JSE APANIB
NEDB
Nedbank Limited - Distribution announcement
Nedbank limited
Share Code: APANIB
ISIN: ZAE000074092
APANIB Distribution announcement
In terms of the corporate event to Apexhi"s linked unitholders to facilitate the
proposed Black Economic Empowerment (BEE) transaction, Apexhi "A" unitholders
will receive 45 new "C" units. Apexhi linked unitholders will be required to
sell 30% of the new "C" units received by them at a price of R 2.00 per new "C"
unit in terms of the BEE transaction. Apexhi "A" unitholders will therefore
receive 31.5 new "C" units per 100 "A" units held (rounded up or down to the
nearest full number of "C" units) and R 27.00 in cash per 100 "A" units held,
payable on Monday 16 October 2006 and record date is Friday 13 October 2006.
The trustees of the Share Instalment Trust have declared that the entitlement
31.5 new "C" units per 100 "A" units and R 27.00 per 100 "A" units will be
issued and paid respectively to the instalment holders on payment date Monday 16
October 2006 and the record date will be Friday 13 October 2006.
As a result of this proposed distribution, no adjustments will be made to the
strike price.
The last day to trade in APANIB in order to be entitled to the proposed
distribution is Friday, 6 October 2006 and the ex distribution date is Monday 9
October 2006.
For more information contact Nedbank Equity Derivatives on (011) 535 4030
135 Rivonia Road, Sandton
6 October 2006
Sponsor Nedbank Capital
Date: 06/10/2006 10:33:53 AM Produced by the JSE SENS Department
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