NED - Nedbank Group - Forfeiture of restricted share plan shares held by
NED
NED
NED - Nedbank Group - Forfeiture of restricted share plan shares held by
directors 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" or "the group")
FORFEITURE OF RESTRICTED SHARE PLAN SHARES HELD BY DIRECTORS AND COMPANY
SECRETARY
The following restricted Nedbank Group ordinary shares held by executive
directors, a non-executive director and the company secretary of Nedbank Group
and Nedbank Limited as part of the Restricted Share Plan will be forfeited on 4
March 2011:
Number of
restricted
shares Issue Determination
Name awarded price date
MWT Brown 38 613 R120,62 4 March 2011
(Chief executive)
GW Dempster 33 577 R120,62 4 March 2011
(Chief operating officer)
TA Boardman 60 167 R120,62 4 March 2011
(Former Chief executive, currently Non-executive director)
GS Nienaber 8 394 R120,62 4 March 2011
(Company secretary)
These restricted shares were granted in terms of the Nedbank Group (2005) Share
Option, Matched Share and Restricted Share Scheme on 4 March 2008. The vesting
of these shares was linked to the group`s achievement of predetermined
performance-based vesting criteria, which have not been met.
Sandton
3 March 2011
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 03/03/2011 10:42:00 Produced by the JSE SENS Department.
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