| Fri 9 Mar 2012, 15:59 | | NBKP - Nedbank Limited - Posting of circular |
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JSE NBKP
NBKP
NBKP - Nedbank Limited - Posting of circular
Nedbank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1951/000009/06)
Share code: NBKP ISIN: ZAE000043667
("Nedbank")
Posting of circular
Holders of non-redeemable, non-cumulative, non-participating preference shares
("Nedbank Perpetual Preference Shares"), Nedbank ordinary shares and Nedbank A
and B preference shares (collectively, "Shareholders")are referred to the
announcement released on the Securities Exchange News Services on Wednesday, 29
February 2012 and in the press on Thursday, 1 March 2012 where they were advised
that as a result of the amendments to tax legislation, the board of directors of
Nedbank has resolved, subject to the passing of the required resolutions by
holders of Nedbank Perpetual Preference Shares ("Nedbank Perpetual Preference
Shareholders") and holders of Nedbank ordinary shares ("Nedbank Ordinary
Shareholders"), to amend the rate used to calculate the preference dividend
payable on the Nedbank Perpetual Preference Shares, from the current rate of 75%
of the prime rate to 83,33% of the prime rate.
A circular containing full detail of the amendment to the terms of the Nedbank
Perpetual Preference Shares, including, inter alia, a notice convening a class
meeting of Nedbank Perpetual Preference Shareholders and a combined general
meeting of Nedbank Perpetual Preference Shareholders and Nedbank Ordinary
Shareholders was posted to Shareholders today.
Johannesburg
9 March 2012
Investment bank, transaction advisor and sponsor
Nedbank Capital
Independent sponsor
Investec Bank Limited
Date: 09/03/2012 15:59:01 Produced by the JSE SENS Department.
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