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NED
NED
NED - Nedbank Group - Dealings in Securities by Executive Director and
Company Secretary
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
("Nedbank Group")
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTOR AND COMPANY SECRETARY
In terms of paragraph 3.63 - 3.66 of the Listings Requirements of the JSE
Limited, the following information is disclosed in respect of the vesting of
Nedbank Group ordinary shares to an executive director and the company
secretary of Nedbank Group and Nedbank Limited.
These shares have vested in terms of the 2007 Matched Share Scheme, which
allows for up to 50% of an employee`s after-tax bonus to be used to acquire
shares in the company. On the vesting date (the day following three years
after the inception date) 50% of the shares still held in trust in respect of
the participant`s portfolio as per the Scheme rules will be matched on a one
for one basis if the person continued in the employ of the company throughout
the vesting period. A further 50% of the shares held on vesting date could
have been matched on a one for one basis if a predetermined company
performance target for the period 2007 to 2009 was met, but this target was
not achieved.
Name: MWT Brown
Capacity: Chief Executive
Date of transaction: 31 March 2010
Price per share: R138,67 (volume weighted
average price for the three
days preceding 31 March 2010)
Number of securities: 4 439 (50% of 8 878 shares held
in trust)
Total value: R615 556,13
Nature of transaction: Vesting of shares in terms of
participation in 2007 Matched
Share Scheme
Inception date: 30 March 2007
Vesting date: 31 March 2010
Nature of trade: Off market
Extent of interest: Direct beneficial
Taxable gain: R615 556,13
Name: GS Nienaber
Capacity: Company Secretary
Date of transaction: 31 March 2010
Price per share: R138,67(volume weighted
average price for the three
days preceding 31 March 2010)
Number of securities: 494 (50% of 988 shares held in
trust)
Total value: R68 502,98
Nature of transaction: Vesting of shares in terms of
participation in 2007 Matched
Share Scheme
Inception date: 30 March 2007
Vesting date: 31 March 2010
Nature of trade: Off market
Extent of interest: Direct beneficial
Taxable gain: R68 502,98
The required prior written clearance for the vesting of the shares has been
obtained.
Sandton
1 April 2010
Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd
Date: 01/04/2010 11:15:03 Produced by the JSE SENS Department.
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