Attention Khula Sizwe Beneficiaries! The Khula Sizwe Employee and Management Trusts which hold 32% and 38% respectively in Khula Sizwe shares for eligible employees; hold shares on behalf of Barloworld employees who were employed by Barloworld as at 30 September 2019 (“the Eligible Employees”). Share distribution, initially set for October 2024, has been postponed due to unfavourable market conditions. The Board is exploring alternative trading solutions to ensure maximum shareholder value. A further update in this regard will be provided as soon as progress has been made in the Khula Sizwe board’s deliberations. In the meantime, please do not hesitate to contact the scheme administration team should you have any questions or if you require further clarification regarding the above.
Nsuku Baloyi
1mo
Thought dividends would be paid out after 30 September, this scheme needs to be open and honest with us for once.
Peterson Sekoma
1mo
14 October people can sell their shares if they want to
But what was the agreement?
SHEQ Manager at Manline Energy Fuel and Gas
1moAccording to the coms, shares are not listed as yet based on the decision by the board due to market unfavorable conditions.