During Bidvest Namibia’s annual leadership summit, on Wednesday, some 80 Monkey Thorn trees were given to each of the attending managers to plant as a way of contributing to the environment. In his address to the managers, CEO Sebby Kankondi compared Bidvest Namibia to this big and hardy Acacia species saying that “like the Monkey Thorn, Bidvest Namibia is resilient.”
“Bidvest Namibia grew rapidly over the years, and yes, there were highs and lows, yet we kept going. Despite having withdrawn from the fishing sector, Bidvest Namibia still remains a strong contributor to the Namibian economy and job creation. We care for and protect our employees, because we know without them there is no growth.”
“The Monkey Thorn is not a victim. It does not feel sorry for itself. It does not complain. It just grows and gives the best it can. Bidvest Namibia is not a victim of the recession. Bidvest Namibia does not feel sorry for itself, nor do we complain. Bidvest Namibia is focused on ensuring that we give the best product and service that we can. That we are constantly alert for opportunities to be innovative and to grow,” said Kankondi.
Kankondi told attendees to plant their trees in any location. “In your garden, at your office, in a park, at a school or church, where ever you can plant a tree and know that you planted a tree under whose shade you do not expect to sit one day.”
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….