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NBKP - Nedbank Limited - Posting of circular

Release Date: 09/03/2012 15:59
Code(s): JSE NBKP
Wrap Text

NBKP - Nedbank Limited - Posting of circular Nedbank Limited (Incorporated in the Republic of South Africa) (Registration No. 1951/000009/06) Share code: NBKP ISIN: ZAE000043667 ("Nedbank") Posting of circular Holders of non-redeemable, non-cumulative, non-participating preference shares ("Nedbank Perpetual Preference Shares"), Nedbank ordinary shares and Nedbank A and B preference shares (collectively, "Shareholders")are referred to the announcement released on the Securities Exchange News Services on Wednesday, 29 February 2012 and in the press on Thursday, 1 March 2012 where they were advised that as a result of the amendments to tax legislation, the board of directors of Nedbank has resolved, subject to the passing of the required resolutions by holders of Nedbank Perpetual Preference Shares ("Nedbank Perpetual Preference Shareholders") and holders of Nedbank ordinary shares ("Nedbank Ordinary Shareholders"), to amend the rate used to calculate the preference dividend payable on the Nedbank Perpetual Preference Shares, from the current rate of 75% of the prime rate to 83,33% of the prime rate. A circular containing full detail of the amendment to the terms of the Nedbank Perpetual Preference Shares, including, inter alia, a notice convening a class meeting of Nedbank Perpetual Preference Shareholders and a combined general meeting of Nedbank Perpetual Preference Shareholders and Nedbank Ordinary Shareholders was posted to Shareholders today. Johannesburg 9 March 2012 Investment bank, transaction advisor and sponsor Nedbank Capital Independent sponsor Investec Bank Limited Date: 09/03/2012 15:59:01 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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