AEGNIB - Nedbank - Adjustment To The Terms And Conditions Of The Nedbank Aveng
JSE AEGNIB
NEDB
AEGNIB - Nedbank - Adjustment To The Terms And Conditions Of The Nedbank Aveng
Ltd Share Instalment
Nedbank
Share Code: AEGNIB
ISIN Code : ZAE000108015
The AEG Corporate Event
With reference to the recent announcement, Aveng will acquire 14 shares for
every 100 shares held and a cash consideration of ZAR 61.58 per share acquired.
Details Of The Event:
* Last day to trade in order to be eligible for the corporate event is
15/02/2008. The first dealing date in the new securities will be the
18/02/2008.
The Issuer will amend the Share Instalment Terms and Conditions in the following
way:
* As a result of the ISIN of AVENG LTD changing, the ISIN of AEGNIB will
change.
* A cash adjustment will be made, for every 100 AEGNIB share instalments
held. Nedbank will acquire 14 share instalments and pay holders a cash
consideration of ZAR 61.58 cents per share instalment acquired minus the
strike price of ZAR 30.25. The cash payment will thus be R31.33.
* Therefore a holder with 100 AEGNIB will be affected in the following way:
Their holding will be reduced to 86 share instalments, and will be paid an
amount of ZAR 438.62. (14 x 31.33)
For more information contact Nedbank Equity Derivatives on (011) 535 4030.
135 Rivonia Road, Sandton
5 February 2008
Sponsor Nedbank Capital
Date: 05/02/2008 14:30:01 Produced by the JSE SENS Department.
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