nil
Average price at which shares
were awarded: R46.29
Vesting period: Three years from award date
Value: R539 278.50
Notification of award: 19 March 2010
Nature of transaction: Direct beneficial interest
Name of director of major
subsidiary: Gail Lemmert
Major subsidiary: Barloworld South Africa (Pty) Limited
Designation: Director
Number of forfeitable shares
awarded: 7 000 Barloworld ordinary
shares
Consideration: Nil
Average price at which shares
were awarded: R46.29
Vesting period: Three years from award date
Value: R324 030.00
Notification of award: 19 March 2010
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: 17 450 Barloworld ordinary
shares
Consideration: Nil
Average price at which shares
were awarded: R46.29
Vesting period: Three years from award date
Value: R807 760.50
Notification of award: 19 March 2010
Nature of transaction: Direct beneficial interest
The necessary approval 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 will be a key retention tool and 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
19 March 2010
Sponsor:
J.P. Morgan Equities Limited
Date: 19/03/2010 12:42:14 Produced by the JSE SENS Department.
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