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NED
NED
NED - Nedbank Group - Dealings in Securities 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")
DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY
In terms of paragraphs 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 the executive directors, a non-executive
director and the company secretary of Nedbank Group and Nedbank Limited.
These shares have vested in terms of the 2008 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 predetermined company performance targets
for the period 2008 to 2010 were met, but these targets were not achieved.
Name: MWT Brown
Capacity: Chief Executive
Date of transaction: 1 April 2011
Price per share: R141,47 (volume weighted
average price for the three
days preceding 31 March 2011)
Number of securities: 6 578 (50% of 13 155 shares
held in trust)
Total value: R930 589,66
Nature of transaction: Vesting of shares in terms of
participation in 2008 Matched
Share Scheme
Inception date: 31 March 2008
Vesting date: 1 April 2011
Nature of trade: Off market
Extent of interest: Direct beneficial
Taxable gain: R930 589,66
Name: GW Dempster
Capacity: Chief Operating Officer
Date of transaction: 1 April 2011
Price per share: R141,47 (volume weighted
average price for the three
days preceding 31 March 2011)
Number of securities: 5 941 (50% of 11 881 shares
held in trust)
Total value: R840 473,27
Nature of transaction: Vesting of shares in terms of
participation in 2008 Matched
Share Scheme
Inception date: 31 March 2008
Vesting date: 1 April 2011
Nature of trade: Off market
Extent of interest: Direct beneficial
Taxable gain: R840 473,27
Name: TA Boardman
Capacity: Non-executive Director
(formerly Chief Executive)
Date of transaction: 1 April 2011
Price per share: R141,47 (volume weighted
average price for the three
days preceding 31 March 2011)
Number of securities: 10 000 (50% of 20 000 shares
held in trust)
Total value: R1 414 700,00
Nature of transaction: Vesting of shares in terms of
participation in 2008 Matched
Share Scheme
Inception date: 31 March 2008
Vesting date: 1 April 2011
Nature of trade: Off market
Extent of interest: Direct beneficial
Taxable gain: R1 414 700,00
Name: GS Nienaber
Capacity: Company Secretary
Date of transaction: 1 April 2011
Price per share: R141,47 (volume weighted
average price for the three
days preceding 31 March 2011)
Number of securities: 557 (50% of 1 114 shares held
in trust)
Total value: R78 798,79
Nature of transaction: Vesting of shares in terms of
participation in 2008 Matched
Share Scheme
Inception date: 31 March 2008
Vesting date: 1 April 2011
Nature of trade: Off market
Extent of interest: Direct beneficial
Taxable gain: R78 798,79
The required prior written clearance for the vesting of the shares has been
obtained.
Sandton
1 April 2011
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: 01/04/2011 16:20:42 Produced by the JSE SENS Department.
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