| Wed 29 Oct 2008, 12:14 | | REINIA - Nedbank - Adjustment to the Terms and Conditions of the Nedbank |
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JSE REINIA
NEDB
REINIA - Nedbank - Adjustment to the Terms and Conditions of the Nedbank
Reinet Investments SCA Share Instalment
Nedbank Limited
SHARE CODE: REINIA
ISIN CODE: ZAE000128278
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE NEDBANK REINET INVESTMENTS SCA
SHARE INSTALMENT
REINET INVESTMENTS SCA CAPITAL REDUCTION TERMS
For every 100 REI Depositary Receipts held, REI will cancel 86.31126 Depositary
Receipts. REI shareholders will receive 6.113426 BTI shares for 100 REI held
against the cancellation of the 86.31126 REI Depositary Receipts and will retain
the remaining 13.68874 REI Depositary Receipts.
LDT for the above event will be Monday, 27 October 2008, ex date, Tuesday, 28
October 2008 and record date will be Monday, 3 November 2008.
ADJUSTMENT TO THE REINIA SHARE INSTALMENT
For every 100 REINIA share instalments held, the REINIA will be effected in the
following ways:
The Share Instalment Trust will round up the cancellation of 86.31126 to 87
REINIA share instalments. The fraction will be paid as follows:
0.68874 X {( REI two day VWAP for Tuesday, 28 October 2008and Wednesday, 29
October 2008)- R9.50 (Strike price)}.
The share instalment holder will be entitled to 6.113426 BTI shares for every
100 REI instalments. The Share Instalment Trust will make a payment for the
value of the BTI share entitlement. The payment will be calculated as follows:
6.113426 X (BTI two day VWAP for Tuesday, 28 October and Wednesday, 29 October
2008)
The issue size will change from 100,000,000 to 13,000,000 share instalments.
Payment date for this event is Tuesday, 4 November 2008.
6th Floor Corporate Place
135 Rivionia Rd, Sandown
2196
For further information contact:
Nedbank Ltd
011 535 4030
Sponsor
Nedbank Corporate Finance Division
(A division of Nedbank Limited)
Nedbank Group Limited
Incorporated in the Republic of South Africa, Registration number
1951/000009/06.
http://www.nedbank.co.za/website/content/equitycapitalmarket/index.asp
Date: 29/10/2008 12:14:11 Produced by the JSE SENS Department.
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