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 is hereby given that a final cash dividend of 10 cents per share has been awarded to members recorded in the register of the Company at the close of business on Friday, 5 October 2018.
Shareholders are advised that the last day to trade “cum” the distribution will be Friday, 28 September 2018. The shares will trade “ex” the distribution as from Monday, 1 October 2018 and the record date will be Friday, 5 October 2018. Payment will be made on Friday, 19 October 2018.
Further to earlier announcments, shareholders are advised to exercuise caution when dealing in the Bidvest Namibia securities until finalisation announcement is made.
Bidvest Namibia anticipates basic earnings per share (EPS) to be down between 177% and 182% and headline earnings (HEPS) for the year ended June 2018 to be down between 80% and 85% on the previous corresponding period. The decrease results from capital losses. profit on sale of assets and costs related to the disposal of Bidfish.
Pursuant to the cautionary announcements by Bidvest Namibia published on NENS dated November 8 2017, December 20 2017, January 31 2018, March 14 2018, April 25 2018 and June 6 2018, shareholders are advised that Bidvest Namibia, through its wholly owned subsidiary Bidvest Namibia Property Holdings (Proprietary) Ltd (“Bidvest Namibia Property”) has acquired the remaining issued share capital of Namsov Industrial Properties (Proprietary) Ltd (“NIP) and United Fishing Enterprises (Proprietary) Ltd (“UFE”), as at the effective date, subject to the terms and conditions as set out herein (“the transaction”).
More information in the attached PDF.