SBKNNA - Nedbank - Adjustment to the terms and con
JSE SBKNNA
NEDB
SBKNNA - Nedbank - Adjustment to the terms and conditions of the Nedbank`s
Standard Bank Group Nitro share instalment
Nedbank Limited
Share Code: SBKNNA
ISIN Code: ZAE000105334
With reference to the SENS announcement released on Thursday, 21 February 2008,
the Trustees of the share instalment trust will make the below payments to the
SBK nitro share instalment holders.
The second cash payment made on the fraction will be calculated as below:
On 100 SBKNNA`s, the entitlement of 88.89 will be rounded down to 88 nitro share
instalments and the fraction i.e. 0.89 will be paid out as follows:
Per 100 SBKNNAs = 0.89 * (R 94.50 - R 78.75 (SBKNNA strike))
= 0.89 x R 15.75
= R 14.01
For more information contact Nedbank Equity Derivatives on (011) 535 4030.
135 Rivonia Road, Sandton
29 February 2008
Sponsor Nedbank Capital
Date: 29/02/2008 16:02:01 Produced by the JSE SENS Department.
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