| Thu 4 Mar 2010, 16:52 | | IBLP / NBKP - Imperial Bank / Nedbank Limited - Invocation Of Section 440k(1) |
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JSE NBKP IBLP
IBLP NBKP
IBLP / NBKP - Imperial Bank / Nedbank Limited - Invocation Of Section 440k(1)
(`Section 440k`) Of The Companies Act, No. 61 Of 1973 By Nedbank Limited
(`Nedbank`)
Imperial Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number 1995/012641/06)
Share code: IBLP
ISIN: ZAE000081675
(`Imperial Bank`)
Nedbank Limited
(Incorporated in the Republic of South Africa)
(Registration number 1951/000009/06)
Share code: NBKP
ISIN: ZAE000043667
(`Nedbank`)
INVOCATION OF SECTION 440K(1) (`SECTION 440K`) OF THE COMPANIES ACT, NO. 61 OF
1973 BY NEDBANK LIMITED (`NEDBANK`)
Holders of the non-redeemable, non-participating, non-cumulative preference
shares in Imperial Bank (`remaining Imperial Bank preference shares`) are
referred to the announcement released by Nedbank and Imperial Bank on the
Securities Exchange News Service (`SENS`) on 20 January 2010 (`the section 440K
announcement`).
The remaining Imperial Bank preference shareholders are hereby notified that up
to and including Wednesday, 3 March 2010, Nedbank had not received any
correspondence regarding any objections posted to the High Court of South Africa
in terms of the timetable published in the section 440K announcement, and has
invoked section 440K. Remaining Imperial Bank preference shareholders will
receive the offer consideration on Thursday, 11 March 2010 on the same terms and
conditions as those included in the section 440K announcement and the circular
posted to shareholders on that date. In this regard, Imperial Bank preference
shares will be delisted from the JSE Limited with effect from the commencement
of business on Friday, 12 March 2010.
Sandton
4 March 2010
Investment bank, corporate adviser and Independent sponsor to
sponsor to Nedbank and sponsor to Imperial Bank
Imperial Bank -Deloitte & Touche Sponsor
- Nedbank Capital, a division of Services (Proprietary)
Nedbank Limited - Limited-
Independent lead sponsor to Nedbank
-Investec Bank Limited-
Date: 04/03/2010 16:52:02 Produced by the JSE SENS Department.
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