Edition:
India

Barloworld Ltd Updates On B-BBEE Transaction


Friday, 13 Dec 2019 

Dec 13 (Reuters) - Barloworld Ltd ::JSE: BAW - BAWP - BARLOWORLD BBBEE TRANSACTION UPDATE.BARLOWORLD LTD - FOLLOWING FULFILMENT OF CONDITIONS PRECEDENT TO B-BBEE TRANSACTION ON 31 MAY 2019, TRANSACTION IS IN PROCESS OF BEING IMPLEMENTED.BARLOWORLD - UNDER FRAMEWORK DEAL TERMS, CO DETERMINED THAT SUFFICIENT MINIMUM VALUE OF PROPERTIES HAVE BEEN TRANSFERRED TO KHULA SIZWE.BARLOWORLD LTD - FOUNDATION SHARES, BEING 6.6 MILLION CO SHARES BEING ALLOTTED, ISSUED ON 13 DEC TO FOUNDATION AND APPLICATION HAS BEEN MADE TO JSE.