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NEDBANK GROUP LIMITED - Dealings in securities

Release Date: 19/10/2018 14:00
Code(s): NED     PDF:  
Wrap Text
Dealings in securities

NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
(‘Nedbank Group’)

DEALINGS IN SECURITIES

In terms of paragraphs 3.63 - 3.65 of the Listings Requirements of the JSE, the below
information is disclosed in respect of the dealings in shares by directors and associates of
directors of Nedbank Group. The dealings relate to the receipt of Nedbank Group shares as
a result of the 15 October 2018 unbundling by Old Mutual Limited of 158 726 732 Nedbank
Group Ordinary Shares, comprising 31.73% of Nedbank Group’s share register as at 12
October 2018 (the ‘Unbundling’). Shareholders are referred to the announcements released
on SENS by Old Mutual Limited and Nedbank Group Limited on 26 September 2018 for
further information about the Unbundling.

Name of director:                   V Naidoo
Designation:                        Non-executive Chairman
Date of transaction:                15 October 2018
Class of shares:                    Ordinary shares
Number of shares:                   2 119
Price per share:                    R244.87 (based on the closing price of Nedbank Group
                                    shares at 12 October 2018)
Total value:                        R518 879.53
Nature of transaction:              Receipt of Nedbank Group shares as a result of the
                                    Unbundling
Nature of trade:                    Off market
Extent of interest:                 Indirect beneficial

Name of director:                   BA Dames
Designation:                        Independent non-executive director
Date of transaction:                15 October 2018
Class of shares:                    Ordinary shares
Number of shares:                   64
Price per share:                    R244.87 (based on the closing price of Nedbank Group
                                    shares at 12 October 2018)
Total value:                        R15 671.68
Nature of transaction:              Receipt of Nedbank Group shares as a result of the
                                    Unbundling
Nature of trade:                    Off market
Extent of interest:                 Direct beneficial

Name of director:                   HR Brody
Designation:                        Independent non-executive director
Date of transaction:                15 October 2018
Class of shares:                    Ordinary shares
Number of shares:                   256
Price per share:                    R244.87 (based on the closing price of Nedbank Group
                                    shares at 12 October 2018)
Total value:                        R62 686.72
Nature of transaction:              Receipt of Nedbank Group shares as a result of the
                                    Unbundling
Nature of trade:                    Off market
Extent of interest:                 Direct beneficial

Name of associate:                  MI Wyman Family Trust
Name of director:                   MI Wyman
Date of transaction:                15 October 2018
Class of shares:                    Ordinary shares
Number of shares:                   321
Price per share:                    R244.87 (based on the closing price of Nedbank Group
                                    shares at 12 October 2018)
Total value:                        R78 603.27
Nature of transaction:              Receipt of Nedbank Group shares as a result of the
                                    Unbundling
Nature of trade:                    Off market
Extent of interest for associate:   Direct beneficial
Extent of interest for director:    Indirect beneficial

Name of director:                   MP Moyo
Designation:                        Non-executive director
Date of transaction:                15 October 2018
Class of shares:                    Ordinary shares
Number of shares:                   48 842
Price per share:                    R244.87 (based on the closing price of Nedbank Group
                                    shares at 12 October 2018)
Total value:                        R11 959 940.54
Nature of transaction:              Receipt of Nedbank Group shares as a result of the
                                    Unbundling
Nature of trade:                    Off market
Extent of interest:                 Direct beneficial

Name of director:                   MP Moyo
Designation:                        Non-executive director
Date of transaction:                19 October 2018
Class of shares:                    Ordinary shares
Number of shares:                   21 559
Price per share:                    R235.06
Total value:                        R5 067 658.54
Nature of transaction:              Sale of shares to cover tax expenses
Nature of trade:                    On market
Extent of interest:                 Direct beneficial

Name of associate:                  STS Trust (of which MP Moyo is a beneficiary)
Name of director:                   MP Moyo
Date of transaction:                15 October 2018
Class of shares:                    Ordinary shares
Number of shares:                   827
Price per share:                    R244.87 (based on the closing price of Nedbank Group
                                    shares at 12 October 2018)
Total value:                        R202 507.49
Nature of transaction:              Receipt of Nedbank Group shares as a result of the
                                    Unbundling
Nature of trade:                    Off market
Extent of interest for associate:   Direct beneficial
Extent of interest for director:    Indirect beneficial

Name of associate:                  CS Moyo (spouse of MP Moyo)
Name of director:                   MP Moyo
Date of transaction:                15 October 2018
Class of shares:                    Ordinary shares
Number of shares:                   36
Price per share:                    R244.87 (based on the closing price of Nedbank Group
                                    shares at 12 October 2018)
Total value:                        R8 815.32
Nature of transaction:              Receipt of Nedbank Group shares as a result of the
                                    Unbundling
Nature of trade:                    Off market
Extent of interest for associate:   Direct beneficial
Extent of interest for director:    Indirect non-beneficial

The required written clearance for dealing in these shares has been obtained.

Sandton
19 October 2018

Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank Corporate and Investment Banking

Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd

Date: 19/10/2018 02:00:00 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.

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