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Nedbank Ltd (NBKPp.J)

NBKPp.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Old Mutual says could list wealth and emerging markets ops separately
Tuesday, 28 Jun 2016 02:00am EDT 

Old Mutual Plc : Old Mutual annual general meeting and update on trading and managed separation . Old Mutual Plc will be holding its annual general meeting at 11am today, June 28 2016 . Will also hold a general meeting immediately afterwards to consider a revised directors' remuneration policy and adoption of a new long-term incentive plan . Gross sales in year to date have been strong . Expected headwinds of weaker and more volatile foreign exchange and equity markets to which we made reference at our preliminary results have materialised-CEO . "To date we have seen larger than expected claims experiences in both property & casualty and corporate business." . Change in Plc responsibilities is resulting in a significant redesign of head office to ensure its structure and functions are aligned to discharging objectives outlined above . These include supporting efficient running of business, transitioning Plc activities to underlying businesses as appropriate and managing orderly and phased winding down of London head office . Have consulted with head office staff and reduced full time equivalent (FTE) headcount at Plc by 15 pct, and will see further phased reductions in FTEs as managed separation progresses . Expects EU referendum "may add increased levels of market volatility which may impact performance of underlying businesses".  Full Article

Nedbank Ltd announces dividend
Friday, 11 Sep 2015 08:18am EDT 

Nedbank Ltd:Declares a dividend amount of 1150 cents per share.Says the dividend is payable on Oct. 12.  Full Article

Nedbank Ltd declares dividend payment
Monday, 17 Aug 2015 02:20am EDT 

Nedbank Ltd:Declares a dividend amount of 303 cents per SBKNIP share instalment that is payable on Sept. 14.The record date will be Sept. 11.  Full Article

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