NEDBANK GROUP LIMITED - Nedbank Groups Offer to Acquire C. 66% Of NCBA Group Plc (NCBA) Becomes Unconditional

What this filing means

Nedbank's offer to acquire roughly 66% of NCBA Group became unconditional on 15 October 2026, clearing the last regulatory hurdle that had kept the deal from closing. The filing confirms Nedbank will acquire approximately 1 087 362 891 NCBA shares, with settlement expected on or about 3 November 2026 and final consideration figures due around 5 November. This is execution of a previously announced transaction, not a new development — the terms and the 79.9% acceptance level were already on the public record.

Nedbank has cleared the final regulatory approval needed to complete its purchase of a controlling stake in NCBA, a Kenyan bank. The deal was announced months ago and shareholders had already accepted it, so this is the paperwork stage — the moment the agreement becomes binding. The shares and cash only start changing hands from around 3 November. The final numbers on how much cash and how many new Nedbank shares will be paid are still to come in early November.