Bidvest equips learners with basic tools

Posted: 10 Aug 2017

Bidvest Namibia, in collaboration with subsidiary Waltons, visited Bet El Primary School in Katutura on Monday to hand over a gift of much-needed stationery to the school’s nearly 800 learners. The donation comprises 800 erasers – one for each learner – and 500 stationery packs.

“The current financial crunch has compelled everyone to tighten their belts and forego some of the things we have taken for granted in the past,” said Andrea Calitz, corporate public relations and media liaison of Bidvest Namibia.

“Yet for many schools in less fortunate areas, this means going without basic educational amenities.”
“Bidvest Namibia is committed to creating opportunities, growing people and unlocking potential for the people of Namibia,” she continued.

“Education is one of the most vital tools to building a brighter future for every child. That is why, in these tough times, we believe that we have a responsibility to come alongside the Department of Education to do our bit to ensure that no learner goes without the basic tools he or she needs to learn.”







Notice Board

Sens Binding Conditional Offer for take-over

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.

Sens Bidvest Group take-over offer

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.

Sens Impact of Sale of Bidfish on EPS

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.

Sens Sens Cautionary

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.





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