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 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….