| Tue 14 Apr 2009, 16:00 | | NED - Nedbank Group - Results Of The Capitalisation Award |
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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
2008 was released on the Securities Exchange News Service ("SENS") on Thursday,
26 February 2009, 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 Thursday, 9
April 2009 ("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 (310 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 Thursday, 2 April
2009.
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 310
cents per Nedbank Group ordinary share bears to R75.84, being the 30-day volume-
weighted average traded price of Nedbank Group ordinary shares on JSE Limited at
the close of business on Wednesday, 25 March 2009.
This equated to 4.08755 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 152 303 421 Nedbank Group ordinary
shares elected to receive the capitalisation award, resulting in the issue of 6
225 477 new shares. Accordingly, a cash dividend of R995 679 746.50 was paid in
respect of 321 187 015 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 2009
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: 14/04/2009 16:00:35 Produced by the JSE SENS Department.
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