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Results for the year ended 31 December 2019
NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE share code: NBKP
ISIN: ZAE000043667
JSE alpha code: BINBK
('Nedbank Limited' or 'Nedbank' or the ‘company’)
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019
FINANCIAL HIGHLIGHTS
- Headline earnings R10 382m (2018: R10 884m), down 4,6%
- Revenue R48 257m, up 3,0% (2018: R46 849m)
- Final preference share dividend 42,11186 cents, down 0,3%
(2018:42,23172 cents)
- Net asset value R72 792m, up 5,7% (2018: R68 846m)
- Common-equity tier 1 ratio 11,2% (2018: 11,6%)
This short-form announcement is the responsibility of the directors. It is
only a summary of the information contained in the full announcement and
does not contain full or complete details. Any investment decision should
be based on the full announcement, which can be accessed from Tuesday, 3
March 2020, using the following JSE link:
https://senspdf.jse.co.za/documents/2020/jse/isse/NBKE/ye2019.pdf
Alternatively, the full announcement is available on our website at
https://www.nedbank.co.za/content/nedbank/desktop/gt/en/investor-
relations/information-hub/financial-results/2019.html
The full announcement is available for inspection at Nedbank's registered
office on weekdays from 09:00 to 16:00, and copies thereof may be requested
free of charge from Nedbank Investor Relations at NedgroupIR@Nedbank.co.za.
The auditors’ unmodified report (with key audit matters) to the
shareholders of Nedbank Limited, is contained in our consolidated annual
financial statements for the year-ended 31 December 2019. The annual
financial statements can be accessed using the following link to our annual
financial statements at
https://www.nedbank.co.za/content/nedbank/desktop/gt/en/investor-
relations/information-hub/financial-results/Other.html
This announcement itself is not audited and therefore the audit report does
not cover this announcement.
NEDBANK NON-REDEEMABLE NON-CUMULATIVE NON-PARTICIPATING PREFERENCE SHARES –
DECLARATION OF DIVIDEND NO 34
Notice is hereby given that gross preference dividend no 34 of 42,11186
cents per share has been declared for the period from 1 July 2019 to 31
December 2019, payable on Monday, 6 April 2020, to shareholders of the
Nedbank non-redeemable, non-cumulative, non-participating preference shares
recognised in the accounting records of the company at the close of
business on Friday, 3 April 2020. The dividend has been declared out of
income reserves.
The dividend will be subject to a dividend withholding tax rate of 20%
(applicable in SA), resulting in a net dividend of 33,68949 cents per share
to those shareholders who are not exempt from paying dividend tax.
Nedbank's tax reference number is 9250/083/71/5 and the number of
preference shares in issue at the date of declaration is 358 277 491.
In accordance with the provisions of Strate, the electronic settlement and
custody system used by the JSE, the relevant dates for the payment of the
dividend are as follows:
Event Date
Last day to trade (cum dividend) Tuesday, 31 March 2020
Shares commence trading (ex dividend) Wednesday, 1 April 2020
Record date (date shareholders recorded Friday, 3 April 2020
in books)
Payment date Monday, 6 April 2020
Share certificates may not be dematerialised or rematerialised between
Wednesday, 1 April 2020, and Friday, 3 April 2020, both days inclusive.
Where applicable, dividends in respect of certificated shares will be
transferred electronically to shareholders' bank accounts on the 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, 6 April 2020.
For and on behalf of the board
Vassi Naidoo Mike Brown
Chairman Chief Executive
3 March 2020
Directors
V Naidoo (Chairman), MWT Brown** (Chief Executive), HR Brody, BA Dames, NP
Dongwana, EM Kruger, RAG Leith, L Makalima, PM Makwana***, Prof T Marwala,
Dr MA Matooane, RK Morathi** (Chief Financial Officer), MP Moyo,
JK Netshitenzhe, MC Nkuhlu** (Chief Operating Officer), S Subramoney.
** Executive *** Lead independent director
Registered office
Nedbank Limited, Nedbank 135 Rivonia Campus, 135 Rivonia Road, Sandown,
Sandton, 2196.
PO Box 1144, Johannesburg, 2000.
nedbankgroup.co.za
Sponsors
Investec Bank Limited, Nedbank CIB
Company Secretary: J Katzin
Transfer secretaries
Link Market Services South Africa Proprietary Limited, 19 Ameshoff Street,
Braamfontein, Johannesburg, 2001, SA.
PO Box 4844, Marshalltown, 2000, SA.
Date: 03-03-2020 07:06:00
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