| Mon 14 Apr 2008, 12:32 | | NED - Nedbank Group - Results Of The Capitalisatio |
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NED
NED
NED - Nedbank Group - Results Of The Capitalisation Award
Nedbank Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1966/010630/06
Share code JSE: NED & Share code NSX: NBK
ISIN code: ZAE000004875
(`Nedbank Group` or `the company`)
RESULTS OF THE CAPITALISATION AWARD
The announcement of the company`s annual results for the year ended 31
December 2007 was released on the Securities Exchange News Service (`SENS`) on
Wednesday, 27 February 2008, in which notice was given that an award of new
fully paid Nedbank Group ordinary shares (`the new shares`) would be made to
shareholders recorded in the register of the company at the close of business
on Friday, 11 April 2008 (`the record date`).
In terms of the announcement shareholders would be entitled, in respect of all
or part of their shareholding, to elect to participate in the capitalisation
award, failing which they would receive the cash dividend alternative (350
cents per ordinary share) to be paid to those shareholders not electing to
participate in the capitalisation award. The last day to trade to participate
in the capitalisation award or the cash dividend alternative was Friday, 4
April 2008.
The number of the new shares to which shareholders wishing to participate in
the capitalisation award would become entitled was determined in the ratio
that 350 cents per Nedbank Group ordinary share bears to R113,56, being the 30-
day volume-weighted average traded price of Nedbank Group ordinary shares on
JSE Limited at the close of business on Thursday, 27 March 2008.
This equated to 3,08207 new shares for every 100 Nedbank Group ordinary shares
held on the record date. Fractions of shares will not be issued.
Nedbank Group ordinary shareholders holding 131 061 175 Nedbank Group ordinary
shares elected to receive the capitalisation award, resulting in the issue of
4 039 422 new shares. Accordingly, a cash dividend of R1 157 608 823 was paid
in respect of 330 745 378 Nedbank Group ordinary shares.
Dividend cheques and share certificates in respect of the new shares were
posted to certificated shareholders at their risk and the participant or
broker custody accounts of dematerialised shareholders were credited today.
Sandton
14 April 2008
Investment bank, corporate adviser and sponsor
Nedbank Capital
Independent lead sponsor
Merrill Lynch South Africa (Pty) Limited
Sponsoring broker in Namibia
Old Mutual Investment Services (Namibia) (Pty) Limited
Date: 14/04/2008 12:32:02 Produced by the JSE SENS Department.
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