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BARLOWORLD LIMITED - Update on posting of circular

Release Date: 14/01/2025 16:25
Code(s): BAW BAWP BAW37 BAW38 BAWGL2 BAWGL1 BAW41 BAW42 BAW40 BAW39     PDF:  
Wrap Text
Update on posting of circular

BARLOWORLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(JSE share code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(A2X code: BAW)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld" or the "Company")

UPDATE ON POSTING OF CIRCULAR

Barloworld ordinary shareholders ("Shareholders") are referred to the firm intention announcement
published on SENS on Wednesday, 11 December 2024 ("FIA").

Unless otherwise defined in this announcement, words and expressions contained herein shall have the
same meanings as assigned to them in the FIA.

As advised in the FIA, Barloworld and Newco intend jointly issuing a Circular to Shareholders, containing
the full terms and conditions of the Scheme and the Standby Offer and including the notice to convene the
Barloworld General Meeting to consider and, if appropriate, approve the Scheme Resolution. The Circular
is required to be distributed to Shareholders within 20 business days from the date of the FIA, as specified
in the Takeover Regulations (or such longer period as may be allowed by the TRP).

Owing to the holiday period in South Africa in December, the finalisation and approval process of the
Circular has been delayed and the parties will not be in a position to distribute the Circular to Shareholders
within 20 business days from the date of the FIA.

Shareholders are advised that the Takeover Regulation Panel has granted an extension permitting the
Circular to be distributed to Shareholders by no later than 11 March 2025.

Responsibility statement

The Independent Board of Barloworld (to the extent that the information relates to Barloworld), individually
and collectively, accepts responsibility for the information contained in this announcement and certifies, to
the best of its knowledge and belief, that the information contained in this announcement is true and that
this announcement does not omit anything that is likely to affect the importance of the information included.

Johannesburg
14 January 2025

Transaction sponsor to Barloworld
Rand Merchant Bank (A division of FirstRand Bank Limited)




                                                                                                      

Date: 14-01-2025 04:25:00
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