| Mon 12 Apr 2010, 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 annual results for the year ended 31
December 2009 was released on the Securities Exchange News Service (`SENS`) on
Wednesday, 24 February 2010, 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, 9 April 2010 (`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 (230
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 Wednesday, 31
March 2010.
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 230 cents per Nedbank Group ordinary share bears to R127.66, being the 30-
day volume-weighted average traded price of Nedbank Group ordinary shares on
JSE Limited at the close of business on Tuesday, 23 March 2010.
This equated to 1,80166 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 410 601 827 Nedbank Group ordinary
shares elected to receive the capitalisation award, resulting in the issue of
7 397 653 new shares. Accordingly, a cash dividend of R214 354 661.70 was
paid in respect of 93 197 679 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
12 April 2010
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: 12/04/2010 11:00:01 Produced by the JSE SENS Department.
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