Nedbank Group Limited - Results of the Capitalisat
NED
NED
Nedbank Group Limited - Results of the Capitalisation Award
Nedbank Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1966/010630/06
JSE Share Code: NED & ISIN Code: ZAE000004875
(`Nedbank Group" or `the Company")
RESULTS OF THE CAPITALISATION AWARD
The announcement of the Company"s interim results for the six months ended 30
June 2006 was released on the Securities Exchange News Service (`SENS") on 7
August 2006, in which notice was given that an award of new fully paid Nedbank
Group ordinary shares ("the new shares") would be made to shareholders recorded
in the register of the Company at the close of business on Friday, 15 September
2006 (`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 (209 cents
per ordinary share) to 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, 8
September 2006.
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 209
cents per Nedbank Group ordinary share bears to R104,66, being the 30-day volume
weighted average traded price of Nedbank Group ordinary shares on the JSE as at
the close of business on Wednesday, 30 August 2006.
This equated to 1,99694 new shares for every 100 Nedbank Group ordinary shares
held on the record date. Fractions of shares will not be issued.
Nedbank Group ordinary shareholders holding 120 789 354 Nedbank Group ordinary
shares elected to receive the capitalisation share award, resulting in the issue
of 2 412 087 new shares. Accordingly, a cash dividend of R681 771 014 was paid
in respect of 326 206 227 Nedbank Group ordinary shares.
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
18 September 2006
Investment bank, corporate adviser and sponsor Independent lead sponsor
Nedbank Capital Merrill Lynch
Corporate law advisers
Edward Nathan
Date: 18/09/2006 12:24:15 PM Produced by the JSE SENS Department
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