TKGNNC - Nedbank Limited - Adjustment to the terms and conditions of Nedbank
JSE TKGNNC
NEDB
TKGNNC - Nedbank Limited - Adjustment to the terms and conditions of Nedbank
TKGNNC share
Nedbank Limited
ADJUSTMENT TO THE TERMS AND CONDITIONS OF NEDBANK TKGNNC SHARE
INSTALMENT
Share Code: TKGNNC
ISIN Code: ZAE000127288
The TKG Unbundling
With reference to the TKG unbundling announced by Telkom SA Limited, the
shareholders will receive 1 Vodacom Group Limited share for every 1 Telkom SA
Limited held share held.
Details Of The Event:
* Last day to trade in order to be eligible for the unbundling is Friday, 15
May 2009.
* The first dealing date in both Telkom SA LTD and Vodacom Group Limited will
be Monday, 18 May 2009.
Holders Of The TKGNNC Share Instalment Will Be Affected In The Following Way:
* For every 100 TKGNNC share instalments held, holders will receive 100
Vodacom Group Limited share instalments.
* The strikes prices will be calculated using the current strike price of the
8063 cents and the closing VWAP prices for Telkom SA Limited and Vodacom
Group Limited on ex date 18 May 2009.
* The Telkom strike price will be determined as follows:
(Telkom VWAP - 1900 cents(special div))/(Vodacom VWAP closing + Telkom
VWAP closing - 1900 cps(special dividend)) X 8063 (Old strike price)
* The Vodacom strike price will be determined as follows:
Vodacom VWAP closing price /(Vodacom VWAP closing + Telkom VWAP closing -
1900 cps(special dividend)) X 8063 (Old strike price)
* The first dealing date for the new instalments will be Tuesday, 19 May
2009.
* Payment date for this entitlement will be Monday, 25 May 2009.
For more information contact Nedbank Equity Derivatives on (011) 535 4030.
135 Rivonia Road, Sandton
8 May 2009
Sponsor Nedbank Capital
Date: 08/05/2009 15:42:02 Produced by the JSE SENS Department.
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