A second Ford showroom, Bidvest Windhoek Ford was officially opened in Windhoek last week. During the high profile event, a new financial service, an initiative of Ford Credit South Africa and Standard Bank Namibia was launched. The financial service will be known as “Ford Finance” in Namibia and provides customers with a seamless vehicle finance experience at attractive rates when they purchase their dream vehicle.
Nicolai Celento, Acting Dealer Principal of Novel Ford and Bidvest Windhoek Ford said the opening of a satellite showroom in Windhoek is an expansion of the Ford brand in Windhoek, “because of the rapid rate at which Windhoek has been growing.” He added that the opening of the showroom gives customers a choice of viewing, test driving and purchasing the Ford brand from one of two locations at opposite ends of Windhoek.
Senior officials within Ford Motor Company South Africa and Sub Saharan Africa, Standard Bank South Africa, Standard Bank Namibia, Ford Credit South Africa and Sub Saharan Africa, Bidvest Automotive and Bidvest Namibia attended the event.
Tomorrow, on Friday, 13 October, an Open Day will be held at the new Bidvest Windhoek Ford showroom and clients, prospects and the general public are invited to test drive vehicles on display and enjoy boerewors rolls and soft drinks. Kosmos 94.1 will broadcast from the new premises from 12:00 to 15:00. The aim of the event is increase footfall to the new premises and to entrench the location of the newest Ford showroom in Namibia.
For more information on the new Bidvest Windhoek Ford showroom, contact the Marketing Manager, Novel Motor Company on 061 -292 4061.
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.
Shareholders of Bidvest Namibia are informed that Bidvest Namibia has received a intended binding offer from Bidvest Group, the majority shareholder of Bidvest Namibia, in terms of which Bidvest Group intends to make an offer to acquire all of the outstanding ordinary shares in Bidvest Namibia not currently held by Bidvest Group, by way of a take-over scheme. The amount offered in terms of the Intended Conditional Offer is a cash only consideration of N$10.50 per Offer Share, subject to the successful passing of the De-listing Resolution as set out in paragraph 2 below.
Investors are referred to the NENS announcement released on August 31, 2018 relating to the finalization announcement of the sale by Bidvest Namibia of the entire issued capital of Bidvest Fisheries Holdings to Tuncar Fisheries. The results of Bidfish have been presented as discontinued.
Further to the cautionary announcement dated December 12, 2018, shareholders are advised that the Company has entered into discussions, which if successfully concluded, may have a
material effect on the price of the Company´s securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in Bidvest Namibia´s securities until a final announcement is made.