Nedbank - Results Of The Offer
Nedbank Limited
(Incorporated in the Republic of South Africa)
(Registration number 1951/000009/06)
(formerly Nedcor Bank Limited)
Share code: NBKP
ISIN no.: ZAE000043667
("Nedbank" or "the company")
RESULTS OF THE OFFER ("THE OFFER") FOR SUBSCRIPTION IN RESPECT OF 100 000 000
NON-REDEEMABLE NON-CUMULATIVE PREFERENCE SHARES OF A PAR VALUE OF 0,1 CENT EACH
("PREFERENCE SHARES")
Nedbank is pleased to announce that subscriptions for 154 598 070 preferences
shares were received from 2 802 applicants in the offer (1.54 times over-
subscribed). The aggregate value of subscriptions amounted to R1 545 980 700.
Preference shares have been allocated on the following basis:
Number of Number of preference shares allocated
preference shares
subscribed for
10 000 - 40 000 100% of subscription
40 001 - 100 000 40 000 plus 75% of subscription in excess thereof
100 001 - 400 000 70 000 plus 50% of subscription in excess thereof
400 001 and above 175 000 plus 27.616% of subscription in excess
thereof
Fractions have been rounded down to the nearest whole number of preference
shares
Preference shares will be allotted and issued to subscribers who applied for
dematerialised shares on Tuesday 24 December 2002, against receipt of payment
from their CSDPs. Share certificates and refund cheques will be posted to
certificated shareholders on or before Monday 30 December 2002. The listing of
the preference shares on the JSE Securities Exchange, South Africa under the
short name "Nedbank-P" in the "Specialist Securities" - Preference Shares sector
of the list will commence on Tuesday 24 December 2002.
Sandton
23 December 2002
Investment bank and joint sponsor
Nedcor Investment Bank
Corporate law advisers and consultants
Edward Nathan & Friedland (Proprietary) Limited
Lead sponsor
Investec Securities Limited
Date: 23/12/2002 01:39:00 PM Produced by the JSE SENS Department
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