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| Nedcor Investment Bank Holdings Limited
(NIB) Listing |
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Nedcor Limited has offered 15% of its holding in NIB to Nedcor Limited
shareholders in the ratio of one NIB share for each Nedcor share held
at a subscription price of R4,30 per NIB share. The renouncable letters
of allocation commenced trading on the Johannesburg Stock Exchange
on 2 August 1999 and NIB will be listed on 26 August 1999. Pre-listing
documentation has been distributed to shareholders. Nedcor Limited
will realise gross capital proceeds of R1 billion from the NIB listing.
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