To view the PDF file, sign up for a MySharenet subscription.

NEDBANK LIMITED - Unaudited condensed consolidated interim financial results for the six months ended 30 June 2020

Release Date: 26/08/2020 07:05
Wrap Text
Unaudited condensed consolidated interim financial results for the six months ended 30 June 2020

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)

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE SIX
MONTHS ENDED 30 JUNE 2020

FINANCIAL HIGHLIGHTS
   - Headline earnings R1 609m (June 2019: R5 694m), down by 71,7%
   - Revenue R23 361m, down by 2,0% (June 2019: R23 848m)
   - Interim preference share dividend 35,94033 cents, down by 15,1% (June
     2019:42,35729 cents)
   - Net asset value R71 223m (June 2019: R69 873m)
   - Common-equity tier 1 ratio 9,9% (June 2019: 11,1%)

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 Wednesday, 26
August 2020, using the following JSE link:
https://senspdf.jse.co.za/documents/2020/jse/issh/nbkh/ie2020.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/2020.html

The full announcement is available for inspection at Nedbank's registered
office on weekdays from 09:00 to 16:00 by appointment only, in accordance
with Covid-19 restrictions, and copies thereof may be requested free of
charge from Nedbank Investor Relations at NedgroupIR@Nedbank.co.za.

NEDBANK NON-REDEEMABLE NON-CUMULATIVE NON-PARTICIPATING PREFERENCE SHARES –
DECLARATION OF DIVIDEND NO 35

Notice is hereby given that gross preference dividend no 35 of 35,94033
cents per share has been declared for the period from 1 January 2020 to 30
June 2020, payable on Monday, 21 September 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, 18 September 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 28,75226 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, 15 September 2020
Shares commence trading (ex dividend)       Wednesday, 16 September 2020
Record date (date shareholders recorded     Friday, 18 September 2020
in books)
Payment date                                Monday, 21 September 2020

Share certificates may not be dematerialised or rematerialised between
Wednesday, 16 September 2020, and Friday, 18 September 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, 21 September 2020.

For and on behalf of the board

Vassi Naidoo                               Mike Brown
Chairman                                   Chief Executive

26 August 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), MC Nkuhlu* (Chief
Operating Officer), S Subramoney, IG Williamson.
* Executive ** Lead independent director

Registered office
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: 26-08-2020 07:05:00
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.

Share This Story