Jan 27 (Reuters) - National Australia Bank Ltd NAB.AX :
* NAB board is of the view that a demerger is likely to enhance value for
shareholders over the long term
* Says unanimously recommends that shareholders vote in favour of the
resolution
* Proposing 75 per cent of CYBG PLC, which will own NAB's Clydesdale and
Yorkshire bank operations, be distributed to NAB shareholders
* Nab directors will vote in favour of the proposed resolutions in respect of
their own securityholdings
* NAB directors intend to hold the CYBG securities they receive under the
demerger for at least 12 months
* Independent expert Grant Samuel has also concluded that the demerger is in
the best interests of NAB shareholders
* Says examined a range of exit options, including a trade sale and a
standalone partial or full IPO
* Source text for Eikon ID:nASXc2LNN3