Get­ting Ned­bank stock

Finweek English Edition - - Marketplace Simon Says -

Old Mu­tual has pub­lished de­tails of the Ned­bank un­bundling. Those hold­ing Old Mu­tual shares on the JSE at close on 9 Oc­to­ber will re­ceive 3.21176 Ned­bank shares for ev­ery 100 of their Old Mu­tual shares. This will be done pro rata and may re­sult in some tem­po­rary weak­ness in the Ned­bank share price as some sell their Ned­bank stock. I’d also be a seller of Ned­bank, be­cause I pre­fer ei­ther Capitec or Stan­dard Bank – which has a solid ex­po­sure to the rest of Africa.

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