| Mon 2 Apr 2012, 14:14 | | NED - Nedbank Group - Dealings in Securities by Directors and Company |
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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: VESTING OF 2009
MATCHED SHARE SCHEME
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 2009 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 a predetermined company
performance target for the period 2009 to 2011 was met, but this target was
not achieved.
Name: MWT Brown
Capacity: Chief Executive
Date of transaction: 2 April 2012
Price per share: R167,80 (volume weighted average price for the
three days preceding 31 March 2012)
Number of securities: 5 526 (50% of 11 051 shares held in trust)
Total value: R927 262,80
Nature of transaction: Vesting of shares in terms of participation in
2009 Matched Share Scheme
Inception date: 31 March 2009
Vesting date: 2 April 2012
Nature of trade: Off market
Extent of interest: Direct beneficial
Taxable gain: R927 262,80
Name: GS Nienaber
Capacity: Company Secretary
Date of transaction: 2 April 2012
Price per share: R167,80 (volume weighted average price for the
three days preceding 31 March 2012)
Number of securities: 1 688 (50% of 3 375 shares held in trust)
Total value: R283 246,40
Nature of transaction: Vesting of shares in terms of participation in
2009 Matched Share Scheme
Inception date: 31 March 2009
Vesting date: 2 April 2012
Nature of trade: Off market
Extent of interest: Direct beneficial
Taxable gain: R283 246,40
Name: TA Boardman
Capacity: Non-executive Director (Chief Executive at time
of original participation)
Date of transaction: 2 April 2012
Price per share: R167,80 (volume weighted average price for the
three days preceding 31 March 2012)
Number of securities: 10 550 (50% of 21 100 shares held in trust)
Total value: R1 770 290.00
Nature of transaction: Vesting of shares in terms of participation in
2009 Matched Share Scheme
Inception date: 31 March 2009
Vesting date: 2 April 2012
Nature of trade: Off market
Extent of interest: Direct beneficial
Taxable gain: R1 770 290.00
The required prior written clearance for the vesting of the shares has been
obtained.
Sandton
2 April 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) Ltd
Date: 02/04/2012 14:14:20 Produced by the JSE SENS Department.
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