Nedbank Group - Dealings in Securities by Non-exec
Nedbank Group - Dealings in Securities by Non-executive Directors
NEDBANK GROUP LIMITED
(Formerly Nedcor Limited)
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
ISIN: ZAE000004875
(`the company` or `the group`)
DEALINGS IN SECURITIES BY NON-EXECUTIVE DIRECTORS
In terms of paragraph 3.63 - 3.74 of the Listings Requirements of JSE Limited,
the following information is disclosed in respect of the acquisition of Nedbank
Group Limited ordinary shares by non-executive directors of Nedbank Group
Limited and Nedbank Limited on 8 August 2005:
Number of Nominal
shares price per Total
Name acquired share value
B de L Figaji 98 641 R56,06 R5 529 814,46
JB Magwaza 98 641 R56,06 R5 529 814,46
ME Mkwanazi 98 641 R56,06 R5 529 814,46
ML Ndlovu 197 283 R56,06 R11 059 684,98
These shares are all held on an indirect beneficial basis.
The shares have been acquired through the Non-executive Directors Scheme, part
of the group`s black economic empowerment (BEE) transaction, in terms of which
the black non-executive directors of the company acquire an interest through the
Non-executive Directors Trust.
The BEE transaction was announced on 19 April 2005 and details were contained in
a circular to shareholders dated 15 June 2005.
The Non-executive Directors Scheme is subject to a six-year holding period. The
shares have been issued at par value, and the balance of the nominal price is
subject to an interest charge of 11,83% (nominal rate compounded annually in
arrears).
Prior written approval in terms of paragraph 3.66 of the Listings Requirements
has been obtained.
Sandton
8 August 2005
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
