NED - Nedbank Group - Lapsing of Share Options hel
NED
NED
NED - Nedbank Group - Lapsing of Share Options held by Directors,
Company Secretary and Associate
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" or "the group")
LAPSING OF SHARE OPTIONS HELD BY DIRECTORS, COMPANY SECRETARY AND ASSOCIATE
The following share options for Nedbank Group ordinary shares held by the
executive directors, the company secretary and an associate of the company
secretary of Nedbank Group and Nedbank Limited will be lapsing on 1 April 2007:
Number of
options Strike Vesting
Name awarded price date
TA Boardman 10 000 R88,00 1 April 2007
(Chief executive) 4 167 R60,00 1 April 2007
MWT Brown 9 000 R88,00 1 April 2007
(Chief financial 3 750 R45,00 1 April 2007
officer)
GS Nienaber 5 000 R88,00 1 April 2007
(Company secretary) 2 083 R45,00 1 April 2007
R Nienaber 834 R88,00 1 April 2007
(Associate of 348 R45,00 1 April 2007
company secretary)
These share options were granted in terms of the Nedbank Group (1994) Share
Option Scheme in 2003, and in 2004 as a result of the rights offer. The
abovementioned share options were linked to the group`s achievement of
predetermined financial targets, which have not been met.
Sandton
13 March 2007
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 13/03/2007 15:16:55 Produced by the JSE SENS Department.
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