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FSRNIG - Nedbank Limited - Adjustment to the terms and conditions of Nedbank

Release Date: 03/12/2010 16:32
Code(s): JSE MMI FSRNIG
Wrap Text

FSRNIG - Nedbank Limited - Adjustment to the terms and conditions of Nedbank Firstrand Limited share instalment Nedbank Limited ADJUSTMENT TO THE TERMS AND CONDITIONS OF NEDBANK FIRSTRAND LIMITED SHARE INSTALMENT Share Code: FSRNIG ISIN Code: ZAE000145397 The FSR Unbundling With reference to the recent unbundling announcement by Firstrand Limited, the shareholders will receive 16.8766 (MMI) MMI Holdings Limited shares for every 100 Firstrand Limited. Details Of The Event: - Last day to trade in order to be eligible for the unbundling is Friday, 3 December 2010. - Record date for the unbundling will be Friday, 10 December 2010. Holders Of The FSRNIG Share Instalment Will Be Affected In The Following Way: - For every 100 FSRNIG share instalments held, holders will receive 16.8766 MMI Holdings Limited shares (ZAE000149902). Please note that holders will receive the actual MMI Holdings Limited shares and not share instalments. Standard rounding will apply. - Distribution of MMI shares will be Monday, 13 December 2010. For more information contact Nedbank Equity Derivatives on (011) 535 4030. 135 Rivonia Road, Sandton 3 December 2010 Sponsor Nedbank Capital Regards Yolanda Le Roux Equity Capital Markets Date: 03/12/2010 16:32:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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