The Pandula Trust was formed by Bidvest Namibia employees to provide community support in the form of Angel Deeds. During this festive season the Trust provided children of the Promiseland Pre-school in Tutaleni, Walvis Bay with school clothes, shoes and stationary. Pandula then took the road along the Kuiseb river to the Topnaar community, about 35 km from Walvis Bay to deliver the Grade 1 school starter packs to the !Khuiseb Arise and Shine Kindergarden and Pre-School. Some of the other Angel Deeds included identifying children in need of special educational goods, assisting with the SPCA’s veterinary account and supporting a Grade 12 school leaver from a local foster home to guide her on a career path! With its Angel Deeds at hospitals, Pandula assisted two single mothers who were tending to their sick babies at the state hospital. The one mother was also the victim of a shack fire and had lost most of her belongings. Pandula assisted each of these mothers with grocery vouchers worth N$1,000 in addition to a bag full of baby necessitates. It’s the small acts of kindness that make the biggest impact.
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.
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.
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.
Bidvest Namibia hereby announces the unwinding of the Ovanhu and Endeni empowerment shareholding structures. Agreements were reached between Bidvest Group Limited (“Bidvest Group”), the majority shareholder in Bidvest Namibia, and the shareholders of Ovanhu and Endeni. In terms of these agreements Bidvest Group will acquire the entire share capital and all claims in Ovanhu and Endeni. Read the full details in the attached PDF.