NEDBANK EYETHU SHARE OWNERSHIP PLAN
A quick and easy guide to getting your rewards
Step-by-step guide to getting your rewards
Step 1: Find out when your Eyethu shares will mature.
There are four options that you can choose from to find out the maturity date of your shares, namely:
- Check using your statement: You will find your maturity date at the top of your Eyethu statement, underneath your client code. The period indicates the date on which you joined the scheme and the date on which your shares mature. The period of the scheme is 36 months, which means that all payments and processing will take place from month 37.
- Check using the internet: Log onto the Nedbank website, www.nedbank.co.za. Once you are on the home page, please find the Eyethu link and click on it. This will link you to a screen on which you can enter your client code. Please enter the first six digits of your client code and once you have done so, your maturity date will be calculated and displayed on the screen.
- Check by SMSing the first six digits of your client code to 31797 and we will SMS back your maturity date. (standard SMS rates apply).
- Check by calling the Eyethu Call Centre on 0861 393 633: When you get through, advise the call centre agent that you would like to find out when your shares will mature. The call centre agent will ask you for the first six digits of your client code, which you will need to have with you before you call. The call centre agent will then inform you of your maturity date.
Step 2: Check whether you have been advised when your shares will mature.
In month 37 Nedbank will send you a termination letter, which will include the following information:
- The number of shares you have.
- The number of bonus shares you have.
If you have not heard from us, contact the Eyethu Call Centre on 0861 393 633.
Note: The period of the scheme is 36 months, which means that all payments and processing will take place from month 37.
Step 3: Let us know of your choice as soon as you receive your termination letter.
The termination letter includes a client instruction form that will give you four options to choose from when your shares mature. These are:
- Sell all or part of your shares at the best price currently available on the open market; or
- Sell all or part of your shares at a minimum price (if you do not specify a minimum price, the scheme will sell your scheme shares at the best price currently available on the open market); or
- Open a share-trading account and transfer your scheme shares into the account; or
- If you choose to open a share-trading account, a relationship manager will contact you to complete mandates and obtain your green-bar coded identity document and utility bill (e.g. your water and lights account). After the account has been opened, your share will be transferred into this account. After the account has been opened, your shares will be transferred into this account.
- Nedbank Online Share Trading allows you to buy and sell shares online in real time. If you should choose to keep your Eyethu shares, you can transfer your Eyethu shares to your Nedbank Online Share Trading account. It is also a smart way to transfer all your existing shares, if you have a share portfolio. In this way you can track the performance of all your shares as well as buy and sell shares, online, anytime and anywhere.
- Transfer the scheme shares into your existing share-trading account
- If you want to transfer your shares into your existing share-trading account, you will need to give us the name and contact numbers of the person who will accept the shares going into the existing share-holding account.
Once you have chosen which option you prefer, please complete the rest of the form and send it back to us by either:
Post: The Client Relationship Manager
Molebedi Trust Limited
PO Box 582
Johannesburg
2000; or
Fax: 011 480 3898; or
Email: molebedi-nedret@nedbank.co.za
Please note:
- It will take 20 working days to process your termination.
- Before you decide on the option you prefer we suggest that you speak to a financial adviser.
- If you fax your response to us before the maturity date, we will start counting your termination from the maturity date. However, if you fax your response after the maturity date, we start counting from the day we receive your fax.
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