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 shareinstalment
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE NEDBANK`S STANDARD BANK GROUP
NITRO SHAREINSTALMENT
Nedbank
Share Code: SBKNNA
ISIN Code: ZAE000105334
The SBK Corporate Event
* The SBK nitro share instalment will pay an interest amount on the total
amount of share instalments repurchased to compensate for the loss of
interest on 221 days.
* The rate of interest is calculated as follows:
R 78.75 (Strike price) X 13.68% = R 10.77 (Interest paid upfront)
221/365 = 60.55% (Days remaining in period before maturity)
R 10.77 X 60.55% = R 6.52 (interest payable per SBKNNA)
Interest due = Number of SBKNNA nitro instalments bought back X R 6.52
cents.
* Payment date for the interest is Monday, 17 March 2008.
For more information contact Nedbank Equity Derivatives on (011) 535 4030.
135 Rivonia Road, Sandton
14 March 2008
Sponsor Nedbank Capital
Regards
Yolanda Le Roux
Equity Capital Markets
Date: 14/03/2008 12:22:01 Produced by the JSE SENS Department.
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