Nedbank Group - Results of the capitalisation awar
Nedbank Group - Results of the capitalisation award
Nedbank Group Limited
(Formerly Nedcor Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1966/010630/06)
Share Code: NED & ISIN Code: ZAE000004875
(`Nedbank Group` or `the Company`)
RESULTS OF THE CAPITALISATION AWARD
The Company`s interim results announcement for the six months ended 30 June 2005
was released on the Securities Exchange News Services (`SENS`) on 4 August 2005
wherein notice was given that an award of new fully paid Nedbank Group ordinary
shares (`the new shares`) would be distributed to shareholders recorded in the
register of the Company at the close of business on Friday, 9 September 2005
(`the record date`).
In terms of the announcement, shareholders would be entitled, in respect of all
or part of their shareholding, to elect to participate in the capitalisation
award failing which they would receive the cash dividend alternative (105 cents
per ordinary share that would be paid to those shareholders not electing to
participate in the capitalisation award). The last day to trade to participate
in the capitalisation share award or the cash dividend alternative was Friday, 2
September 2005.
The number of the new shares to which shareholders wishing to participate in the
capitalisation award would become entitled was determined in the ratio that 105
cents per Nedbank Group ordinary share bears to 8 612 cents, being the 30 day
volume weighted average traded price of Nedbank Group ordinary shares on the JSE
as at the close of business on 25 August 2005.
This equated to 1.21923 new shares for every 100 Nedbank Group ordinary shares
held on the record date. Fractions of shares were not to be issued.
Nedbank Group ordinary shareholders holding 347 966 517 Nedbank Group ordinary
shares elected to receive the capitalisation share award, resulting in the issue
of 4 242 512 new shares. Accordingly, R94 461 976.35 was paid in respect of cash
dividends.
Dividend cheques and share certificates in respect of the new shares were posted
to certificated shareholders at their risk and the Central Securities Depository
Participant or broker custody accounts of dematerialised shareholders were
credited today.
Johannesburg
12 September 2005
Investment bank, corporate advisor and sponsor
Merrill Lynch
Independent lead sponsor
Nedbank Capital
Corporate law advisors
Edward Nathan
Date: 12/09/2005 04:17:09 PM
Produced by the JSE SENS Department
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