AEGNIB - Nedbank - Adjustment To The Terms And Conditions Of The Nedbank
JSE AEGNIB
NEDB
AEGNIB - Nedbank - Adjustment To The Terms And Conditions Of The Nedbank
Aveng Ltd Share Instalment
Nedbank Limited
Share Code: AEGNIB
ISIN Code: ZAE000108015
The AEG Corporate Event
With reference to the SENS announcement issued by Aveng Limited on Tuesday, 19
February 2008, Aveng will acquire 12.3 shares for every 100 shares held for a
cash consideration of R61.58.
Details Of The Event:
Last day to trade in order to be eligible for the corporate event is Friday, 15
February 2008. The first dealing date in the new securities will be the Monday,
18 February 2008.
The Issuer will amend the Share Instalment Terms and Conditions in the following
way:
A cash payment will be made to AEGNIB holders based on the below cash payments.
Therefore a holder with 100 AEGNIB will be affected in the following way:
The first cash payment on the 12.3% will be calculated as follows:
R 31.33 (R61.58-R30.25(Strike price of AEGNIB))* number of share instalments
held*12.3%.
The second cash payment will be made on the fraction. On 100 AEGNIB`s , the
entitlement of 87.7 will be rounded down to 87 share instalments and the
fraction i.e. 0.7 will be paid out with the calculation as follows:
Second cash payment = 0.7 * ( R26.50 ( {R56.75} Fridays close on 15 February
2008- {30.25} AEGNIB strike.))
The issue size will be amended from 100 000 000 to 87 000 000.
The AEGNIB conversion ratio will thus remain at a ratio of 1 to 1.
For more information contact Nedbank Equity Derivatives on (011) 535 4030.
135 Rivonia Road, Sandton
21 February 2008
Sponsor Nedbank Capital
Date: 21/02/2008 16:14:01 Produced by the JSE SENS Department.
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