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NEDBANK GROUP LIMITED - Change to the boards of directors

Release Date: 04/02/2020 15:30
Code(s): NED NBKP     PDF:  
Wrap Text
Change to the boards of directors

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’ or ‘the Group’)


NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE share code: NBKP
ISIN: ZAE000043667
(‘Nedbank’)


NEDBANK GROUP LIMITED AND NEDBANK LIMITED – CHANGE TO THE BOARDS OF
DIRECTORS


In terms of the Nedbank Group Board Succession Plan, the boards of Nedbank Group and Nedbank
Limited (the Companies) announce the retirement of Mr Joel Netshitenzhe as an independent non-
executive director of the Companies with effect from the close of Nedbank Group’s Annual General
Meeting (AGM) on Friday, 22 May 2020.

Joel was appointed to the Companies’ boards in August 2010. In accordance with Nedbank Group
Policy, independent non-executive directors retire at the next AGM after completing a nine-year term.

Nedbank Group Chairman, Vassi Naidoo, thanked Joel for his wise counsel over the years, noting that
his unique insights would be missed at board meetings as well as at the board committees on which
he served. On behalf of the board he wished him well in his future endeavours.

Sandton
4 February 2020


Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank CIB


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

Date: 04-02-2020 03:30:00
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