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Nedbank sets odd-lot price

Shareholders affected by the odd-lot offer will receive R276.48c per share, to be paid out in the next few weeks. Nedbank has set the price at which it will buy back shares from the hundreds of thousands of Old Mutual shareholders who received equity in the bank as part of the break up of Old Mutual Plc.

Nedbank gets green light for odd-lot offer

Nedbank is proceeding with its plan to buy back the so-called odd-lot shares from the hundreds of thousands of Old Mutual shareholders who received a stake in the bank as part of the break up of Old Mutual Plc.

ANNOUNCEMENT | Nedbank Group Limited

Nedbank Group confirmed the decision by Old Mutual Limited to implement the unbundling of a significant portion of its shareholding in Nedbank Group to OML shareholders today, Monday, 15 October, 2018 and Nedbank Group's intention to implement an odd-lot offer following the Unbundling.
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