Wrap Text
Joint announcement – extension of the standby offer closing date
BARLOWORLD LIMITED K2024528179 (SOUTH AFRICA) PROPRIETARY LIMITED
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06) (Registration number: 2024/528179/07)
(JSE share code: BAW) ("Newco" or the "Offeror")
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(A2X code: BAW)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld" or the "Company")
JOINT ANNOUNCEMENT – EXTENSION OF THE STANDBY OFFER CLOSING DATE
Unless otherwise defined in this announcement, capitalised words and expressions have the meanings given to them in the
Circular to Barloworld shareholders dated 29 January 2025 and the joint announcement released by Barloworld and Newco on
SENS and ANS on Friday, 28 February 2025, advising Barloworld Ordinary Shareholders that the Standby Offer had been
triggered and had become open for acceptance by Barloworld Ordinary Shareholders.
1. INTRODUCTION
Barloworld Ordinary Shareholders are referred to the joint announcement released by Barloworld and Newco on SENS
and ANS on Monday, 6 October 2025, which, among other things, advised Barloworld Ordinary Shareholders of the
process and timetable applicable to the settlement of the Standby Offer.
2. EXTENSION OF THE STANDBY OFFER CLOSING DATE
Barloworld Ordinary Shareholders are advised that Barloworld and Newco have, in accordance with the Circular, agreed
to extend the Standby Offer Closing Date from Wednesday, 15 October 2025 to Friday, 7 November 2025 in order to
provide Barloworld Ordinary Shareholders additional time to accept the Standby Offer.
Accordingly, Barloworld Ordinary Shareholders who wish to accept the Standby Offer have until 12h00 on
Friday, 7 November 2025 ("Closing Date") to accept the Standby Offer. The Standby Offer will close on the Closing Date
and any Barloworld Ordinary Shareholders who have not accepted the Standby Offer by 12h00 on the Closing Date will
no longer be able to accept the Standby Offer and will not be entitled to receive the Per Share Standby Offer
Consideration.
Where Barloworld Ordinary Shareholders, their CSDPs or brokers have any questions in relation to the Standby Offer,
they should refer to the detailed Frequently Asked Questions on the Issuer's website at
https://barloworld.com/investors/standby-offer-faq/ or refer queries to Barloworld's investor relation team at
bawir@barloworld.com.
3. REVISED DATES AND TIMES
Provided that Newco receives a compliance certificate in respect of the Standby Offer from the TRP by
Tuesday, 7 October 2025, settlement of the Standby Offer will occur in accordance with the revised timetable below:
First payment date (payment of the Per Share Standby Wednesday, 8 October 2025
Offer Consideration to Barloworld Ordinary Shareholders
who have accepted the Standby Offer by Friday, 3
October 2025):
Second payment date (Payment of the Per Share Standby Wednesday, 15 October 2025
Offer Consideration to Barloworld Ordinary Shareholders
who have accepted the Standby Offer by Friday, 10
October 2025):
Third payment date (Payment of the Per Share Standby Wednesday, 22 October 2025
Offer Consideration to Barloworld Ordinary Shareholders
who have accepted the Standby Offer by Friday, 17
October 2025):
Fourth payment date (Payment of the Per Share Standby Wednesday, 29 October 2025
Offer Consideration to Barloworld Ordinary Shareholders
who have accepted the Standby Offer by Friday, 24
October 2025):
Last day to trade in Barloworld Ordinary Shares in order Tuesday, 4 November 2025
to be able to accept the Standby Offer:
Barloworld Ordinary Shares trade ex-entitlement to Wednesday, 5 November 2025
accept the Standby Offer
Fifth payment date (Payment of the Per Share Standby Wednesday, 5 November 2025
Offer Consideration to Barloworld Ordinary Shareholders
who have accepted the Standby Offer by Friday, 31
October 2025):
Record date and the Standby Offer closes at 12:00 on Friday, 7 November 2025
(Closing Date)
Results of the Standby Offer announced on SENS and the Monday, 10 November 2025
ANS:
Sixth payment date (payment of the Per Share Standby Monday, 10 November 2025
Offer Consideration to Barloworld Ordinary Shareholders
who have accepted the Standby Offer by 12:00 on the
Closing Date):
Notes:
1 The Standby Offer Consideration due to dematerialised shareholders who have validly accepted the Standby Offer on the Closing Date
will be credited to their accounts with their Intermediaries within a period of six business days after the Closing Date.
2 The Standby Offer Consideration due to certificated shareholders who have validly accepted the Standby Offer on the Closing Date
(including by completing the relevant section of the Form of Acceptance and Transfer (pink)) will be settled by way of electronic funds
transfer, within a period of six business days after the Closing Date.
4. RESPONSIBILITY STATEMENTS
The Independent Board
The Independent Board (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.
Newco
The board of directors of Newco (to the extent that the information relates to Newco), 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
7 October 2025
Exclusive financial adviser, corporate broker and transaction sponsor to Barloworld
Rand Merchant Bank (A division of FirstRand Bank Limited)
Legal adviser to Barloworld
DLA Piper
Communications adviser to Barloworld
ByDesign Communications
Joint financial advisers to the Offeror
Deutsche Bank
The Standard Bank of South Africa Limited
Tamela Holdings Proprietary Limited
Legal adviser to the Offeror
Bowmans
South African legal adviser on competition law and legal due diligence to the Offeror
Webber Wentzel
International legal adviser on competition law and legal due diligence to the Offeror
Ashurst
Communications adviser to the Offeror
FTI Consulting
Date: 07-10-2025 07:05:00
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