NED - Nedbank Group Limited - Forfeiture of Restricted Share Plan shares held
NED
NED
NED - Nedbank Group Limited - 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 (previously Chief Executive) and the
company secretary of Nedbank Group and Nedbank Limited as part of the
Restricted Share Plan were forfeited on 4 March 2012:
Number of
restricted
shares Issue Determination
Name awarded price date
MWT Brown 52 812 R75,74 4 March 2012
(Chief executive)
GW Dempster 52 812 R75,74 4 March 2012
(Chief operating officer)
GS Nienaber 9 902 R75,74 4 March 2012
(Company secretary)
TA Boardman 99 340 R75,74 4 March 2012
(Chief Executive at time of award on 3 March 2009, now a non-executive
director)
These restricted shares were granted in terms of the Nedbank Group (2005)
Share Option, Matched Share and Restricted Share Scheme on 3 March 2009. The
vesting of these shares was linked to the group`s achievement of predetermined
performance-based vesting criteria, which have not been met.
Sandton
5 March 2012
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 05/03/2012 11:38:01 Produced by the JSE SENS Department.
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