NED - Nedbank Group - Grant and Acceptance of Shar
NED
NED
NED - Nedbank Group - Grant and Acceptance of Share Options
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
("Nedbank Group")
GRANT AND ACCEPTANCE OF SHARE OPTIONS BY EXECUTIVE DIRECTORS AND COMPANY
SECRETARY
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE, the
following information is disclosed in respect of the grant and acceptance of
share options for Nedbank Group ordinary shares by the executive directors,
company secretary and an associate of the company secretary of Nedbank Group
Limited and Nedbank Limited on 27 February 2007:
Number of
options Strike
Name awarded price
TA Boardman 72 765 R144,30
(Chief executive)
MWT Brown 40 000 R144,30
(Chief financial officer)
GS Nienaber 15 000 R144,30
(Company secretary)
R Nienaber 11 000 R144,30
(Associate of company secretary)
These share options have been granted in terms of the Nedbank Group (2005) Share
Option, Matched Share and Restricted Share Scheme. This allocation of share
options is subject to time-based and performance-based vesting criteria, and
100% of the options will vest on 28 February 2010. The options expire on 27
February 2012.
The required prior written clearance for the grant and acceptance of these share
options has been obtained.
Sandton
28 February 2007
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 28/02/2007 14:00:00 Produced by the JSE SENS Department.
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