Wrap Text
Unaudited Interim Results for the six months ended 30 June 2019 - Short Form
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 INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019
FINANCIAL HIGHLIGHTS
- Headline earnings R5 694m (June 2018: R5 583m), up 2,0%
- Revenue R23 848m, up 5,8% (June 2018: R22 544m)
- Interim preference share dividend 42,35729 cents, up 1,3% (June 2018:
41,82076 cents)
- Net asset value R78 983m (June 2018: R72 938m)
- Common-equity tier 1 ratio 11,1% (June 2018: 12,1%)
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 Tuesday, 6
August 2019, using the following JSE link:
https://senspdf.jse.co.za/documents/2019/jse/issh/nbkh/HY19result.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.
NEDBANK NON-REDEEMABLE NON-CUMULATIVE NON-PARTICIPATING PREFERENCE SHARES –
DECLARATION OF DIVIDEND NO 33
Notice is hereby given that gross preference dividend no 33 of 42,35729
cents per share has been declared for the period from 1 January 2019 to 30
June 2019, payable on Monday, 2 September 2019, 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, 30 August 2019. 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 33,88583 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, 27 August 2019
Shares commence trading (ex dividend) Wednesday, 28 August 2019
Record date (date shareholders recorded Friday, 30 August 2019
in books)
Payment date Monday, 2 September 2019
Share certificates may not be dematerialised or rematerialised between
Wednesday, 28 August 2019, and Friday, 30 August 2019, 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 credited at their participant or
broker on Monday, 2 September 2019.
For and on behalf of the board
Vassi Naidoo Mike Brown
Chairman Chief Executive
6 August 2019
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.
www.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: 06/08/2019 07:06:00
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 
