Bidvest Namibia is a Namibian services, trading and distribution company listed on the Namibian Stock Exchange. We employ more than 2,500 people and our roots are firmly Namibian. In a big business environment we run our company with determination and commitment evident in a small business heart. We believe in empowering people, building relationships and improving lives. Entrepreneurship, incentivisation, decentralised management and communication are key ingredients to our success.
We subscribe to a philosophy of transparency, accountability, integrity, excellence and innovation in all our business dealings. We turn ordinary companies into extraordinary performers, delivering strong and consistent shareholder returns in the process. But most importantly, we understand that people create wealth, and that companies only report it.
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.
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 exercise caution when dealing in Bidvest Namibia’s securities until a final announcement is made.
Notice is hereby given that the 28th annual general meeting of members of Bidvest Namibia Limited will be held at 1 Ballot Street, Windhoek, Namibia at 1 0:00 on Tuesday, November 20 2018.