TKGNIF - Nedbank - Adjustment To The Terms And Conditions Of Nedbank TKG Share
JSE TKGNIF
NEDB
TKGNIF - Nedbank - Adjustment To The Terms And Conditions Of Nedbank TKG Share
Instalment
Nedbank Limited
Share Code: TKGNIF
ISIN Code: ZAE000133872
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 TKGNIF Share Instalment Will Be Affected In The Following Way:
- For every 100 TKGNIF 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
5305 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 5305 (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 5305 (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 15:48:01 Produced by the JSE SENS Department.
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