Woker Freight Services and Lubrication Specialists participated in the 2019 Mining Expo last week. As usual the expo draws mining clients and suppliers for networking purposes and innovation. Most of the mines were represented and a wide variety of mining service and product suppliers vied for the attention of the mining clients. Apart from WFS and Lubs, there were only one or two other logistics and lubricants suppliers to compete with. The expo also featured discussions on the current state, challenges and future of the Namibian mining industry.
“The Mining Expo is always a wonderful opportunity to catch up with clients and create new connections with mining entities, stakeholders and suppliers alike. We had a great time, and it is absolutely worth it and necessary being at the expo. It is the ideal networking setting for this industry,” said Philip Coetzee, GM of WFS. The WFS and Lubs stands were quite popular. Apart from the engaging teams manning the stalls the freshly brewed coffee, aromatic popcorn, competitions and vibrant vibe of the stalls drew quite a number of visitors.
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….
The shareholders of Bidvest Namibia are informed that on 10 April 2019, Bidvest Namibia received a Binding Conditional Offer (“”Offer”) from Bidvest Group, the majority shareholder of Bidvest Namibia, to acquire all of the shares held by the minority shareholders in Bidvest Namibia (“Bidvest Namibia Shareholders”) at 10.50 per share, which Offer will be subject to inter alia the successful passing of the De-listing Resolution as set out in the conditions, together with the take-over statement and Offer amounts to a takeover scheme.
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.