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Fri 11 Jul 2025
Close: 11 620c 
Day's move: 19c (0.16%)
Volume: 167 129
Trades: 701
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Barloworld Ltd. - Barloworld Listing of New Financ
Barloworld Ltd. - Barloworld Listing of New Financial Instrument - BAW44
SENS Announcement Classification:
1. New Listing (Board/ Instrument)
2. Interest Rate Market New Listing
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Barloworld Ltd. - Barloworld - Interest And Capita
The company has advised noteholders of the interest rate of the debt instrument.
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Barloworld - joint announcement
Newco hereby waived the Acceptance Condition with effect from the date on which the other Standby Offer Conditions are fulfilled (or, if applicable, waived). Newco confirmed that this waiver is irrevocable and is subject only to the fulfilment of (or, if applicable, waiver) of the other Standby Offer Conditions.
As at the date of this announcement, Newco has received Valid Acceptances of the Standby Offer in respect of 64 224 014 Barloworld Ordinary Shares which equate to approximately 34.4% of all the Barloworld Ordinary Shares in issue (excluding Treasury Shares). This, together with the Consortium's and the Barloworld Foundation's existing shareholdings, equates to 57.7% of the Barloworld Ordinary Shares in issue (excluding Treasury Shares).
Newco has requested an extension to the Acceptance Date Deadline to ensure that the waiver of the Acceptance Condition will only become effective once the other Standby Offer Conditions have been fulfilled (or, if applicable, waived) in order to give Newco certainty that Barloworld Ordinary Shareholders who have made Valid Acceptances may not withdraw their acceptances. Newco wishes to ensure that the Consortium will hold at least 51% of the Barloworld Ordinary Shares in issue (excluding Treasury Shares) after the Standby Offer is implemented.
Barloworld Ordinary Shareholders were advised that, after careful consideration, and with Barloworld Ordinary Shareholders' best interest in mind, the Independent Board has, in terms of Regulation 103(4)(b), agreed to extend the Acceptance Date Deadline to the date on which the other Standby Offer Conditions are fulfilled (or, if applicable, waived). The Independent Board believes that, in light of Newco's confirmation above, the extension is to the benefit of Barloworld Ordinary Shareholders because it avoids the Standby Offer failing on 30 June 2025 in circumstances where Newco is willing to proceed with the Standby Offer at the current level of Valid Acceptances.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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