Press releases
Extension of the Standby Offer Closing Date for Barloworld transaction
Barloworld and Newco announce that they have 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.
Updates to the Standby Offer Process
Provided that the Consortium receives the compliance certificate from the Takeover Regulation Panel (TRP) in respect of the Standby Offer by no later than Tuesday, 7 October 2025, the settlement of the Standby Offer will occur based on the timetable below.
- Barloworld Ordinary Shareholders who still wish to accept the Standby Offer and have not done so, have until Friday 7 November 2025 ("the Closing Date"), to accept the Standby Offer.
- The Standby Offer will close at 12h00 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 or refer queries to Barloworld's investor relation team at bawir@barloworld.com.
Barloworld Ordinary Shareholders are reminded that, in accordance with Regulation 105 (2) of South Africa's Takeover Regulations, acceptances, once tendered, are irrevocable and cannot be withdrawn.
Updated Process and TimelinesShareholders are encouraged to refer to the Barloworld website for detailed information related to the Standby Offer process, timeline and payments. https://barloworld.com/investors/standby-offer/
The Standby Offer will be implemented in accordance with the timetable below:
First payment date (payment of the Per Share Standby Offer Consideration to Barloworld Ordinary Shareholders who have accepted the Standby Offer by Friday, 3 October 2025): | Wednesday, 8 |
Second payment date (Payment of the Per Share Standby Offer Consideration to Barloworld Ordinary Shareholders who have accepted the Standby Offer by Friday, 10 October 2025): | Wednesday, 15 |
Third payment date (Payment of the Per Share Standby Offer Consideration to Barloworld Ordinary Shareholders who have accepted the Standby Offer by Friday, 17 October 2025): | Wednesday, 22 |
Fourth payment date (Payment of the Per Share Standby Offer Consideration to Barloworld Ordinary Shareholders who have accepted the Standby Offer by Friday, 24 October 2025): | Wednesday, 29 |
Last day to trade in Barloworld Ordinary Shares in order to be able to accept the Standby Offer: | Tuesday, 4 November |
Barloworld Ordinary Shares trade ex-entitlement to accept the Standby Offer | Wednesday, 5 |
Fifth payment date (Payment of the Per Share Standby Offer Consideration to Barloworld Ordinary Shareholders who have accepted the Standby Offer by Friday, 31 October 2025): | Wednesday, 5 |
Record date and the Standby Offer closes at 12:00 on (Closing Date) | Friday, 7 November |
Results of the Standby Offer announced on SENS and the ANS: | Monday, 10 |
Sixth payment date (payment of the Per Share Standby Offer Consideration to Barloworld Ordinary Shareholders who have accepted the Standby Offer by 12:00 on the Closing Date): | Monday, 10 |
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.
The full SENS announcement is available on the Barloworld website
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