Mark John Steyn was appointed the Bidvest Group CFO after the previous Group CFO, Peter Meijer, Bidvest Group CFO, went on retirement earlier this year. Steyn, who is a CA (SA), joined Bidvest in May 1997 and has held various financial positions within Bidvest Freight. Since 2012, Mark held the position of chief financial officer of Bidvest Freight before being appointed to the Bidvest Group board as Group Chief Financial Officer on 1 March 2018. Mark now also serves on all the South African divisional boards and audit committees.
The board and the entire Bidvest family, expressed their gratitude to Peter for his 28 years of dedicated and valued service as well as his significant contribution to the growth and development of Bidvest.
The Bidvest Namibia board welcomes Mark to his new position, and looks forward to his ongoing contribution.
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.