The annual Bidvest Namibia Leadership conference was held in Windhoek last week with some 115 participants attending. The conference featured various speakers and activities including a talk on dealing with stress the current Bidvest financial position and an in-depth overview of the macro-economic forces effecting the Namibian economy, by economist and newspaper owner Daniel Steinmann.
It was the third presentation by the Namibian University of Science and Technology’s FABlab group that had many participant glued and riveted in their seats. With an actual 3D printer and other gadgets on display, Kirstin Wiedow, took the group through a glimpse of some of the amazing technological advances. According to Wiedow the rapid technological advances are based on the concept of “disruptive innovation”. She explained that disruptive innovation requires people to turn the norm upside down. “We were always told to think outside the box for new innovations, but now disruptive innovation throws the box away and comes up with a completely different, often thought of as impossible, solutions.”
As part of the group-work activities, the participants were challenged to come up with a new company, products or service that could be implemented tomorrow and be a differentiating factor in the current market place and economic conditions. Inspired by the previous presentations the participants came up with various service improvements of which many were focused on convenience to the customer by providing additional services online, consolidating others for a seamless experience and even a automated window cleaning robot for skyscrapers called Gecko.
The last session featured Namibia businesswoman, Twapewa Kadhikua, who gave an inspiring talk on entrepreneurship by telling her life story and the lessons she learned while building her business empire from the humble beginnings of hairdressing and braiding. In his opening and closing statements, Bidvest Namibia CEO, Sebby Kankondi urged the participants to work together as a team. “In these difficult times we must support and assist each other in order for group to grow. If we pool these strengths together as a team we are so much stronger and agile in overcoming any challenge that we may face.”
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.
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
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.
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….