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BARCLAYS AFRICA GROUP LIMITED - Dealings in securities

Release Date: 25/04/2018 17:05
Code(s): BGA     PDF:  
Wrap Text
Dealings in securities

BARCLAYS AFRICA GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1986/003934/06)
Share Code: BGA
ISIN: ZAE000174124
(“Barclays Africa”)

DEALINGS BY DIRECTORS OF BARCLAYS AFRICA

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are
informed of dealings by Barclays Africa executive directors and the company secretary, as set
out below.

1.     Grant of Deferred Award

Consistent with our policy on incentive awards to senior employees, each annual incentive
award is deferred as to 60% thereof. Of this deferral amount, 50% is into the Share Value
Plan (SVP) and 50% into the Cash Value Plan (CVP). The individual has a choice to convert
all or part of the CVP into SVP.

The number of shares under the 2018 SVP was fixed with reference to the 20-day volume
weighted average price preceding 8 March 2018. This table sets out the deferred incentives
which were awarded into the SVP, granted to the executive directors and company secretary
off market, and have since been accepted on the dates indicated below.

                                                        Number of     Price of
 Director/Sec                 Acceptance                                          Total Value
                 Grant Date                Award Type     Shares     Shares at
    retary                       Date                                               (ZAR)
                                                         Awarded    Grant (ZAR)

 Maria Ramos     08/03/2018   23/04/2018    SVP 2018     22,822       R 197.17    R 4,499,814


      David
                 08/03/2018   23/04/2018    SVP 2018     22,062       R 197.17    R 4,349,965
     Hodnett


 Jason Quinn     08/03/2018   23/04/2018    SVP 2018     12,172       R 197.17    R 2,399,953


 Peter Matlare   08/03/2018   23/04/2018    SVP 2018     30,430       R 197.17    R 5,999,883


     Nadine
                 08/03/2018   23/04/2018    SVP 2018      2,130       R 197.17    R 419,972
     Drutman


2.     2018 Share Incentive Award (SIA)

Further to the deferral of incentive referred to under 1 above, 50% of an executive director’s
non-deferred annual incentive is delivered as shares (the SIA) around the time the non-
deferred    cash     incentive    award     is    paid.   The    SIA   is   subject    to    a
twelve-month holding period and will be released in March 2019.
The number of shares under the 2018 SIA was fixed with reference to the 20-day volume
weighted average price preceding 8 March 2018, being the grant date.

The share awards in respect of the SIA were granted to the executive directors off market as
set out in the table below and have been accepted on the dates indicated below.

                                                        Number of     Price of
Director/Sec                  Acceptance                                          Total Value
                 Grant date                Award Type     Shares     Shares at
retary                           date                                               (ZAR)
                                                         Awarded    Grant (ZAR)

 Maria Ramos     08/03/2018   23/04/2018    SIA 2018     15,215      R197.17      R 2,999,942

    David
                 08/03/2018   23/04/2018    SIA 2018     14,708      R197.17      R 2,899,976
   Hodnett

 Jason Quinn     08/03/2018   23/04/2018    SIA 2018      8,114      R197.17      R 1,599,837


 Peter Matlare   08/03/2018   23/04/2018    SIA 2018     10,143      R197.17      R 1,999,895



Shareholders should note that the values of the abovementioned SVP and SIA awards were
disclosed as part of the variable remuneration awards in Barclays Africa’s 2017 remuneration
report.

Prior clearance to deal was obtained for the above dealings.


Johannesburg
25 April 2018

Enquiries:
Nadine Drutman – Group Company Secretary
(+2711) 350-5347
E-mail: Nadine.Drutman@barclaysafrica.com

Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor:
Absa Bank Limited - Corporate and Investment Bank

Date: 25/04/2018 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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