NEDB - Nedbank - Adjustment To The Terms & Conditi
JSE BAWNICPPC
NEDB
NEDB - Nedbank - Adjustment To The Terms & Conditions Of the Nedbank BAWNIC
Instalment
Nedbank Limited
Please note that as a result of the BAW, PPC share unbundling, the trustees of
the Share Instalment Trust will ensure the financial position of the instalment
holders is unprejudiced by this event by making the below adjustments:
For every 1 BAW share instalment held, the Share Instalment Trust will sell
0,18555 PPC`s (ZAE000005559) at the closing price on Friday, 06 July 2007. The
cash payment amount will be made on payment date Monday, 16 July 2007.
The BAW share instalment strike price will be adjusted down by the value of the
0.18555 PPC`s sold at the close on Friday, 6 July 2007. BAWNIC strike price will
be adjusted as follows:
BAWNIC (Old strike price) - (0.18555 PPC`s X closing price) = New Strike
(BAWNIC)
Issue Old Strike New Expiry Date ISIN Code Old New Ratio
Code Price Strike Ratio
Price
BAWNIC 69.00 TBA 09/10/2007 ZAE000085593 1:1 1:1
Last day to trade in order to be eligible for the unbundling is Friday, 6 July
2007. The first dealing date in the new securities will be Monday, 9 July 2007.
The Instalment is exercisable only in accordance with the terms & conditions as
set out in the relevant offering circular.
The JSE Limited ("the JSE") Issuer Services Division has approved the adjustment
of the above-mentioned instalments.
For more information contact Nedbank Equity Derivatives on (011) 535 4030.
135 Rivonia Road, Sandton
6 July 2007
Sponsor Nedbank Capital
Date: 06/07/2007 11:26:14 Produced by the JSE SENS Department.
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