NEDBANK GROUP LIMITED - Voluntary announcement on the proposed purchase of non-redeemable non-cumulative preference shares
NED NBKP 201604140033A
Voluntary announcement on the proposed purchase of non-redeemable, non-cumulative preference shares
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”)
NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE share code: NBKP
ISIN: ZAE000043667
(“Nedbank”)
VOLUNTARY ANNOUNCEMENT ON THE PROPOSED PURCHASE OF NON-
REDEEMABLE, NON-CUMULATIVE PREFERENCE SHARES ("NEDBANK’S
PREFERENCE SHARES")
Following the implementation of Basel III, the contribution of Nedbank’s Preference
Shares to the group’s capital adequacy ratios has reduced due to the “grandfathering”
provisions provided for in the Basel III transitional requirements.
Accordingly shareholders are hereby advised that Nedbank Group has authority to
purchase Nedbank Preference Shares.
Sandton
14 April 2016
Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank Corporate and Investment Banking
Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd
Sponsor to Nedbank Limited:
Investec Bank Limited
Nedbank Corporate and Investment Banking
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