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NEDBANK GROUP CAPITALISATION AWARD WITH A CASH DIVIDEND ALTERNATIVE
Notice is hereby given that the directors of the company have resolved to issue fully paid ordinary shares in the company as a capitalisation award to ordinary shareholders. Ordinary shareholders will be entitled, in respect of all or part of their shareholding, to elect to receive new fully paid ordinary shares, which will be issued only to those ordinary shareholders who elect in respect of all or part of their shareholding, on or before 12:00 on Friday, 9 April 2010, in South Africa, and on or before 11:00 on Friday, 9 April 2010, in Namibia to receive the capitalisation award shares. Shareholders not electing to receive new fully paid ordinary shares in respect of all or part of their shareholding will be entitled to receive a cash dividend alternative of 230 cents per ordinary share (the cash dividend alternative).
In accordance with the provisions of STRATE, the electronic settlement and custody system used by JSE Limited, the relevant dates for the capitalisation award election and the cash dividend alternative are as follows:
2010
Last day to trade to participate in the capitalisation award or the cash dividend alternative |
Wednesday, 31 March |
| Shares trade ex the capitalisation award election and the cash dividend alternative on | Thursday, 1 April |
| Listing of the maximum number of new ordinary shares that may be taken up in terms of the capitalisation award on | Thursday, 1 April |
| Last day to elect to receive capitalisation award shares (by 12:00), failing which the cash dividend alternative will be received | Fridday, 9 Apri |
| Record date to participate in the capitalisation award or receive the cash dividend alternative | Friday, 9 April |
| Payment of the cash dividend alternative to shareholders who have not elected to participate in the capitalisation award or have participated in the capitalisation award in respect of only part of their shareholding on | Monday, 12 April |
| New shares issued and posted or participant or broker accounts credited regarding the shares to be issued to shareholders participating in the capitalisation award in respect of all or part of their shareholding on | Monday, 12 April |
| The maximum number of new shares listed in terms of the capitalisation award, adjusted to reflect the actual number of shares issued in terms of the capitalisation award on or about | Friday, 16 April |
Shares may not be dematerialised or rematerialised between Thursday, 1 April 2010, and Friday, 9 April 2010, both days inclusive. |
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The above dates and times are subject to change. Any changes will be published on the Securities Exchange News Service (SENS) and in the press.
The number of capitalisation shares to which shareholders are entitled will be determined in the ratio that 230 cents per ordinary share bears to the 30-day volume-weighted average price for the company’s share, to be determined no later than Tuesday, 23 March 2010. Details of the ratio will be published on SENS no later than Wednesday, 24 March 2010, at 11:00 and in the financial press the following business day. Trading in the STRATE environment does not permit fractions and fractional entitlements. Accordingly, where a shareholder’s entitlement to new ordinary shares calculated in accordance with the above formula gives rise to a fraction of a new ordinary share, such fraction will be rounded up to the nearest whole number, where the fraction is greater than or equal to 0,5, and rounded down to the nearest whole number, where the fraction is smaller than 0,5.
A circular relating to the capitalisation award and the cash dividend alternative will be posted to shareholders on or about 15 March 2010.
Note:
- Dematerialised shareholders are required to notify their duly appointed participant or broker of their election in terms of the capitalisation award in the manner and at the time stipulated in the agreement governing the relationship between shareholders and their participant or broker.
- The right to elect capitalisation award shares in jurisdictions other than the Republic of South Africa may be restricted by law and failure to comply with any of these restrictions may constitute a violation of the securities laws of any such jurisdictions.
For and on behalf of the board
Dr RJ Khoza TA Boardman MWT Brown
Chairman Chief Executive Chief Executive Designate
25 February 2010
NEDBANK NON-REDEEMABLE NON-CUMULATIVE PREFERENCE SHARES
– DECLARATION OF DIVIDEND NO 14
Notice is hereby given that preference dividend no 14 of 40,15068 cents per share has been declared for the period from 1 July 2009 to 31 December 2009, payable on Monday, 29 March 2010, to shareholders of the non-redeemable non-cumulative preference shares recorded in the books of the company at the close of business on Friday, 26 March 2010.
In accordance with the provisions of STRATE, the electronic settlement and custody system used by JSE Limited, the relevant dates for the payment of the dividend are as follows:
Last day to trade (cum dividend) |
Thursday, 18 March 2010 |
| Shares trade ex dividend | Friday, 19 March 2010 |
| Record date (date shareholders recorded in books) | Friday, 19 March 2010 |
| Payment date | Monday, 29 March 2010 |
Share certificates may not be dematerialised or rematerialised between Friday, 19 March 2010, and Friday, 26 March 2010, both days inclusive. Where applicable, dividends in respect of certificated shares will be transferred electronically to shareholders’ bank accounts on payment date. In the absence of specific mandates, dividend cheques will be posted to shareholders. Shareholders who have dematerialised their share certificates will have their accounts, at their participant or broker, credited on Monday, 29 March 2010. For and on behalf of the board Dr RJ Khoza TA Boardman 25 February 2010 |
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Dividend history
LDR |
Payment |
Amount per share |
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| For the year ended 31 December 2009 | ||||||
| Ordinary shares | Interim | 4 September 2009 | 14 September 2009 | 210 cents* | ||
| Final | 31 March 2010 | 12 April 2010 | 230 cents* | |||
| Preference shares | Interim | 21 August 2009 | 31 August 2009 | 48,98630 cents | ||
| Final | 18 March 2010 | 29 March 2010 | 40,15068 cents | |||
| For the year ended 31 December 2008 | ||||||
| Ordinary shares | interim |
5 September 2008 | 15 September 2008 | 310 cents* | ||
| final | 02 April 2009 | 14 April 2009 | 310 cents* | |||
| Preference shares | interim | 22 August 2008 | 1 September 2008 | 55.02048 cents | ||
| final | 20 March 2009 | 30 March 2009 | 58.26844 cents | |||
| For the year ended 31 December 2007 | ||||||
| Ordinary shares | interim |
07 September 2007 | 17 September 2007 | 310 cents* | ||
| final | 4 April 2008 | 14 April 2008 | 350 cents* | |||
| Preference shares | interim | 24 August 2007 | 03 September 2007 | 46.72603 cents | ||
| final | 19 March 2008 | 31 March 2008 | 51.55479 cents | |||
| For the year ended 31 December 2006 | ||||||
| Ordinary shares | interim |
08 September 2006 | 18 September 2006 | 209 cents* | ||
| final | 29 March 2007 | 10 April 2007 | 284 cents* | |||
| Preference shares | interim | 25 August 2006 | 04 September 2006 | 39.27740 cents | ||
| final | 15 March 2007 | 26 March 2007 | 44.1369 cents | |||
| For the year ended 31 December 2005 | ||||||
| Ordinary shares | interim |
02 September 2005 |
12 September 2005 | 105 cents* | ||
| final | 24 March 2006 |
03 April 2006 | 185 cents* | |||
| Preference shares | interim | 19 August 2005 |
29 August 2005 | 40.15068 cents | ||
| final | 10 March 2006 |
20 March 2006 | 39.69863 cents | |||
| For the year ended 31 December 2004 | ||||||
| Ordinary shares | interim |
03 September 2004 |
13 September 2004 | 44 cents | ||
| final | 23 March 2005 | 04 April 2005 | 76 cents | |||
| Preference shares | interim |
20 August 2004 |
30 August 2004 |
42.88934 cents | ||
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final | 11 March 2005 |
22 March 2005 |
41.94672 cents | ||
| For the year ended 31 December 2003 | ||||||
| Ordinary shares |
interim |
29 August 2003 |
08 September 2003 |
205 cents | ||
|
final | 01 April 2004 |
13 April 2004 |
35 cents* | ||
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| Preference shares |
interim |
15 August 2003 |
25 August 2003 |
66.5137 cents | ||
| final | 18 March 2004 |
29 March 2004 |
51.16438 cents | |||
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| For the year ended 31 December 2002 | ||||||
| Ordinary shares |
interim |
06 September 2002 |
16 September 2002 |
205 cents | ||
|
final | 20 March 2003 |
31 March 2003 |
310 cents | ||
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| For the year ended 31 December 2001 |
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| Ordinary shares | interim |
20 September 2001 |
01 October 2001 | 190 cents | ||
| final | 05 April 2002 | 15 April 2002 | 310 cents | |||
* Capitalisation award with cash dividend election
| This page was updated on 25 February, 2010 |  Return to top |
