Election
Nedcor Investment Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Reg No 1963/003972/06)
Share Code: NIB ISIN No: ZAE0000019030
("NIB")
RESULTS OF THE SUBSCRIPTION ELECTION
Nedcor Investment Bank Limited is authorised to announce that, further to
the announcements published in the press on 7 February 2002 and 20 March
2002, the right of election to utilise the cash dividend to subscribe for
new ordinary shares ("the subscription election") in NIB terminated at 11:00
on Wednesday, 3 April 2002.
Result of the subscription election
Allotments of new ordinary shares in NIB in terms of the subscription
election were made at the minimum issue price of R3,00 in respect of a total
of 1 364 307 433 ordinary shares out of a total possible number of 1 612 872
387 ordinary shares, representing an 84,6% exercise of the election.
The cash dividend was made in respect of a total of 247 564 954 ordinary
shares in NIB, resulting in a total dividend payment of R38 125 003,92.
Listing
The maximum number of 82 736 289 shares that could have been issued in terms
of the subscription election (which were listed on the JSE Securities
Exchange South Africa and the Namibian Stock Exchange with effect from the
opening of trading on Thursday, 28 March 2002) will accordingly be reduced
by 12 701 886 shares with effect from Wednesday, 10 April 2002.
Posting of share certificates and dividend cheques
Share certificates in respect of new ordinary shares issued in terms of the
subscription election and cheques in respect of the dividend will be posted
to certificated shareholders entitled thereto, and dematerialised
shareholders will have their safe custody accounts credited with their CSDP
or broker today.
Johannesburg
8 April 2002
Investment bank and joint sponsor Joint sponsor
Nedcor Investment Bank Merril Lynch South Africa
Limited Limited
(Reg No 1955/003181/06 (Reg No 95/01805/07)
(Member of the JSE
Securities Exchange South
Africa)
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