Nedbank Group Limited - Results of General Meeting
Nedbank Group Limited - Results of General Meeting
Nedbank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/010630/06)
Share code JSE:NED
ISIN:ZAE000004875
(`Nedbank Group`)
Nedbank Group`s black economic empowerment transaction
Results of General Meeting
1. Introduction
Nedbank Group notified its ordinary shareholders (`Shareholders`) on 19 April
2005 of its intention to introduce direct, broad-based black ownership into the
Nedbank Group by way of the issue of 41 268 130 new ordinary shares in the
Nedbank Group (`New Nedbank Shares`) (`the Transaction`). A circular to
Shareholders was posted on 15 June 2005 describing the Transaction. The
implementation of the Transaction was subject to the fulfilment of certain
conditions precedent and the passing at the general meeting of Nedbank Group at
15:00 on 22 July 2005 (`General Meeting`) of all required ordinary and special
resolutions (`the Resolutions`).
The board of Nedbank Group is pleased to announce that the Resolutions have been
duly passed by the requisite majority of Shareholders, with a lowest majority
vote obtained being 98.99 percent and the highest being 99.94 percent. The
relevant special resolutions will be lodged for registration with the Registrar
of Companies on 25 July 2005.
2. Important dates and times
It is expected that the Transaction will be wholly unconditional by 8 August
2005, the expected date of the issue of the New Nedbank Shares and listing on
the JSE. A further announcement will be made to Shareholders informing them that
the Transaction is wholly unconditional and that the New Nedbank Shares have
been issued and listed.
Sandton
22 July 2005
Investment bank, Transaction advisor and sponsor to Nedbank Group
Nedbank Capital, a division of Nedbank Limited
Date: 22/07/2005 05:21:35 PM
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