| Mon 7 Apr 2008, 15:06 | | NED - Nedbank Group - Dealings in Securities by Ex |
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NED
NED
NED - Nedbank Group - Dealings in Securities by Executive Directors
and Company Secretary
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
("Nedbank Group" or "the company")
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS, COMPANY SECRETARY AND ASSOCIATE
OF THE COMPANY SECRETARY
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE, the
following information is disclosed in respect of dealings by the executive
directors, the company secretary and an associate of the company secretary of
Nedbank Group and Nedbank Limited.
The following Nedbank Group ordinary shares were purchased by an executive
director of the company on 4 April 2008 and committed to the 2008 Matched Share
Scheme on that date:
Number
of shares Price per Total
Name acquired share value
TA Boardman
(Executive director) 8 740 R117,83 R1 029 821,09
In addition, the following Nedbank Group ordinary shares (previously acquired by
the individuals listed below) have been committed by the undermentioned
individuals to the 2008 Matched Share Scheme on 4 April 2008:
Name Number of shares committed Value @ R117,83
TA Boardman 11 260 R1 326 748,91
(Executive director)
MWT Brown 13 155 R1 550 033,92
(Executive director)
GS Nienaber 1 114 R131 260,95
(Company secretary)
R Nienaber 1 104 R130 082,66
(Associate of the company secretary)
The shares acquired and/or committed are in terms of the rules as set out in the
Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme.
The Matched Share Scheme allows for voluntary participation in that up to 50% of
an employee`s after-tax bonus may be used to acquire shares in the company. The
employee can also commit shares already owned by them up to an equivalent value
of 50% of the employee`s after tax bonus. The employee may dispose of these
shares at any time prior to the vesting date, which will cancel their
participation in the Scheme in respect of these shares. On the vesting date (the
day following three years after the inception date) 50% of the shares still held
in trust in respect of the participant`s portfolio as per the Scheme rules will
be matched on a one for one basis if the person is in the employ of the company
and a further 50% of the shares held on vesting date will be matched on a one
for one basis if a predetermined company performance target for the period 2008
to 2010 is met.
The required prior written clearance for the purchase and/or commitment of these
shares and participation in the Matched Share Scheme has been obtained.
Sandton
7 April 2008
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 07/04/2008 15:06:32 Produced by the JSE SENS Department.
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