Bidvest Namibia Acknowledges its social responsibility towards communities in which it operates and deserving institutions at large. Each Bidvest Namibia contributor is responsible for delivering results in line with the overall Bidvest Namibia strategy. This philosophy of respect for local autonomy means that Corporate Social Investment (CSI) initiatives are undertaken at corporate, divisional and business unit level.
Bidvest Namibia’s social investments tend to focus on education, health (including HIV/Aids), job creation, economic empowerment, community support and poverty alleviation. Bidvest Namibia’s commitment in Namibia is symbolized through the Bidvest Namibia Community Trust, through Ovanhu, which owns 13% of Bidvest Namibia Shares and the Namsov Community Trust which owns 10% of Namsov Fishing Enterprises.
We also have the Bidvest Namibia Enterprise Development Fund which assist SME’s. The mission of the trusts is to promote the well-being of the individuals and communities by giving them a chance to sound development.
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Notice is hereby given that a final cash dividend of 10 cents per share has been awarded to members recorded in the register of the Company at the close of business on Friday, 5 October 2018.
Shareholders are advised that the last day to trade “cum” the distribution will be Friday, 28 September 2018. The shares will trade “ex” the distribution as from Monday, 1 October 2018 and the record date will be Friday, 5 October 2018. Payment will be made on Friday, 19 October 2018.
Further to earlier announcments, shareholders are advised to exercuise caution when dealing in the Bidvest Namibia securities until finalisation announcement is made.
Bidvest Namibia anticipates basic earnings per share (EPS) to be down between 177% and 182% and headline earnings (HEPS) for the year ended June 2018 to be down between 80% and 85% on the previous corresponding period. The decrease results from capital losses. profit on sale of assets and costs related to the disposal of Bidfish.
Pursuant to the cautionary announcements by Bidvest Namibia published on NENS dated November 8 2017, December 20 2017, January 31 2018, March 14 2018, April 25 2018 and June 6 2018, shareholders are advised that Bidvest Namibia, through its wholly owned subsidiary Bidvest Namibia Property Holdings (Proprietary) Ltd (“Bidvest Namibia Property”) has acquired the remaining issued share capital of Namsov Industrial Properties (Proprietary) Ltd (“NIP) and United Fishing Enterprises (Proprietary) Ltd (“UFE”), as at the effective date, subject to the terms and conditions as set out herein (“the transaction”).
More information in the attached PDF.