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.
For enquiries: NCT Office: +26461 423 400 / firstname.lastname@example.org
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.
Investors are referred to the NENS announcement released on August 31, 2018 relating to the finalization announcement of the sale by Bidvest Namibia of the entire issued capital of Bidvest Fisheries Holdings to Tuncar Fisheries. The results of Bidfish have been presented as discontinued.
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.