Wrap Text
Dealings in Securities by Executive Directors, Prescribed Officers and Company Secretary
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
A2X share code: NED
ISIN: ZAE000004875
JSE alpha code: NEDI
(Nedbank Group or the company)
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS, PRESCRIBED OFFICERS AND COMPANY SECRETARY: 2026
COMPULSORY AND VOLUNTARY BONUS DEFERRAL SCHEMES
In terms of paragraphs 6.77 – 6.90 of the Listings Requirements of the JSE Limited, the following information is disclosed
in respect of dealings by the executive directors, prescribed officers and the company secretary of Nedbank Group.
The following Nedbank Group ordinary shares have been committed by the executive directors, prescribed officers and
the company secretary to the 2026 Matched Share Scheme (MSS), which is a scheme operated under the approved
Nedbank Group (2005) Employee Share Scheme, whereby:
(a) in terms of the Compulsory Bonus Share Scheme (CBSS), deferred short-term incentive (STI) amounts are
invested in the MSS, which offers a share-matching arrangement on a one-for-one basis. The match is subject
to the participant remaining in service on the vesting date, retaining the deferral for 36 months and the
achievement of specified matching performance conditions. The deferred amounts are subject to malus and
clawback provisions, in the sole discretion of the Nedbank Group Board.
(b) in terms of the Voluntary Bonus Share Scheme (VBSS), up to 50% of an employee's total after-tax STI (less any
amount already deferred under the CBSS set out above) can be used to acquire shares in Nedbank Group which
are then committed into the MSS, which similarly offers a one-for-one share matching arrangement, and is also
fully performance based. Alternatively, the employee can commit shares already owned by them up to an
equivalent amount of 50% of the employee's total after-tax STI less any amount already deferred under the
CBSS. The employee can dispose of these shares at any time prior to the vesting date, which will cancel their
participation in the scheme in respect of those shares and will render them ineligible to qualify for any matching
of shares.
The date of the transactions (off-market) was 31 March 2026 (the inception date) and the value of the shares was
determined using a weighted average price of Nedbank Group shares acquired between 24 March 2026 and 30 March
2026.
100% of the Nedbank Group shares held in the trust on vesting date (the day following three years after the inception
date) will be matched on a one-for-one basis only if the predetermined corporate performance target for the period
January 2026 to December 2028 is met and if the person has remained in the employ of the company throughout the
vesting period.
Compulsory Bonus Share Scheme:
No. of shares acquired on open
Value @ R272,67
Name and Capacity market and committed to Extent of interest
per share
scheme on behalf of participant
Jason Quinn 16,136 R4,399,803.12 Indirect beneficial
Chief Executive
Mike Davis 11,598 R3,162,426.66 Indirect beneficial
Executive Director
Mfundo Nkuhlu 11,093 R3,024,728.31 Indirect beneficial
Executive Director
Andiswa Bata 6,051 R1,649,926.17 Indirect beneficial
Prescribed Officer
Anel Bosman 14,623 R3,987,253.41 Indirect beneficial
Prescribed Officer
Terence Sibiya 6,555 R1,787,351.85 Indirect beneficial
Prescribed Officer
Ciko Thomas 8,320 R2,268,614.40 Indirect beneficial
Prescribed Officer
Jackie Katzin 1,613 R439,816.71 Indirect beneficial
Company Secretary
In terms of the CBSS, the executive directors, prescribed officers and company secretary have no discretion in relation
to the number of shares awarded nor the price at which such shares are awarded. Employees are entitled to the
dividends that are paid on the shares whilst held in trust.
Voluntary Bonus Share Scheme:
No. of existing shares committed
Value @ R272,67
Name and Capacity to scheme on behalf of Extent of interest
per share
participant
Mike Davis 1,512 R412,277.04 Indirect beneficial
Executive Director
Terence Sibiya 1,512 R412,277.04 Indirect beneficial
Prescribed Officer
Anel Bosman 1,512 R412,277.04 Indirect beneficial
Prescribed Officer
No. of shares acquired on open
Value @ R272,67
Name and Capacity market and committed to Extent of interest
per share
scheme on behalf of participant
Ciko Thomas 1,512 R412,277.04 Indirect beneficial
Prescribed Officer
Mfundo Nkuhlu 1,512 R412,277.04 Indirect beneficial
Executive Director
The required prior written clearance for the share dealings has been obtained.
Sandton
7 April 2026
Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd
Sponsors to Nedbank Group in South Africa:
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 07-04-2026 03:00:00
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.
Sharenet Sites 
