BWO.L - Barloworld Limited

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  • ACCESSWIRE

    Barloworld Limited Announces B-BB Empowerment Transaction Update

    5 June 2019 and using the terms as defined in the Barloworld circular to shareholders dated 18 December 2018, Barloworld Shareholders are advised that, following fulfilment of the Conditions Precedent to the B-BBEE Transaction on 31 May 2019, the transaction is in the process of being implemented. In accordance with the terms of the Framework Agreement, Barloworld has determined that a sufficient minimum value of Properties (as amended in terms of the SENS announcement released on 9 April 2019: Amendment to the Terms of the B-BBEE Transaction), have been transferred to Khula Sizwe. Accordingly, the Foundation Shares, being 6 578 121 Barloworld Shares, are being allotted and issued on 13 December 2019 to the Foundation and application has been made to the JSE for the listing of the Foundation Shares on or before 20 December 2019.