Overview of the Group transactions
Group Transactions summary
Black shareholder groupings
Overview of the Nedcor Transaction
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Introduction
Rationale
Principles
Employee schemes
Client & distributor schemes
Black Business Partners
Proposed Nedcor Transaction structure
Direct black shareholding
Nedcor employee schemes
Nedcor client schemes
Non-executive directors
Eyethu Community Trust
Nedcor Black Business Partners
Proposed appointments to the Nedcor Board
Mechanics / funding to implement the Nedcor Transaction
Value of the Nedcor Transaction
Estimated economic cost of the Nedcor Transaction
Accounting treatment of the Nedcor Transaction
Pro forma financial effects of the Nedcor Transaction
Measuring the black ownership of the Nedcor Transaction
Conditions precedent to the Nedcor Transaction
Opinions and recommendations for the Nedcor Transaction
Shareholders' analysis
Group employee incentive scheme
Nedcor Empowerment Transaction
[NOTE: THIS IS AN EXTRACT FROM THE FULL OLD MUTUAL PLC ANNOUNCEMENT]
Measuring the black ownership of the Nedcor Transaction
Rm
Value of Nedcor's South African businesses
26 438
Value of Nedcor Transaction
3 085
Less:
white employee component of Nedcor Broad-based Scheme
(45)
Black ownership portion of Nedcor Transaction
3 040
Black ownership portion of Nedcor Transaction as a % of the value of Nedcor's South African businesses
11.50%
