Important information for Bidvest Namibia Shareholders

The Bidvest Group has made a conditional offer to the minority shareholders of Bidvest Namibia, to acquire all of their Bidvest Namibia shares for a cash consideration of NAD10.50 per share. This offer is subject to the approval of the delisting of Bidvest Namibia from the Main Board of the NSX. The Bidvest Namibia board of directors appointed an independent board committee to deliberate this offer, which has found it to be fair and reasonable.

The vote with regards to delisting will be done at the general meeting scheduled on Friday 17 May 2019 at 12:00 at the corporate office. The offer has been made at a price of N$10.50 per share, which is a 52% premium to the prevailing share price on the day before the offer announcement was made, being 1 March 2019.

An offer circular has been posted to all Bidvest Namibia shareholders, which contains detailed information, the steps for you to follow and the relevant offer voting forms.

Please contact Transfer Secretaries at +264 61 -227 647 / ts_[at] for assistance. Once you have received the offer circular, please carefully consider the reasons for the offer and vote accordingly. The forms (green Proxy form and pink Acceptance, Surrender & Transfer form) should then be returned to the address provided. The combined circular and various forms requiring completion are available on this website for your convenience.

Bidvest Namibia Independent Board
Below for download are the official Sum of the parts valuation, Acceptance Forms, Proxy Form, the Circular and Notice of the General Meeting.

Sum of the parts valuation
Bidvest Circular
General Meeting notice
Acceptance Form
Proxy Form

For more information contact:
Transfer Secretaries (PTY) LTD
4 Robert Mugabe Avenue (Entrance in Burg Street), Windhoek

Tel: +264 (0)61 227647         Email: ts_[at]

Bidvest Namibia - Building the future

Bidvest Namibia is a Namibian services, trading and distribution company listed on the Namibian Stock Exchange. We employ more than 2,500 people and our roots are firmly Namibian. In a big business environment we run our company with determination and commitment evident in a small business heart. We believe in empowering people, building relationships and improving lives. Entrepreneurship, incentivisation, decentralised management and communication are key ingredients to our success.

We subscribe to a philosophy of transparency, accountability, integrity, excellence and innovation in all our business dealings. We turn ordinary companies into extraordinary performers, delivering strong and consistent shareholder returns in the process. But most importantly, we understand that people create wealth, and that companies only report it. more

Share our website on your choice of social media platforms

For Shareholders

Latest Shareprice


change: -5c

Latest Annual Report

Latest Announcements

Apr 2019
10:34 am

E&Y – Fair and Reasonable Opinion Supplementary Information
Posted:26 Apr 2019 at 10:34 am

Further to the cautionary announcement released on the Stock Exchange News Service of the Namibian Stock Exchange on 25 April 2019 relating to the circular to shareholders, supplementary information relating to the sum of the parts valuation, culminating in the fair and reasonable valuation range of N$8.95 to N$9.45 as per the E&Y Fair and Reasonable opinion included in the circular, is available on the this website.


Apr 2019
10:43 am

Circular Notice to Shareholders
Posted:25 Apr 2019 at 10:43 am

Further to the cautionary announcement released on the Stock Exchange News Service of the Namibian Stock Exchange on 12 December 2018, the subsequent renewal of the Cautionary Announcement released on NENS on 23 January 2019 and 1 March 2019 and the announcement released on NENS on 11 April 2019. A combined circular has been issued today by Bidvest Namibia Limited and the Bidvest Group to a conditional Take-over offer in terms of sections 320 – 327 of the Companies Act….


Apr 2019
5:45 am

Binding Conditional Offer for take-over
Posted:11 Apr 2019 at 5:45 am

The shareholders of Bidvest Namibia are informed that on 10 April 2019, Bidvest Namibia received a Binding Conditional Offer (“”Offer”) from Bidvest Group, the majority shareholder of Bidvest Namibia, to acquire all of the shares held by the minority shareholders in Bidvest Namibia (“Bidvest Namibia Shareholders”) at 10.50 per share, which Offer will be subject to inter alia the successful passing of the De-listing Resolution as set out in the conditions, together with the take-over statement and Offer amounts to a takeover scheme.


Latest Financial Publications

Interim Results 2018-19
Investors Presentation Full year results 2018
Financial Results 2018
Interim Results 2017-18
Investor Presentation 2018
Financial Results 2017

Recent News

Contact Us

1 Ballot Street, Windhoek, Namibia

PO Box 6964, Ausspannplatz, Windhoek, Namibia

+264 61 417 450

+264 61 229 290


Office Hours:

Mon- Fri: 08:00 - 17:00


+264 61 433 825 (HR - CISP)

+264 64 275 509 (HR – Manica)

+264 61 293 2000 (HR – T&C)

+264 61 292 400 (HR – Novel Motor)

Type in the security code:

All correspondence from this form is treated as confidential.
If required we will respond to your query within 24 hours.