| Fri 24 Feb 2012, 15:38 | | NED - Nedbank Group Limited - Amendment to dealings in securities by non- |
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NED
NED
NED - Nedbank Group Limited - Amendment to dealings in securities by non-
executive directors
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`)
AMENDMENT TO DEALINGS IN SECURITIES BY NON-EXECUTIVE DIRECTORS
1. Introduction and background
Shareholders are referred to the announcement, setting out the share
repurchase programme, released on SENS on 6 January 2011 advising that
Nedbank Group had exercised call options granted to it by the Nedbank
Eyethu Non-executive Directors Trust (`Non-executive Directors Trust`) to
repurchase Nedbank Group ordinary shares (`the specific repurchase`).
2. Re-statement of allocation of shares repurchased
Pursuant to a change in the basis of the calculation of the allocation of
the specific repurchase to account for the notional funding cost and the
allocation of operating expenses of the Non-executive Directors Trust, a
net adjustment of 4 604 shares which were held for the benefit of the
current non-executive directors and repurchased from the Non-executive
Directors Trust on 6 January 2011 is disclosed.
In terms of the specific repurchase, the adjusted number of acquired Nedbank
Group ordinary shares from the Non-executive Directors Trust, on the same basis
as previously disclosed, is as follows:
Name: TCP Chikane
Capacity: Non-executive director of Nedbank Group
Date of transaction: 6 January 2011
Average price per security: R0,75
Highest price per security: R1,00
Lowest price per security: R0,00
Class of securities: Nedbank Group ordinary shares
Number of securities: 57 711 (relative to 60 203 previously disclosed)
Total value: R43 283
Nature of transaction: Indirect sale of shares in terms of the
specific repurchase
Nature of trade: Off-market
Extent of interest: Indirect beneficial
Name: B de L Figaji
Capacity: Non-executive director of Nedbank Group
Date of transaction: 6 January 2011
Average price per security: R0,75
Highest price per security: R1,00
Lowest price per security: R0,00
Class of securities: Nedbank Group ordinary shares
Number of securities: 79 060 (relative to 78 573 previously disclosed)
Total value: R59 295
Nature of transaction: Indirect sale of shares in terms of the
specific repurchase
Nature of trade: Off-market
Extent of interest: Indirect beneficial
Name: NP Mnxasana
Capacity: Non-executive director of Nedbank Group
Date of transaction: 6 January 2011
Average price per security: R0,75
Highest price per security: R1,00
Lowest price per security: R0,00
Class of securities: Nedbank Group ordinary shares
Number of securities: 29 765 (relative to 32 364 previously disclosed)
Total value: R22 324
Nature of transaction: Indirect sale of shares in terms of the
specific repurchase
Nature of trade: Off-market
Extent of interest: Indirect beneficial
As previously disclosed, the Non-executive directors had no discretion in the
matter and were not required to obtain prior written clearance for the sale of
shares in terms of the specific repurchase.
Johannesburg
24 February 2012
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) Limited
Date: 24/02/2012 15:38:03 Produced by the JSE SENS Department.
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