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.
Further to the cautionary announcements dated November 8 2017, December 20 2017, January 31 2018, March 14 2018 and April 25 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 the Company’s securities until further announcements are made.
The Board of Bidvest Namibia hereby announces the appointment of Mr. Mark Steyn to the Board of Directors effective May 23, 2018.
The Board of Bidvest Namibia announces that Ms. Theresa Weitz will be resigning as executive director effective March 6, 2018. Bidvest Namibia would like to thank Ms. Weitz for her valued contribution to the company.
Bidvest Namibia anticipates basic earnings per share (EPS) to be up between 28% and 33% and headline earnings (HEPS) for the half-year ended December 31 2017 to be down between 127% and 132% on the previous corresponding period.