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.”
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….