One of the Namibia fishing industry’s stalwarts and pioneers, MD of Namsov, Jan Arnold, has decided to go on retirement. Arnold started working for Namsov in May 1996 as a vibrant young Financial Manager exactly 20 years ago. In October 1997, he became General Manager: Namsov Group Support Services and was subsequently appointed as the Managing Director of Namsov Fishing in March 2001. The skill and passion in which he steered the com
pany brought Namsov the success it enjoys today.
In a media release, Bidvest Namibia CEO, Sebby Kankondi expressed his gratitude for Arnold’s dedication and skillful management of the Namsov group adding that “these are qualities which are well imparted into the DNA of Namsov Fishing Enterprises. As a leader in not only the company and but also the in the fishing industry, he accomplished phenomenal growth and performance at all levels. For this the shareholders, the board, management and staff applaud his sound expertise,” he noted.
Kankondi said the company is facing some of its greatest opportunities and new frontiers. “What we have accomplished over the past decades is commendable, and I know we have the energy in us to continue and build on what Jan and his team had put in place. I am excited about our people, I am energized by our ability to change and grow and I look forward to the success which lies ahead,” he said.
Kankondi also thanked Arnold for what he termed “chartering the spirit of Namibianisation in Namsov and for pioneering the sharing of commercial value with Namibian communities. We applaud his immense contribution to Namsov’s huge social investment footprint in Namibia.”
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.