Nedbank Limited - Results Of The Offer For Subscription Of Non-Redeemable Non-
Cumulative Preference Shares Of A Par Value Of 0,1 Cent Each
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 FOR SUBSCRIPTION OF NON-REDEEMABLE NON-CUMULATIVE
PREFERENCE SHARES OF A PAR VALUE OF 0,1 CENT EACH ("PREFERENCE SHARES")
Shareholders and potential investors are referred to the announcements dated 28
October 2003 and 11 November 2003, which related to a public offer for
subscription (the "Offer for Subscription") and a private placement (the
"Private Placement") of 50 000 000 preference shares, with the directors
retaining the right to increase to a maximum of 100 000 000 preference shares.
Nedbank is pleased to announce that it received aggregate subscriptions for 77
298 896 preferences shares in the Offer for Subscription and the Private
Placement. The aggregate value of subscriptions amounted to R825 552 210.
Applications for 27 298 896 preference shares were received in the public Offer
for Subscription. All subscriptions in the Offer for Subscription have been
accepted in full.
Preference shares will be allotted and issued to subscribers in the Offer for
Subscription who applied for dematerialised shares on Wednesday 19 November
2003, against receipt of payment from their Central Securities Depository
Participants. Share certificates will be posted to certificated shareholders on
or before Wednesday 26 November 2003. The preference shares, issued pursuant to
the Private Placement and the Offer for Subscription, will be listed on the JSE
Securities Exchange, South Africa under the short name "Nedbank-P" in the
"Specialist Securities" - Preference Shares sector on Wednesday 19 November
2003.
Sandton
18 November 2003
Investment bank and joint sponsor
Nedcor Investment Bank
Corporate law advisers and consultants
Edward Nathan & Friedland (Proprietary) Limited
Lead sponsor
Investec Securities Limited
Joint auditors
KPMG Inc
Deloitte & Touche
Date: 18/11/2003 03:46:03 PM Produced by the JSE SENS Department
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