New showroom for Novel

Posted: 21 Oct 2017

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.







Notice Board

Sens Timing of implemention of Bidvest Group Offer

Shareholders of Bidvest Namibia are referred to the circular to Bidvest Namibia Shareholders containing details of a conditional take-over by the Bidvest Group to Bidvest Namibia Shareholders, to acquire all remaining Bidvest shares not owned by the Bidvest Group by way of a take-over scheme (‘offer’). Subsequent to the acceptance of the Delisting Resolution by the requisite majority, the offer has been declared unconditional by the Bidvest Group  and has become effective, irrevocable an open for acceptance during the Acceptance Period.

Sens Results of General Meeting: Declaration of withdrawl

Further to the cautionary announcement released on the Stock Exchange News Service (“NENS”) of the Namibian Stock Exchange (“NSX”) on 12 December 2018, the subsequent renewal of the Cautionary Announcement released on NENS on 23 January 2019 and 1 March 2019 and the announcements released on NENS on 11 April 2019 and 25 April 2019.  Shareholders are hereby advised that the requisite majority of Bidvest Namibia shareholders eligible to vote, have approved the delisting. In terms of this passed resolution, the listing of all the Bidvest Namibia Shares of
Bidvest Namibia on the Main Board of the NSX be suspended and terminated with effect from 11 June 2019 or at such times and such dates as will be approved in accordance with the Bank of Namibia and by the NSX

Sens E&Y – Fair and Reasonable Opinion Supplementary Information

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.

Sens Circular Notice to Shareholders

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….





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