| Mon 14 Sep 2009, 11:00 | | NED - Nedbank Group Limited - Results of the Capitalisation Award |
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NED
NED
NED - Nedbank Group Limited - 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 interim results for the six
months ended 30 June 2009 was released on the Securities Exchange
News Service (`SENS`) on Wednesday, 5 August 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 Friday,
11 September 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 (210 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 September 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 210 cents per Nedbank Group ordinary
share bears to R108,69, being the 30-day volume-weighted average
traded price of Nedbank Group ordinary shares on JSE Limited at
the close of business on Wednesday, 26 August 2009.
This equated to 1.93210 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 88 129 804 Nedbank
Group ordinary shares elected to receive the capitalisation award,
resulting in the issue of 1 702 758 new shares. Accordingly, a
cash dividend of R855 359 820 was paid in respect of 407 314 200
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 September 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: 14/09/2009 11:00:01 Produced by the JSE SENS Department.
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