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28-Nov-2017
(Official Notice)
17-Nov-2017
(Official Notice)
Sibongile Masinga has resigned as a member of the Audit committee and has been appointed as a member of the Risk and Social - Ethics committees. These changes are effective immediately.



It is advised, that as a consequence of the aforementioned changes, Ordinary Resolution 3.2 as contained in the Notice of the AGM to be held on Monday, 27th November 2017 at 10H00, is withdrawn and will not be voted on.



27-Oct-2017
(Official Notice)
Shareholders are advised that the notice of the annual general meeting (?AGM?) was distributed to shareholders today, Friday, 27 October 2017. The record date to determine which shareholders are entitled to receive the notice of AGM is Friday, 20 October 2017. The company?s Annual Financial Statements, Annual Integrated report and Governance report for the year ended 30 June 2017, is available to be viewed/downloaded on the company?s website (www.Bidvest.com). A printed version can be requested from the office of the company Secretary ? info@bidvest.co.za or +27 11 7728732.



The Annual Financial Statements contain no modifications to the audited provisional summarised financial results, which were published on 28 August 2017. The Annual Financial Statements of the company and the Group and the Deloitte - Touche audit report are available for inspection at the registered office of the company.



Notice is hereby given that the AGM of the company will be held at 10:00 on Monday, 27 November 2017, at Third Floor, Bidvest House, 18 Crescent Drive, Melrose Arch, Johannesburg, 2196, to transact business as stated in the notice of the AGM.



The record date for shareholders to attend, participate in and vote at the AGM is Friday, 17 November 2017. Accordingly, the last day to trade to attend, participate in and vote at the AGM is Tuesday, 14 November 2017.
12-Oct-2017
(Official Notice)
Shareholders are advised that at the annual general meeting (?AGM?) of Bidvest held on 28 November 2016, shareholders approved and passed a special resolution in terms of Section 45 of the Companies act of 2008, as amended (?the Act?) authorising the Company to provide financial assistance to among others, related or inter-related companies or corporations of the Company.



Section 45(5) of the Act requires a company to provide written notice to shareholders of the adoption of a board resolution to provide financial assistance, if the value and/or obligations of the financial assistance so contemplated together with any previous such resolutions during the financial year, exceeds one-tenth of 1% of the company?s net worth at the time of the resolution.



In order to give effect to the treasury requirements of the Bidvest group from time to time, guarantees and suretyships are issued to third parties for finance and other facilities granted by those third parties to group subsidiary companies.



Accordingly, the Bidvest board has adopted a resolution on 22 September 2017 authorising the Company to provide direct or indirect financial assistance pursuant to the Suretyship signed with Nedbank Limited for the provision of general banking facilities to certain group subsidiary companies to the maximum value of R3 455 000 000.



The board has confirmed that, after considering the reasonable foreseeable financial circumstances of the Company, it is satisfied that, immediately after providing such financial assistance, the Company would satisfy the solvency and liquidity test, as contemplated in terms of Section 4 of the Act and that the terms under which such financial assistance was given were fair and reasonable to the Company.

22-Sep-2017
(Official Notice)
Shareholders are advised that in accordance with paragraph 16.20 (g) and Appendix 1 to Section 11 of the JSE Listing Requirements, the company?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Empowerment Amendment Act 46 of 2013, has been published and is available on the company?s website at www.bidvest.com
28-Aug-2017
(C)
Revenue for the year went up 4% to R71.0 billion (R68.2 billion). Gross income was 3.8% higher at R20.7 billion (R19.9 billion). Operating profit shot up 55.2% to R6.9 billion (R4.4 billion). In addition. headline earnings per share grew 5.1% to 1 108.2 cents per share (1 1054.1 cents per share).



Dividend

In line with the Group dividend policy, the directors have declared a final gross cash dividend of 264 cents 211.2 cents net of dividend withholding taxation, where applicable) per ordinary share for the year ended 30 June 2017 to those members registered on the record date, being Friday, 22 September 2017.



Company prospects

Current economic data points to moderately improving economic conditions. This trend is supported by higher commodity prices and improving consumer confidence as evidenced by the latest retail statistics. Accordingly, we expect trading conditions to improve marginally in the coming year.



Against this background, a continued strong focus on expense control and asset management remain essential ingredients to ensure outperformance through the business cycles.



The Group will continue to actively explore selective acquisitive opportunities in local and international markets, to complement existing product and service offerings. Bidvest maintains a sound financial position and a strong balance sheet with adequate headroom to support its aspirations in this regard. The monetisation of the remaining non-core assets will continue.
22-Aug-2017
(Official Notice)
Shareholders are referred to the voluntary announcement made by Bidvest on 31 July 2017 regarding the acquisition of Noonan by Bidvest. Bidvest announced that all conditions precedent have been met and the acquisition is now unconditional and has been finalised. Bidvest welcomes management and staff of Noonan to the Proudly Bidvest Family.
21-Aug-2017
(Official Notice)
Bidvest is currently finalising its financial results for the year ended 30 June 2017. These results are expected to be released on SENS on or about 28 August 2017. Bidvest?s HEPS from continuing operations is expected to be between 4% - 6% (1096 cents - 1117 cents) higher than the 1054 cents reported in the prior comparative period.



Bidvest?s basic EPS from continuing operations is anticipated to be 100% - 110% (1386 cents - 1455 cents) higher than the 693 cents reported in the prior comparative period. The difference in the increase between HEPS and EPS is primarily due to fair value capital gains arising from an increase in the market values of associate companies Adcock Ingram Holdings Ltd. and Comair Ltd.
18-Aug-2017
(Official Notice)
Bidvest announces the resignation of Mr Brian Joffe as non-executive director of the company, with immediate effect.
02-Aug-2017
(Official Notice)
Bidvest announces the appointment, with immediate effect, of Carol Winifred Nosipho Molope (Nosipho) as an independent non-executive director; to the Bidvest board.



31-Jul-2017
(Official Notice)
14-Jun-2017
(Official Notice)
Following Moody's Investors Service (?Moody?s? or ?the agency?) rating action on the South African sovereign on Friday, June 9 2017, the agency on 13 June 2017 downgraded Bidvest?s credit rating as it is constrained by the sovereign rating.



Summary of rating actions:

Moody?s lowered the global scale long and short-term counterparty credit ratings on Bidvest to Baa3/P-3 from Baa2/P-2. The outlook remains negative. Bidvest?s national scale rating has remained unchanged at Aa1.za/P-1.za
08-Jun-2017
(Official Notice)
Shareholders and interested parties are advised that Bidvest will be hosting investor sessions and a pre-close operational update today at 10:00 (SA time). An audio recording will be available for replay, shortly after the event, at www.bidvest.co.za.



Trading environment

Post the expected improved trading environment in 3QFY17, market conditions have deteriorated as reflected in lowered business and consumer confidence. In view of the volatile socio-political outlook and the weaker than expected macro-economic environment, we now expect more challenging trading conditions for the rest of calendar 2017. With many government departments, State Owned Enterprises and parastatals in flux, the finalising and closing of contracts is challenging. Against this backdrop, trading results to date have been satisfactory. The quality of earnings remains high.



The annuity income type businesses delivered solid results, while those inherently linked to construction and infrastructure development have done well to hold their own. The lack of industrial project related work is weighing on some businesses. Demand is subdued in the Automotive and Office - Print divisions. Significantly reduced fishing quotas remain an ongoing concern in Bidvest Namibia. Mark-to-market gains on the investment portfolio and improved results from the larger associate companies, which are reported in the Corporate office, have been pleasing.



Costs remain well controlled and asset management is to be commended. A material capex investment in fuel tanks in Richards Bay has been completed and commissioned. The construction of additional multi-purpose tanks is currently on the go. Bidvest remains committed to monetising its non-core assets in a value-accretive and responsible manner. Discussions are ongoing. During April 2017, Bidvest disposed of some Bidcorp shares.



Prospects

The macroeconomic environment is South Africa remains a major concern. Bidvest?s financial position remains sound and cash generation continues to be strong. Our ongoing strategy of acquiring bolt-on companies that add additional value to existing Bidvest entities is continuing. We retain adequate headroom to accommodate larger acquisitive and organic expansion opportunities, which we are actively seeking, both locally and internationally.
27-Feb-2017
(C)
Following the unbundling and separate listing of the Group?s foodservice businesses as Bid Corporation Ltd., the Group?s condensed consolidated income statement, condensed consolidated statement of cash flows and condensed segmental analysis have been re-presented to take into account of the effects of the application of IFRS 5 Non-current Assets Held For Sale and discontinued operations.



Turnover for the interim period increased by 2% to R47.2 billion (2015: R46.3 billion). Revenue was 4.1% higher at R36.0 billion (2015: R34.6 billion). Operating profit rose by 21.7% to R3.0 billion (2015: R2.4 billion). Profit attributable to shareholders of the company from continuing operations grew by 41.2% to R2.0 billion (2015: R1.4 billion). Furthermore, headline earnings per share from continuing operations increased by 4.4% to 510.3 cents per share (2015: 489.0 cents per share).



Dividend

In line with the Group dividend policy, the directors have declared an interim gross cash dividend of 227 cents (181.6000 cents net of dividend withholding tax, where applicable) per ordinary share for the six months ended 31 December 2016. The interim dividend is not comparable to the prior year interim dividend, which was declared as part of the larger Bidvest Group, prior to the unbundling of the foodservice businesses.



Prospects

It is anticipated that current trading conditions will continue for the remainder of the year, although a gradual improvement is anticipated, supported by drought relief and improved business confidence.



Expense control and asset management remain essential pillars of our high-performance philosophy and will continue to be closely monitored.



The Group is continuously assessing and implementing plans for real growth and pursuing selective local and international opportunities to complement existing product and service offerings. This growth drive is supported by Bidvest?s sound financial position and strong cash generation, which provides adequate headroom to accommodate expansion opportunities.

13-Feb-2017
(Official Notice)
Bidvest is currently finalising its interim results for the period ended December 31 2016. The interim results are expected to be released on SENS on Monday, February 27 2017.



Headline earnings per share for continuing operations is expected to be between 508 to 512 cents per share, relative to 489 cents per share for the prior comparative period, which represents an increase of between 4% - 5%.



Bidvest?s basic earnings per share for continuing operations is anticipated to be 37% - 42% higher than the prior comparative period of 420.9 cents per share and is expected to be between 580 to 595 cents per share for the six months ended December 31 2016. The difference in the increase between basic earnings and headline earnings per share is primarily due to fair value capital gains arising from an increase in the market values of associate companies, Adcock Ingram Holdings Ltd. and Comair Ltd.
29-Nov-2016
(Official Notice)
28-Nov-2016
(Official Notice)
Bidvest shareholders are advised that at the Annual General Meeting of members held on Monday, November 28 2016, all the ordinary and special resolutions as proposed in the Notice of the Annual General Meeting were approved by the requisite majority of members.
16-Nov-2016
(Official Notice)
In the spirit of good corporate governance it has been decided to provide all stakeholders of Bidvest additional information relating to the external audit fees paid to the service providers for the year ended June 30 2016.



It is noted that the detailed information provided is not required to be disclosed in terms of the Companies Act 71 of 2008, as amended, JSE Regulations, IFRS and King III and is a voluntary disclosure by Bidvest, detailed in the relevant SENS note.



The Group Audit Committee have, as required in terms of Section 94 of the Companies Act, reviewed the independence of the external auditors, and determined the auditors? remuneration. The Group Audit Committee also pre-approves all non- audit services, and considered these services during their assessment of the auditors? independence. The Group Audit Committee has assessed the quality of the audit to ensure reasonable and appropriate remuneration.
28-Oct-2016
(Official Notice)
Shareholders are advised that the notice of the annual general meeting (?AGM?) was distributed to shareholders today, Friday, October 28 2016. The record date to determine which shareholders are entitled to receive the notice of AGM is Friday, October 21 2016. The Company?s Annual Integrated Report for the year ended June 30 2016, which incorporates the annual financial statements is available to be viewed/downloaded on the Company?s website (www.Bidvest.com). A printed version can be requested from the office of the Company Secretary ? info@bidvest.co.za or +27 11 7728732.



The annual financial statements contain no modifications to the reviewed provisional results, which were published on August 29 2016. The annual financial statements of the company and the Group and the Deloitte - Touche audit report are available for inspection at the registered office of the Company.



Notice is hereby given that the AGM of the Company will be held at 10:00 on Monday, November 28 2016, at Third Floor, Bidvest House, 18 Crescent Drive, Melrose Arch, Johannesburg, 2196, to transact business as stated in the notice of the AGM. The record date for shareholders to attend, participate in and vote at the AGM is Friday, November 18 2016. Accordingly, the last day to trade to attend, participate in and vote at the AGM is Tuesday, November 15 2016.
29-Aug-2016
(C)
Turnover for the year grew by 3.5% to R91.8 billion (R88.6 billion). Trading profit rose by 3.0% to R5.8 billion (R5.6 billion) whereas operating profit took a 17.4% knock to R4.4 billion (R5.4 billion). Profit for the year attributable to shareholders from continuing operations lowered to R2.3 billion (R3.2 billion). In addition, headline earnings per share from continuing operations improved by 2.5% to 1 054.1 cents per share (1 028.9 cents per share).



Dividend

In line with the Group dividend policy, the directors have declared a final gross cash dividend of 232 cents (197.2000 cents net of dividend withholding tax, where applicable) per ordinary share for the year ended June 30 2016 to those members registered on the record date, being Friday, September 23 2016. This brings the total dividend for the year to 714 cents per share (909 cents). The full dividend for the year needs to be viewed in the context of the interim dividend of 482 cents which was paid as part of the larger Group, prior to unbundling.



Prospects

Bidvest?s internal divisional restructuring and the unbundling of the food services unit, has positioned the Group well for its next growth phase. Bidvest?s management teams, which are unchanged following the restructuring initiatives, remain focused on moving their respective divisions further up the value curve.



The Group?s financial position remains sound, cash generation is strong and it retains adequate headroom to accommodate expansion opportunities. At corporate and operational level, management is assessing and implementing plans for real growth and pursuing selective local and international opportunities to complement the existing product and service offering. The Group's Other Assets and Investments will also be very closely scrutinised and decisions will be taken on the best way forward for these assets.



As one of South Africa?s largest employers and a significant investor in the local economy, Bidvest shares the concerns that have been raised by business leadership relating to the ongoing disruption of some of its country?s most important economic institutions. Bidvest appeals for a rapid resolution of this current state of affairs.
05-Aug-2016
(Official Notice)
Bidvest informs shareholders that Mr Paul Cambo Baloyi has resigned from the board with immediate effect in order to pursue his own endeavours.
20-Jun-2016
(Official Notice)
Shareholders are referred to the SENS announcement made by Bidvest on May 27 2016 regarding the reconstitution of the board committees as a result of the unbundling of the food business from Bidvest. The following corrections are made to the announcement of May 27 2016, as follows:

- Mrs Cecilia Wendy Lorato Phalatse becomes a member of both the Risk committee and Social - Ethics committee. All other members of these committees, as announced, remain unchanged; and

- Mr Erick Kevin Diack becomes a member of the remuneration committee and not Mr Nigel George Payne, as previously announced. All other members of this committee remain unchanged.
17-Jun-2016
(Official Notice)
15-Jun-2016
(Official Notice)
Further to the announcement released by Bidvest on the Stock Exchange News Services of the JSE on June 14 2016 regarding the launch of an accelerated bookbuild placing (?the Placing?) of ordinary shares in Bid Corporation Ltd. (?BidCorp?), Bidvest announced that the Placing was successfully priced on June 14 2016 and 18 419 929 BidCorp ordinary shares were placed with qualifying institutional investors at a price of ZAR235.00 per ordinary share (?Placing Price?). The book was substantially oversubscribed. The Placing Price represents a discount of 6.0% to the closing price of BidCorp ordinary shares on June 14 2016.
14-Jun-2016
(Official Notice)
30-May-2016
(Permanent)
Bidvest unbundled its shares in BidCorp in the ratio of 1:1 on Monday, 30 May 2016.
31-May-2016
(Official Notice)
30-May-2016
(Official Notice)
As a result of the unbundling of the food business from Bidvest, the board has resolved to reconstitute the board committees, with immediate effect, as follows:



Audit committee:

*Nigel George Payne ?Chairman;

*Paul Cambo Baloyi ? member;

*Eric Kevin Diack ? member;

*Sibongile Masinga ? member.



Risk committee:

*Paul Cambo Baloyi - Chairman;

*Nigel George Payne ? member;

*Alexander Komape Maditsi - member

*Nompumelelo (Mpumi) Themekile Madisa - member;

*Gillian Claire McMahon - member;

*Hans Peter Meijer - member;

*Lindsay Peter Ralphs - member;

*Tania Slabbert ? member.



Social - Ethics committee:

*Paul Cambo Baloyi - Chairman;

*Nigel George Payne ? member;

*Alexander Komape Maditsi - member;

*Nompumelelo (Mpumi) Themekile Madisa - member;

*Gillian Claire McMahon - member;

*Hans Peter Meijer - member;

*Lindsay Peter Ralphs - member;

*Tania Slabbert ? member.



Remuneration committee:

*Douglas Denoon Balharrie Band ? Chairman;

*Alexander Komape Maditsi ? member;

*Sibongile Masinga ? member;

*Cecilia Wendy Lorato Phalatse ? member;

*Nigel George Payne? member.



Nominations committee:

*Cecilia Wendy Lorato Phalatse ? Chairman;

*Eric Kevin Diack ? member;

*Tania Slabbert ? member.



Acquisitions committee:

*Douglas Denoon Balharrie Band ? Chairman;

*Paul Cambo Baloyi ? member;

*Eric Kevin Diack ? member;

*Hans Peter Meijer - member;

*Nigel George Payne? member.

*Lindsay Peter Ralphs ? member.



23-May-2016
(Official Notice)
Shareholders of Bidvest (?Shareholders?) are referred to the announcement released on the Stock Exchange News Service on April 14 2016 and published in the press on April 15 2016 in relation to the proposed listing and subsequent unbundling by Bidvest of its foodservices business on the main board of the JSE Ltd. (?the Unbundling?).



Shareholders are advised that the final suspensive condition in terms of the Unbundling, requiring Bidvest to obtain a compliance certificate from the Takeover Regulation Panel in terms of section 121(b)(i) of the Companies Act, No.71 of 2008, as amended, has now been fulfilled.



Changes to the Board of directors

Shareholders are further advised as a consequence of the

Unbundling and in terms of paragraph 3.59 of the Listings Requirements of the JSE Ltd., the following changes to the board of directors of Bidvest (?Board?) are made:

* The retirement of Mr Brian Joffe as Chief Executive of Bidvest. Mr Joffe will continue to serve on the Board as a non-executive director;

* The appointment of Mr Lindsay Peter Ralphs as Chief Executive of Bidvest;

* The resignation of Mr Bernard Larry Berson as executive director; and

* The resignation of Mr David Edward Cleasby and the appointment of Mr Hans Peter Meijer, as an executive director and Group Financial Director.



The above changes to the Board are effective from May 23 2016.
19-May-2016
(Official Notice)
Following shareholder approval and in accordance with the 1 for 1 unbundling terms for BidCorp Ltd (South Africa, ZAE000216537, BZBFKT7) by Bidvest Group (South Africa, ZAE000117321, 6100089) which is expected to become effective Monday 30 May 2016, the following index treatment is anticipated in the FTSE/JSE Africa Index Series:



Friday 27 May 2016 after close (i.e. effective from open Monday 30 May 2016)



BidCorp Ltd will be added to the same FTSE/JSE Indexes (including the FTSE/JSE Top 40 Index) of which Bidvest Group is an index constituent. There will be no index divisor changes.



Monday 30 May 2016 after close



FTSE/JSE will rank the constituents of all indexes with a fixed number of constituents by full market capitalisation as at close of business.



Eg. FTSE/JSE will rank the constituents of the FTSE/JSE Top 40 Index and the FTSE/JSE Mid Cap Index by full market capitalisation as at close of business. The lowest ranking FTSE/JSE Top 40 constituent will become a constituent of the FTSE/JSE Mid Cap and the lowest ranking constituent of the FTSE/JSE Mid Cap will, in turn, become a constituent of the FTSE/JSE Small Cap Index.



FTSE/JSE will issue a further notice to confirm these resulting changes.



Tuesday 31 May 2016 after close (i.e. effective from open Wednesday 01 June 2016)



Index changes (as notified after close Monday 30 May 2016) will be applied with resulting index divisor changes and become effective from Wednesday 01 June 2016.



Please note: as a result of the unbundling there will be 41 companies in the FTSE/JSE Top 40 Index between 30 May and 31 May 2016 inclusive.



FTSE/JSE will issue a further notice after close on Wednesday 25 May 2016 to confirm details for the various FTSE/JSE Africa Index series that will be impacted by this event.



Impact on the June 2016 FTSE/JSE Africa Index Series Quarterly Review:

The unbundling of BidCorp Ltd from Bidvest Group occurs after the review cut date and before the review outcome is published and hence the results of the corporate action may impact the June review, particularly for indices with a fixed number of constituents. The final review changes published on 1 June 2016 will incorporate the impact of the unbundling.
16-May-2016
(Official Notice)
Bidvest shareholders (?Shareholders?) are referred to the circular to Shareholders dated April 14 2016 (?Circular?) which sets out the details of the proposed listing by way of introduction of the entire issued share capital of BidCorp in the Food Retailers and Wholesalers sector of the main board of the JSE (?JSE?) (?the Listing?) and the proposed unbundling by Bidvest of all its shares in BidCorp to Shareholders by way of a distribution in specie (?the Unbundling?). Shareholders are advised that, at the general meeting of Shareholders held on May 16 2016 (?General Meeting?), convened in terms of the notice of the General Meeting contained in the Circular, the resolutions to approve, inter alia, the Unbundling, were passed by the requisite majority of Shareholders.



Details of the entitlement ratio

Bidvest will unbundle its shares in BidCorp in the ratio of 1 BidCorp share for every 1 Bidvest ordinary share held by a Shareholder on June 3 2016 (?Record Date?).



Salient dates and times

The table below sets out the remaining salient dates and times in relation to the Listing and the Unbundling:

* Last day to trade in Bidvest shares on the JSE to participate in Unbundling: Friday, May 27

* Listing of BidCorp from the commencement of business (JSE share code: BID and ISIN: ZAE000216537): Monday, May 30

* Bidvest shares trade ex entitlement to BidCorp distribution shares: Monday, May 30

* Announcement of specified ratio in respect of apportionment of costs/base costs of BidCorp for taxation/CGT purposes released on the Stock Exchange News Service of the JSE: Tuesday, May 31

* Announcement of specified ratio in respect of apportionment of costs/base costs of BidCorp for taxation/CGT purposes published in the press: Wednesday, June 1

* BidCorp shares unbundled to Bidvest Shareholders: Monday, June 6

* Shareholder's account with Central Securities Depository Participant or broker updated: Monday, June 6

* Shares may not be dematerialised or rematerialised between Monday, May 30 2016 and Friday, June 3 2016.
13-May-2016
(Official Notice)
11-May-2016
(Official Notice)
Ratings actions from Moody?s Investors Service

* Moody Investors Services upgrades Bidvest?s National Scale Rating to Aa1.za from A1.za

* Bidvest assigned a Baa2 local currency global scale long-term and Prime-2 (P-2) short-term issuer rating



Moody?s Investors Services (MIS) has informed Bidvest that following a revision of its National Scale Ratings (NSR) methodology for South Africa, MIS has recalibrated Bidvest?s national scale long-term issuer ratings up 3 levels to Aa1.za from A1.za.



MIS has also for the first time published Bidvest?s global scale ratings (GSRs). As a result, MIS has assigned Bidvest a Baa2 local currency global scale long-term and Prime-2 (P-2) short-term issuer ratings.



These actions follow the publication of MIS?s updated methodology "Mapping Moody's National Scale Ratings from Global Scale Ratings".



At the same time, as a consequence of the proposed unbundling of the foodservice businesses from Bidvest, MIS has assigned a negative ratings outlook pending a full analysis.



MIS said in its statement that the assignment of Baa2/P-2 local currency global scale issuer ratings reflects Bidvest?s:

* Strong operational and financial profile;

* Diversified sources of revenue across a range of businesses;

* Solid international footprint with a focus on Southern Africa, the UK and Europe, with an expanding presence in Asia, Australia, New Zealand, Middle East and Latin America;

* History of low financial debt leverage, with healthy interest cover and good cash flow generation in the context of the high volume, low margin nature of many of its activities; and

* Experienced management team with a successful track record of organic growth and growth through acquisitions, which have been effectively integrated into the Bidvest network where appropriate while being managed on a decentralized basis.
05-May-2016
(Official Notice)
20-Apr-2016
(Official Notice)
Shareholders of Bidvest (?Shareholders?) are referred to the announcement released on the Stock Exchange News Service on April 14 2016 and published in the press on April 15 2016 in relation to the proposed listing and subsequent unbundling by Bidvest of its foodservices business on the main board of the JSE (?the Unbundling?).



Shareholders are advised that the suspensive condition in terms of the Unbundling, requiring Bidvest to obtain a binding class tax ruling and a binding private tax ruling in terms of sections 78 and 79 of the Tax Administration Act, 2011, has now been fulfilled.



14-Apr-2016
(Official Notice)
22-Mar-2016
(Official Notice)
Bidvest regrets to inform shareholders that Mr Donald Masson (85) passed away on Sunday, March 20 2016 after a short illness. The board and management of Bidvest express their heartfelt condolences to Donald?s family.
02-Mar-2016
(Official Notice)
Shareholders are referred to Bidvest?s unaudited results for the half-year ended December 31 2015 released on SENS on 29 February 2016. The dividend declaration incorrectly referred to the first day to trade ex dividend as being Monday, March 4 2016, whereas it should have read Monday, April 4 2016.



Revised dividend declaration dates are as follows:

*Declaration date: Monday, February 29 2016

*Last day to trade cum dividend: Friday, April 1 2016

*First day to trade ex dividend: Monday, April 4 2016

*Record date: Friday, April 8 2016

*Payment date: Monday, April 11 2016



Share certificates may not be dematerialised or rematerialised between Monday, April 4 2016 and Friday, April 8 2016, both days inclusive.
29-Feb-2016
(C)
08-Feb-2016
(Official Notice)
Shareholders of Bidvest (?Shareholders?) are referred to the announcement released on the Stock Exchange News Service of the JSE Ltd. (?JSE?) on October 7 2015 (?the October 7 Announcement?) in terms of which Shareholders were advised that Bidvest was in the process of formalising the restructure of its business operations and management focus.



Further to the rationale set out in the October 7 Announcement and in order to provide Shareholders with the opportunity to participate directly in Bidvest?s foodservice operations (the ?Foodservice Business?), Bidvest intends to unbundle and separately list the Foodservice Business on the main board of the JSE (?the Proposed Transaction?).



The successful completion of the Proposed Transaction will be subject to conditions precedent, including approval by the relevant regulatory authorities.



If successfully concluded, the Proposed Transaction may have an effect on the price of Bidvest?s securities. Accordingly, Shareholders are advised to exercise caution when trading in Bidvest securities until a further announcement in this regard is made.
24-Nov-2015
(Official Notice)
23-Nov-2015
(Official Notice)
Bidvest shareholders are advised that Mr Alfred Anthony da Costa did not offer himself for re-election at the Annual General Meeting and as a result has resigned from the board of directors of Bidvest with immediate effect. Consequently ordinary resolution 2.3 was withdrawn.



Bidvest shareholders are advised that at the Annual General Meeting of members held on Monday, November 23 2015, all the ordinary (with the exception of ordinary resolution 2.3) and special resolutions as proposed in the Notice of the Annual General Meeting were approved by the requisite majority of members.
28-Oct-2015
(Official Notice)
Shareholders are advised that Bidvest hosted a number of investors and analysts today, 28 October 2015, in London where a series of presentations from operational management on the dynamics on each of the foodservice businesses were made. Copies of these presentations are currently available on Bidvest?s website at www.bidvest.co.za.
23-Oct-2015
(Official Notice)
Shareholders are advised that the notice of the annual general meeting (?AGM?) was distributed to shareholders on Friday, October 23 2015. The record date to determine which shareholders are entitled to receive the notice of AGM is Friday, October 16 2015. The Company?s Annual Integrated Report for the year ended June 30 2015, which incorporates the annual financial statements is available to be viewed/downloaded on the Company?s website (www.Bidvest.com). A printed version can be requested from the office of the Company Secretary ? info@bidvest.co.za or +27 11 7728732.



The annual financial statements contain no modifications to the audited results, which were published on August 31 2015. The annual financial statements of the company and the Group and the Deloitte - Touche audit report are available for inspection at the registered office of the Company.



Notice is hereby given that the AGM of the Company will be held at 08:30 on Monday, November 23 2015, at Third Floor, Bidvest House, 18 Crescent Drive, Melrose Arch, Johannesburg, 2196, to transact business as stated in the notice of the AGM. The record date for shareholders to be registered in the register of the Company for the purposes of being entitled to attend, participate in and vote at the AGM is Friday, November 13 2015.
07-Oct-2015
(Official Notice)
23-Sep-2015
(Official Notice)
Bidvest informed shareholders that Mrs Flora Nolwandle Mantashe has resigned from the board with immediate effect in order to pursue her own endeavours.
31-Aug-2015
(C)
08-Jul-2015
(Media Comment)
Business Day reported that Bidvest Media, part of the travel and aviation division of Bidvest Group, bought a majority stake in Retroviral Digital Communications, which generates online "word-of-mouth" advertising and marketing for brands using social media. This acquisition propels Bidvest into the digital marketing sector, building on to its 100% stake in MSCSPORTS, an integrated sports marketing and sponsorship agency.
18-Jun-2015
(Media Comment)
Business Report announced that The Bidvest Insurance Group, a subsidiary of Bidvest, bought a 51% stake in Compendium Insurance Group, and hopes to benefit from Compendium's national footprint and additional products. Compendium products include engineering and marine products among others. Bidvest Insurance will now have a stronger national footprint with Compendium's offices in Durban, Cape Town, Johannesburg, Port Elizabeth, Pietermaritzburg and Richards Bay.
10-Jun-2015
(Official Notice)
27-May-2015
(Official Notice)
Bidvest announced the appointment, with immediate effect, of Gillian Claire McMahon as an Executive Director.
18-May-2015
(Official Notice)
Shareholders are referred to the Stock Exchange News Service announcements released by Bidvest on Thursday, March 19 2015 and Friday, April 24 2015 notifying Adcock shareholders of the opening of the offer by Bidvest to acquire all of the ordinary shares in Adcock that it did not already own (the ?Offer?) and the extension of the closing date of the Offer to Friday, May 15 2015 respectively. Shareholders are advised that the Offer has now closed and that pursuant to the Offer, Bidvest has acquired 11 565 525 Adcock ordinary shares resulting in Bidvest, through a wholly owned subsidiary, holding 37.0% of Adcock?s total voting shares in issue.
30-Apr-2015
(Official Notice)
Shareholders are referred to the Stock Exchange News Service (?SENS?) announcement released by Bidvest on Thursday, March 19 2015 notifying Adcock shareholders of the opening of the offer by Bidvest to acquire all of the ordinary shares in Adcock that it did not already own (the ?Offer?).



In compliance with Regulation 98 of the Companies Regulations, 2011 (the ?Regulations?), shareholders are advised that, in addition to Adcock ordinary shares acquired by Bidvest under the Offer, Bidvest, through a wholly-owned subsidiary, has acquired Adcock ordinary shares representing 1.12% of Adcock?s total voting rights in the open market at an average price of R51.90 per share.
24-Apr-2015
(Official Notice)
Shareholders are referred to the SENS announcement released by Bidvest on Thursday, March 19 2015 notifying Adcock Ingram Holdings Ltd. ("Adcock") shareholders of the posting by Bidvest of an offer circular containing, inter alia, details of the Offer and the important dates and times in relation thereto. Shareholders are advised that in order to provide Adcock shareholders with further time to make an assessment of the impact of the proposed Adcock black economic empowerment transaction detailed in an Adcock SENS announcement dated February, 23 2015, Bidvest, in its sole discretion and after having attained the requisite approval by the Takeover Regulation Panel and the JSE Limited, has extended the closing date of the Offer to Friday, May 18 2015. The revised important dates and times in relation to the Offer are set out below:

* Last day to trade in order to be eligible to accept the Offer : Friday, May 8

* Shares trade ?ex? the Offer from commencement of trade : Monday, May 11

* Record date, being the final date upon which Adcock shareholders must be recorded in the register in order to be eligible to accept the Offer: Friday, May 15

* Closing date of the Offer at 12:00 (?Closing Date?) : Friday, May 15

* Results of the Offer released on SENS : Monday, May 18

* Offer consideration posted to Offer participants (once documents of title have been received): Monday, May 18

* Results of the Offer published in the press : Tuesday, May 19.
19-Mar-2015
(Official Notice)
Shareholders are referred to the Securities Exchange News Service (?SENS?) announcement released by Adcock on Thursday, March 12 2015 detailing the firm intention by Bidvest to acquire the entire issued ordinary share capital of Adcock Ingram Holdings Ltd. (?Adcock?) that it does not already own (?Remaining Adcock Shares?) by way of a general offer in terms of section 117(1)(c)(v) of the Companies Act No. 71 of 2008, as amended, for a cash consideration of R52.00 (?Offer Consideration?) per Remaining Adcock Share (?Offer?).



Adcock shareholders are hereby advised that an offer circular containing, inter alia, details of the Offer as required in terms of the Takeover Regulations and the JSE Ltd. (?JSE?) in respect of an offeror offer circular (a separate offeree response circular will be posted by the independent board of directors of Adcock (?Adcock Independent Board?) in line with note 1 set out below) and a form of acceptance, surrender and transfer will be posted today and is available on Bidvest?s website www.bidvest.co.za (?Circular?).



The Offer is unconditional and is capable of acceptance immediately from 09:00 on the Offer opening date, being Friday, March 20 2015.



The purpose of the Circular is to:

* provide Adcock shareholders with detailed information regarding the Offer and the manner in which it will be implemented; and

* make the requisite disclosures to Adcock shareholders as required by the listing requirements of the JSE and the Takeover Regulations in respect of the Offer.



Important dates and times

Important dates and times in relation to the Offer are set out below:

*Posting date of the Circular to Adcock shareholders -- Thursday, March 19 2015

*Opening date of the Offer at 09:00 -- Friday, March 20 2015

*Last day to trade in order to be eligible to accept the Offer -- Thursday, April 30 2015

*Shares trade ?ex? the Offer from commencement of trade -- Monday, May 4 2015

*Record date, being the final date upon which Adcock Shareholders must be recorded in the register in order to be eligible to accept the Offer -- Friday, May 8 2015

*Closing date of the Offer at 12:00 (?Closing Date?) -- Friday, May 8 2015

*Results of the Offer released on SENS -- Monday, May 11 2015

*Offer Consideration posted to Offer participants (once documents of title have been received) -- Monday, May 11 2015

*Results of the Offer published in the press -- Tuesday, May 12 2015
11-Mar-2015
(Official Notice)
Reference is made to the Securities Exchange News Service announcement released by Bidvest on February 23 2015 detailing the proposed offer by Bidvest to acquire the remaining ordinary shares in Adcock (excluding treasury shares) that it does not already own for a cash consideration of R52.00 per Adcock ordinary share (the ?Offer?). Subsequent thereto, Bidvest and the PIC have engaged in discussions with a view to entering into a pool agreement (?Pool Agreement?) for joint control of Adcock in respect of 82,000,000 Adcock ordinary shares (with Bidvest and the PIC each contributing 41,000,000 Adcock ordinary shares), representing approximately 47.82% of Adcock?s issued ordinary share capital excluding treasury shares. If these discussions result in the conclusion of the Pool Agreement it will be conditional upon receiving, inter alia, the requisite regulatory approvals, including that of the Competition Authorities. As part of the Pool Agreement, within the pool participants (i.e. Bidvest and the PIC) it is the contemplation of the parties that Bidvest will be responsible for the management of Adcock, subject to satisfactory performance.



In anticipation of the Pool Agreement, Bidvest has received an undertaking from the PIC that it will not accept the Offer in relation to the 48,466,905 Adcock ordinary shares over which it is the discretionary manager on behalf of the Government Employees Pension Fund and the Unemployment Insurance Fund.



Bidvest?s firm intention to make an offer will be communicated to Adcock within the next few days.
02-Mar-2015
(C)
23-Feb-2015
(Official Notice)
25-Nov-2014
(Official Notice)
24-Nov-2014
(Official Notice)
Bidvest shareholders are advised that at the Annual General Meeting of members held on Monday, November 24 2014, all the ordinary and special resolutions as proposed in the Notice of the Annual General Meeting were approved by the requisite majority of members.
24-Nov-2014
(Official Notice)
Bidvest informed shareholders that Adv FDP Tlakula has retired from the board with immediate effect.
10-Nov-2014
(Official Notice)
Bidvest shareholders are referred to the announcement by Moody?s Investors Service as contained below:



"Johannesburg, November 07, 2014 -- Moody's Investors Service has today affirmed The Bidvest Group Ltd.'s (Bidvest) national scale long- and short-term issuer ratings at A1.za and P-1.za, respectively, despite the weakening of the South African government's credit profile, as reflected by Moody's downgrade of South Africa's government bond rating to Baa2 (stable) from Baa1 (negative) on 6 November 2014. The outlook on the ratings for Bidvest remain stable. For additional information, please refer to the related announcement: https://www.moodys.com/research/--PR_312007"
03-Nov-2014
(Official Notice)
Bidvest shareholders ("Shareholders") are referred to the Company's announcement of September 10 2014 in which the Company informed Shareholders that its board of directors ("Board") had appointed Barclays Bank PLC and Investec Bank Ltd. to perform a preliminary evaluation of the merits of listing the Company's foodservice operations on the London Stock Exchange (including an inward secondary listing on the JSE) ("Potential Listing").



Following the conclusion of the preliminary evaluation of the Potential Listing, as well as a review of the strategic positioning of the Bidvest Group as a whole, the Board has concluded that the Potential Listing will not, in current circumstances, be in Shareholders' best interest. The strategic review has identified new opportunities in regard to the Group's operations which will be pursued over time.



The Board strongly believes that enhancement of shareholder value will best be served by continued focus on the strategic objective of increasing Bidvest's scale through organic expansion and acquisitions both locally and internationally.



Accordingly, the Board has concluded that the Potential Listing will not be pursued.

24-Oct-2014
(Official Notice)
Following a recent board decision, the following changes have been made to the following board committees of Bidvest with effect from November 1 2014.

* Mrs Flora Nolwandle Mantashe has been appointed as a member of both the Risk committee and Social - Ethics committee;

* Mrs Sibongile Masinga, subject to shareholder approval in the upcoming annual general meeting, has been appointed as a member of the Audit committee;

* Mr Nigel George Payne has been appointed as a member of the Acquisitions committee; and

* Mrs Cecilia Wendy Lorato Phalatse (Chairman of the board) has been appointed as a member of the Remuneration committee.



The board thanks these and the other members of the various committees for their dedication and advice.
24-Oct-2014
(Official Notice)
Shareholders are advised that an electronic version of the Company's Annual Integrated Report for the year ended June 30 2014, which incorporates the annual financial statements and notice of the annual general meeting ("AGM") were posted to shareholders. The annual financial statements contain no modifications to the audited results, which were published on September 1 2014. The annual financial statements of the company and the Group and the Deloitte - Touche audit report are available for inspection at the registered office of the Company.



AGM notice

Notice was given that the AGM of the Company will be held at 08:30 on Monday, 24 November 2014, at Third Floor, Bidvest House, 18 Crescent Drive, Melrose Arch, Johannesburg, 2196, to transact business as stated in the notice of the AGM.
16-Oct-2014
(Official Notice)
Bidvest and Grindrod Ltd. ("Grindrod") ("the Parties") would like to refer shareholders to their previous announcement that Grindrod had received an unsolicited offer from Bidvest for the purchase of Grindrod Bank.



Grindrod and Bidvest have failed to reach final agreement for the purchase and have agreed to discontinue the discussions. The reason for this is that Bidvest has been unable to satisfy itself as to the potential reputational impact from recent negative publicity relating to the SASSA contract. Grindrod is comfortable that the issues raised in the press do not pertain to Grindrod Bank's role in the contract.



Bidvest wished to note that no problems were identified in the course of its due diligence process of Grindrod Bank which caused the parties to terminate discussions. Grindrod will continue its strategy to grow Grindrod Bank's business, with a number of strategic alternatives and capital support, for the benefit of Grindrod's stakeholders.
13-Oct-2014
(Official Notice)
Shareholders are referred to the announcements released on the Stock Exchange News Service ("SENS") on September 1 2014 and September 26 2014 relating to the declaration of the final distribution for the year ended June 30 2014 by way of the issue of fully paid ordinary shares of R0.05 each as a scrip distribution ("Scrip Distribution") or a cash dividend alternative of R4.32 per Bidvest ordinary share ("Cash Alternative") payable to Bidvest shareholders.



Shareholders holding 230 768 990 Bidvest shares or 69.7% of Bidvest shares elected the Scrip Distribution resulting in the issue of 3 576 797 new Bidvest ordinary shares, retaining R997.0 million of equity for Bidvest. The balance of shareholders holding 100 468 229 Bidvest ordinary shares elected to receive the Cash Alternative and accordingly, a cash dividend of R434.0 million is payable today to those shareholders.



Electronic fund transfer payments in respect of certificated shareholders who elected to receive the Cash Alternative will be credited to the bank accounts of such certificated shareholders today and share certificates in respect of certificated shareholders who elected, by default, the Scrip Distribution will be posted today to certificated shareholders at their risk. As detailed in the circular to shareholders dated September 22 2014, no divided cheques will be paid to shareholders and accordingly for shareholders who have not provided their banking details to Bidvest?s transfer secretaries, Computershare Investor Services Proprietary Limited, the cash dividend will remain unpaid until such time as the shareholder has provided his/her relevant banking details to receive the cash dividend by electronic funds transfer.



The central securities depository participant or broker custody accounts of dematerialised shareholders will be credited today, 13 October 2014, with their new shares or cash dividend for dematerialised shareholders receiving the Scrip Distribution or Cash Alternative respectively.
26-Sep-2014
(Official Notice)
Bidvest shareholders are referred to the announcement released on September 1 2014 wherein shareholders were advised that Bidvest declared a final distribution for the year ended June 30 2014 by way of the issue of fully paid ordinary shares of R0.05 each as a scrip distribution or a cash dividend alternative payable to ordinary shareholders.



The number of ordinary shares to which shareholders participating in the scrip distribution will become entitled is confirmed in the ratio of 1.55000 shares for every 100 shares held on the record date. This is the equivalent of 436.0 cents per share based on the closing share price on August 29 2014 of R281.32 per share.



The Circular related to the final distribution for the year ended June 30 2014 by way of a scrip distribution or a cash dividend alternative payable to ordinary shareholders was posted to Bidvest shareholders on Monday, September 22 2014. The Circular is also available on the company's website www.bidvest.co.za.



For ease of reference the applicable dates are unchanged and detailed below:

*Circular and form of election posted to ordinary shareholders on Monday, September 22 2014

*Last day to trade in order to be eligible for the scrip distribution/cash dividend alternative ("CUM" scrip distribution/cash dividend alternative) on Friday, October 3 2014

*Ordinary shares trade "EX" the scrip distribution/cash dividend alternative on Monday, October 6 2014

*Listing of maximum possible number of new ordinary shares that could be issued in terms of the scrip distribution on Monday, October 6 2014

*Last day to elect the cash dividend alternative instead of the scrip distribution by 12:00 on Friday, October 10 2014

*Record date in respect of the scrip distribution/cash dividend alternative on Friday, October 10 2014

*New ordinary share certificates posted, payments effected to the bank accounts of shareholders registered at the transfer secretaries and Central Securities Depository Participant (CSDP)/broker accounts credited/updated (payment date) -- Monday, October 13 2014

*Maximum number of new ordinary shares listed adjusted to reflect the actual number of new ordinary shares issued on or about Wednesday, October 15 2014



Share certificates may not be dematerialised or rematerialised, nor may transfers between registers take place, between Monday, October 6 2014 and Friday, October 10 2014, both days inclusive.
25-Sep-2014
(Media Comment)
Business Report announced that a partnership between Bidvest bank and Vodacom intends to reach 10 millions customers in the next 5 years with the revamped M-Pesa phone money transfer service. Since M-Pesa went live in August 2014, 365 000 customers already signed up to use the virtual wallet Bidvest bank managing director Japie van Niekerk said.
10-Sep-2014
(Official Notice)
Bidvest shareholders ("shareholders") are referred to the company's audited results announcement for the year ended June 30 2014, released on the Stock Exchange News Service of the JSE Ltd. ("JSE") on September 1 2014 in which shareholders were advised that the board of directors ("board") has resolved to evaluate the benefits of the listing of the foodservice operations on the London Stock Exchange ("LSE").



In line with the resolution by the board, the company has appointed Barclays Bank plc and Investec Bank Ltd. (the "Banks") to carry out preliminary investigations to determine the merits of a listing of the foodservice operations on the LSE (including an inward secondary listing on the JSE). Shareholders will be kept abreast of any further developments following the conclusion of the review by the Banks and a further announcement will be made in due course.
01-Sep-2014
(C)
25-Aug-2014
(Official Notice)
Bidvest and Community Investment Holdings (Pty) Ltd. ("CIH"+ (collectively "the Consortium") currently hold 59 266 944 Adcock Ingram ordinary shares, representing approximately:

* 30% of the total Adcock Ingram voting shares in issue including the unlisted Adcock Ingram A ordinary shares and Adcock Ingram B ordinary shares (excluding treasury shares);

* 34.5% of the issued Adcock Ingram ordinary shares (excluding the Adcock Ingram A ordinary shares, Adcock Ingram B ordinary shares and treasury shares), and therefore currently has no control.



The Consortium made application to the Competition Commission on April 1 2014. On August 19 2014, the Competition Tribunal approved the future acquisition of control of Adcock Ingram by the Consortium. Following the release of this approval, the Consortium has noted the various press articles stating that the Consortium intends to increase its shareholding in Adcock Ingram to above 35%.



Given the ongoing uncertainty concerning the current trading performance of Adcock Ingram, the Consortium continues to evaluate its position, but has not determined whether to make a general offer to Adcock Ingram shareholders.
10-Jul-2014
(Official Notice)
Bidvest acquires controlling interests in DAC, a leading foodservice distributer in Italy and PCL, a specialist chilled products distributer in the United Kingdom Bidvest is proud to announce that with effect from July 1 2014, it has acquired a 60% interest in Gruppo Dac S.p.A. (DAC) a leading Italian foodservice provider as well as a significant controlling stake in PCL 24/7 Limited (PCL), a specialist chilled products storage and distribution business operating in the United Kingdom. The aggregate purchase consideration is approximately EURO95 million.



DAC

DAC is a leading foodservice company specialising in food - beverage distribution to the HORECA channel and institutional catering market in Italy. Founded in the 1970?s by Giuseppe Scuola, DAC has grown its business through innovation to meet the needs of the restaurant, banqueting, hotel and institutional catering sectors, making it a one-stop, multi temperature supplier of food - beverage products for the out-of-home channel. In 2013, DAC achieved revenues in excess of EURO220 million and aims to continue to grow its sales significantly. DAC employs over 700 people which includes a 300 strong sales force covering the majority of Italy. The Scuola family, comprising Guiseppe Scuola as Chairman and CEO Daniele Scuola, will continue to manage the business. Bidvest welcomes the Scuola?s to the Bidvest family. This acquisition forms part of Bidvest?s strategic expansion plans in the foodservice industry and will create a hub to deliver its Made in Italy products through its worldwide foodservice network. Having shown strong growth in the domestic market, DAC will be able to strengthen its expansion strategy abroad through its association with Bidvest.



PCL

PCL is a specialist chilled products storage and distribution business that derives service based logistics income of approximately ?80 million per annum. PCL will be operated as part of Bidvest Logistics in the UK. This acquisition, in addition to giving access to this specialised area of distribution, also enables Bidvest Logistics to diversify its customer base, achieve greater facility and fleet utilisation as well as realising other synergistic benefits. PCL operates a fleet of over 300 vehicles and employs approximately 900 people.

02-Jul-2014
(Official Notice)
Voluntary joint announcement regarding the proposed acquisition by Bidvest and Bidvest Bank Ltd. of GFS Holdings (Pty) Ltd. and Grindrod Financial Holdings Ltd. (collectively "Grindrod Bank"). Bidvest and Grindrod Ltd. ("the Parties") advise shareholders that the Parties have entered into a memorandum of understanding which sets out the key terms on which Bidvest and Bidvest Bank Limited proposes to acquire Grindrod Bank ("the Proposed Transaction").



The acquisition of Grindrod Bank will add scale to Bidvest's financial services offering and will enable the combined business better strategic positioning as a pre-eminent niche financial services provider. The businesses are complementary and the expanded product and service offering will benefit clients and provide employees with enhanced career development opportunities. Grindrod Ltd. has considered a number of strategic alternatives for the further development of Grindrod Bank and is of the view that the Proposed Transaction is in the best interests of all stakeholders.



The successful completion of the Proposed Transaction is subject to conditions precedent, including the completion of due diligence and the approval by certain regulatory authorities. Bidvest and Grindrod Ltd. are listed on the exchange operated by the JSE Ltd. and have market capitalisations of R93 billion and R18 billion respectively. The Proposed Transaction is not a categorised transaction for Bidvest or Grindrod Ltd. in terms of the Listings Requirements of the JSE, and accordingly this is a voluntary announcement. A further announcement regarding the fulfilment of the conditions precedent to the Proposed Transaction will be made as and when appropriate.
14-Apr-2014
(Official Notice)
Shareholders are referred to the announcements released on SENS on February 27 2014 and March 20 2014 relating to the declaration of the interim distribution for the half-year ended December 31 2013 by way of the issue of fully paid ordinary shares of R0.05 each as a scrip distribution ("Scrip Distribution") or a cash dividend alternative of R3.78 per Bidvest ordinary share ("Cash Alternative") payable to ordinary Bidvest shareholders.



Shareholders holding 198 897 775 Bidvest shares or 60.65% of Bidvest shares elected the Scrip Distribution resulting in the issue of 3 281 838 new Bidvest ordinary shares, retaining R751.8 million of equity for Bidvest. The balance of shareholders holding 129 057 606 Bidvest ordinary shares elected to receive the Cash Alternative and accordingly, a cash dividend of R487.8 million is payable on 14 April 2014 to those shareholders.
20-Mar-2014
(Official Notice)
The Circular related to the interim distribution for the half-year ended 31 December 2013 by way of the issue of fully paid ordinary shares of R0.05 each as a scrip distribution or a cash dividend alternative payable to ordinary shareholders announced on February 27 2014 was posted to Bidvest shareholders on Thursday, March 20 2014. The Circular is also available on the Company's website www.bidvest.co.za.



For ease of reference the applicable dates are detailed below:

* Circular and form of election posted to ordinary shareholders on Thursday, March 20

* Last day to trade in order to be eligible for the scrip distribution/cash dividend alternative ("CUM" scrip distribution/cash dividend alternative) on Friday, April 4

* Ordinary shares trade "EX" the scrip distribution/cash dividend alternative on Monday, April 7

* Listing of maximum possible number of new ordinary shares that could be issued in terms of the scrip distribution on Monday, April 7

* Last day to elect the cash dividend alternative instead of the scrip distribution by 12:00 on Friday, April 11

* Record date in respect of the scrip distribution/cash dividend alternative on Friday, April 11

* New ordinary share certificates posted, payments affected to the bank accounts of shareholders registered at the transfer secretaries and CSDP/broker accounts credited/updated (payment date) : Monday, April 14

* Maximum number of new ordinary shares listed adjusted to reflect the actual number of new ordinary shares issued on or about Tuesday, April 15

* Share certificates may not be dematerialised or rematerialised, nor may transfers between registers take place, between Monday, April 7 2014 and Friday, April 11 2014, both days inclusive.
27-Feb-2014
(C)
04-Feb-2014
(Official Notice)
Shareholders are advised that for the 6 months ended December 31 2013, Bidvest's headline earnings per share ("HEPS") are expected to be between 15% and 17% higher than the comparative 6 month period (725.1 cents per share).



Earnings per share (EPS) are expected to be between 17% and 19% higher than the comparative 6 month period (724.4 cents per share).



The company's financial results for the 6 months ended December 31 2013 are expected to be published on or about February 27 2014.
31-Jan-2014
(Official Notice)
Shareholders are referred to the announcements by Bidvest dated December 2 2013, January 16 2014 and January 31 2014 in which a consortium comprising Bidvest and CIH (the Consortium) made a cash offer to acquire up to 34.5% of the issued ordinary shares of Adcock Ingram Holdings Ltd (Adcock) (excluding treasury shares) for a cash consideration of R70.00 per Adcock ordinary share (the Adcock Offer). Shareholders are hereby advised that the Consortium now holds 34.5% of the total issued ordinary shares in Adcock (excluding treasury shares) and accordingly the Adcock Offer is now closed.

31-Jan-2014
(Official Notice)
Shareholders are referred to the announcements by Bidvest dated December 2 2013 in which a consortium comprising Bidvest and CIH ("the Consortium") made a cash offer to acquire up to 34.5% of the issued ordinary shares of Adcock Ingram Holdings Ltd. ("Adcock") (excluding treasury shares) for a cash consideration of R70.00 per Adcock ordinary share ("the Adcock Offer") and the announcement dated January 16 2014 in which shareholders were informed that the Adcock Offer will close at the close of business 17:00 on Tuesday, February 4 2014. Shareholders are advised that the Consortium has to date acquired approximately 32.03% of the total issued ordinary shares in Adcock (excluding treasury shares).
16-Jan-2014
(Official Notice)
Shareholders are referred to the announcement by Bidvest dated 2 December 2013 in which a consortium comprising Bidvest and CIH ("the Consortium") made a cash offer to acquire up to 34.5% of the issued ordinary shares of Adcock Ingram Holdings Ltd. ("Adcock") (excluding treasury shares) for a cash consideration of R70.00 per Adcock ordinary share ("the Offer").



Since Bidvest's initial approach in March 2013 to the Board of Directors of Adcock, Adcock has been subjected to a protracted period of continuous delays throughout which time the attention of the Adcock Board and management has been diverted from optimising the operational performance of Adcock. This has been exacerbated by the protracted process relating to the offer by CFR Pharmaceuticals SA ("CFR Offer"), including the adjournment of the scheme meeting and the delay in issuing the documentation relating to the new CFR Offer. This will further extend the process.



The Consortium believes it is in its best interests to be in a position to deal in Adcock shares with complete flexibility. Accordingly Adcock shareholders are hereby advised that the Offer will close at the close of business 17:00 on Tuesday, 4 February 2014.
06-Dec-2013
(Official Notice)
Bidvest announced the resignation of Lebogang Joseph Mokoena as alternate director to Alfred da Costa, with immediate effect.
04-Dec-2013
(Official Notice)
Bidvest announced the appointment, with immediate effect, of Nompumelelo Thembekile Madisa (Mpumi) as an Executive Director; Sibongile Masinga (Bongi) as an Independent Non-executive Director; Florah Nolwandle Mantashe (Nolwandle) as an Independent Non-executive Director, to the Bidvest board.
03-Dec-2013
(Official Notice)
The announcement released on SENS by Bidvest on December 2 2013 refers, in terms of which the Bidvest/CIH ("Consortium") were advised by its legal team to launch legal proceedings to challenge compliance with certain legal and regulatory aspects of the CFR/Adcock Transaction. In this regard, Bidvest advises that is has launched proceedings in the South Gauteng High Court ("High Court") in relation to the scheme of arrangement proposed by Adcock in its circular to shareholders dated 18 November 2013 ("the Scheme"). Bidvest is seeking various declaratory orders from the High Court which include:-

* declaring the Scheme and the transactions for the implementation of the Scheme void in terms of section 44(5) of the Companies Act, 71 of 2008 ("the Act");

* declaring that, the combined general meeting and the ordinary general meeting convened by Adcock have not been lawfully convened; and

* interdicting Adcock and the other respondents to the High Court proceedings from implementing the Scheme and giving effect to the transactions that are required for the implementation of the Scheme
02-Dec-2013
(Official Notice)
Based on advice given to the Bidvest/CIH Consortium ("Consortium") by its legal team, the Consortium further announces that Bidvest will shortly launch legal proceedings to challenge compliance with legal and regulatory aspects of the CFR/Adcock transactions.
02-Dec-2013
(Official Notice)
Adcock shareholders are hereby advised that Bidvest, acting on behalf of a consortium ("the Consortium") comprising Bidvest and CIH, hereby makes a cash offer ("the Offer") to acquire up to 34.5% of the issued ordinary shares in Adcock (excluding treasury shares). Bidvest currently owns approximately 4% of the issued ordinary shares in Adcock (excluding treasury shares).



The Consortium's Empowerment Credentials

CIH was established in 1995 by Dr Anna Mokgokong and Joe Madungandaba. It is the largest fully compliant BEE company operating in South Africa's pharmaceutical sector. The company is 100% black-owned, with operations in South Africa and sub-Saharan Africa, has a proven track record and holds significant interests in the Healthcare, Technology - Telecommunication, Logistics, Mining and Power and Energy sectors.



Bidvest is a Level 3 contributor and since the formation of the Bidvest/Dinatla (Bidvest's BEE shareholders) relationship in 2003, value in excess of R3 billion has been delivered to Dinatla stakeholders. Bidvest's aforementioned empowerment credentials, together with the participation of CIH in the Consortium will significantly add to the total BEE participation in Adcock.



Terms and Mechanics of the Offer



In terms of the Offer:

*the Consortium offers to acquire up to 34.5%, including the Adcock shares already held by Bidvest, of the issued ordinary shares of Adcock (excluding treasury shares) from Adcock shareholders on a first come first serve basis

*the Offer will be settled by a cash consideration of R70.00 per Adcock ordinary share

*any Adcock shareholder who wishes to accept the Offer must do so through its broker. For this purpose Adcock shareholders' respective brokers are advised to contact Rodney Marthinusen at Investec Securities Ltd., Bidvest's brokers, on +27 11 286 4543.



The Offer Period

The Offer will open for acceptance from 09:00 on Monday, December 2 2013 and the closing date of the Offer will be announced on SENS and in the press.
25-Nov-2013
(Official Notice)
At the annual general meeting of the shareholders of Bidvest held on Monday, November 25 2013 ("the annual general meeting") the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of shareholder votes. In terms of the notice of AGM, Mr S Koseff did not make himself available for re-election at the AGM and has therefore retired from the board. As previously announced, Mr M C Ramaphosa resigned from the board effective from the date of the AGM. The board and management of Bidvest wish to thank Messrs Koseff and Ramaphosa for their valued dedication and contribution to the development of Bidvest over many years.
18-Nov-2013
(Official Notice)
In line with good corporate governance practice, Bidvest chief executive Brian Joffe has resigned as a member of the Nominations committee and Independent chairperson, Cecilia Wendy Lorato Phalatse has been appointed as a member of the Nominations committee. This change takes place with immediate effect.
07-Nov-2013
(Media Comment)
According to Business Report, Bidvest will launch a catering business in Zambia during November 2013. This was the first step in an expansion drive across Africa to capitalise on a growing middle class.
25-Oct-2013
(Official Notice)
Shareholders are advised that an electronic version of the Company's Annual Integrated Report for the year ended 30 June 2013, which incorporates the annual financial statements and notice of the annual general meeting were posted to shareholders today. The annual financial statements contain no modifications to the audited results, which were published on the 26th August 2013. The annual financial statements of Bidvest and the Group and the Deloitte - Touche audit reports are available for inspection at the registered offices of the Company.



AGM noti e

Notice is given that the annual general meeting of the Company will be held at 08:30 on Monday, 25th November 2013, at Third Floor, Bidvest House, 18 Crescent Drive, Melrose Arch, Johannesburg, 2196, to transact business as stated in the notice of the annual general meeting.
23-Oct-2013
(Official Notice)
Shareholders are referred to the joint announcement released on SENS dated 20 September 2013 which advised shareholders that all resolutions were passed by the requisite majority of Mvelaserve shareholders entitled to vote at the Scheme Meeting convened on the same day to consider resolutions proposing a scheme of arrangement between Mvelaserve and its shareholders in terms of section 114 of the Companies Act, 71 of 2008 ("Scheme").



Further to this, Mvelaserve shareholders are advised that the last 2 (two) remaining conditions to the Scheme have been fulfilled, namely:

*the granting of unconditional approval of the Scheme by the Competition Tribunal, which unconditional approval was granted on Wednesday, 23 October 2013; and

*the issue of a compliance certificate by the Takeover Regulation Panel.



Therefore all conditions precedent to the Scheme, as detailed in the circular issued to Mvelaserve shareholders on 23 August 2013 (Circular) have been fulfilled and accordingly the Scheme is now unconditional. In terms of the Scheme, each Mvelaserve shareholder will receive R9.20 in cash for every Mvelaserve share held (Scheme Consideration).



The expected timetable for the finalisation and implementation of the transaction will remain as published in the Circular:

*Last day to trade to participate in the Scheme Consideration Friday, 1 November 2013

*Suspension of listing of Mvelaserve shares on the JSE Monday, 4 November 2013

*Record Date on which Mvelaserve shareholders must be recorded in the Register to receive the Scheme ConsiderationFriday, 8 November 2013

*Scheme Implementation Date - payment of cash Monday, 11 November 2013

*Termination of listing of Mvelaserve shares at commencement of trade on the JSE. Tuesday, 12 November 2013
20-Sep-2013
(Official Notice)
Shareholders are referred to the joint announcement released on SENS on 23 August 2013 and the circular dated 23 August 2013 setting out the terms of the offer extended by Bidvest to holders of the issued ordinary share capital of Mvelaserve that it does not already own or has entered into an agreement to acquire (herein after referred to as the "Remaining Shareholders") and excluding the treasury shares of Mvelaserve Ltd. ("Mvelaserve"), by way of a scheme of arrangement ("Scheme") proposed in terms of section 114 of the Companies Act, 71 of 2008 or alternatively, if the resolution proposing the Scheme is not approved by the requisite number of the Remaining Shareholders, by the implementation of a substitute offer that will be deemed to have been made by Bidvest to the Remaining Shareholders ("Substitute Offer") (collectively, "the Proposed Transaction").



Mvelaserve shareholders are advised that, at the scheme meeting held on Friday, 20 September 2013, to consider the Proposed Transaction, the special resolutions to approve the Scheme were passed by the requisite majority of Remaining Shareholders. The implementation of the Proposed Transaction remains subject to the receipt of approval from the South African Competition Authorities. Once all the conditions precedent to the Scheme have been fulfilled or waived (in whole or in part), as the case may be, a further announcement regarding the relevant dates for the implementation of the Scheme will be made.
26-Aug-2013
(C)
23-Aug-2013
(Official Notice)
12-Jun-2013
(Official Notice)
AMAP and Bidvest shareholders are referred to the announcement published on SENS on 12 April 2013 and in the press on 15 April 2013, regarding the approval at the AMAP shareholders' meeting, by the requisite majority of AMAP shareholders present and voting in person or by proxy, of the scheme of arrangement proposed by the board of AMAP between AMAP and its shareholders (the Scheme). Shareholders are hereby advised that the final condition has been met, namely, approval has been received from the Competition Commission, and therefore all conditions precedent to the Scheme, as detailed in the circular issued to AMAP shareholders on 11 March 2013 (the Circular) have been fulfilled and accordingly the Scheme is now unconditional.



In terms of the Scheme, each AMAP shareholder will receive R3.50 in cash for every AMAP share held (the Scheme Consideration). The salient dates and times relating to the implementation of the Scheme are as follows (note that these have changed from those set out in the Circular):

*Last day to trade to participate in the Scheme Consideration Friday, 21 June 2013

*Suspension of listing of AMAP shares on JSE trading system at commencement of trading Monday, 24 June 2013

*Scheme consideration record date, being the date on which scheme participants must be recorded in the register to receive the Scheme Consideration, by close of trading Friday, 28 June 2013

*Scheme implementation date (payment date) Monday, 1 July 2013

*Dematerialised scheme participants expected to have their accounts (held at their CSDP or broker) updated or the Consideration Shares posted to them on or about Monday, 1 July 2013

*Termination of listing of AMAP shares at the commencement of trading Tuesday, 2 July 2013
28-May-2013
(Official Notice)
13-May-2013
(Official Notice)
12-Apr-2013
(Official Notice)
Amalgamated Appliance Holdings Ltd. ("Amaps") and Bidvest shareholders are referred to the circular posted to Amaps shareholders on 11 March 2013 (incorporating a notice of general meeting), wherein AMAP shareholders were advised that the Board of Directors of Amaps received a firm intention from Bidvest to acquire the entire issued share capital of AMAP that it does not already own subject to certain conditions ("the Transaction"), to be implemented by way of a Scheme of Arrangement in terms of section 114 of the Companies Act ("the Scheme"). AMAP and Bidvest shareholders are advised that at the company's meeting held to vote on and approve the resolutions relating to the implementation of the Scheme held at 11:00 on Friday, 12 April 2013, the requisite majority of shareholders approved the ordinary resolution and the special resolution proposed at the Scheme Meeting. The implementation of the Transaction remains subject to certain conditions precedent including the receipt of approvals from the South African Competition Authorities. Once all the conditions precedent to the Transaction have been fulfilled, a further announcement will be made. The special resolution will be lodged with the Companies and Intellectual Property Commission ("CIPC") in due course. Shareholders are advised that the expected timetable provided in the Scheme circular to AMAP shareholders has changed and an updated timetable will be released on SENS in due course.
05-Apr-2013
(Official Notice)
Shareholders were referred to the announcement by Bidvest dated April 3 2013 and the announcement by Adcock Ingram Holdings Ltd. ("Adcock") dated April 4 2013.



Bidvest has always been aware that its offer ("Bidvest Offer") to Adcock shareholders, to be implemented by way of a scheme of arrangement in terms of section 114 read together with section 115 of the Companies Act, No 71 of 2008 ("Scheme"), required the co-operation of the board of directors of Adcock ("Adcock Board"). This was clearly stated in the Bidvest Offer.



Bidvest firmly believes that there are no legal deficiencies in the Bidvest Offer. It is clear that if the Adcock Board wishes to offer its shareholders the opportunity to vote on and receive the Bidvest Offer, there are no regulatory impediments to that occurring. The reluctance of the Adcock Board to propose the Scheme is being rationalised and frustrated by insubstantial and irrelevant technical issues notwithstanding the large weight of Adcock shareholder support for the Adcock Board to propose the Scheme. The commercial issues being raised are matters on which Adcock shareholders should decide after taking into account any advice that the Adcock Board may give to them.



Bidvest is of the view that the conditions contained in its offer are normal and reasonable in a transaction of this nature. In the absence of a due diligence condition and in order to support the Bidvest Offer, Bidvest's key areas where it requires comfort are:

*the Scheme would not materially affect the relationship and supply arrangements with Baxter Healthcare; and

*Adcock's diluted headline earnings for the six months ended March 31 2013 will be no less than R2.00 per share which is required to confirm sustainable earnings.



The Adcock Board did not give Bidvest comfort in these areas, and therefore Bidvest could not eliminate certain conditionality in terms of the Scheme.



Bidvest will engage with Adcock shareholders.
04-Apr-2013
(Media Comment)
The Financial Mail wrote that Bidvest has abandoned its bid to gain an influential stake in fruit exporting and logistics group Capespan. Capespan announced that BB Investments, the unofficial investment arm of Bidvest sold its small strategic shareholding of 7.8% in Capespan to PSG-controlled Zeder Investments Ltd. Bidvest had spent the best part of 18 months trying to purchase a larger stake in Capespan.
03-Apr-2013
(Official Notice)
Shareholders are referred to the announcement by Adcock Ingram Holdings Ltd (Adcock) published on April 2 2013 in response to the firm intention by Bidvest to make an offer to acquire 60% (on a fully diluted basis) of the entire issued ordinary share capital of Adcock (Firm Intention Letter). The Firm Intention Letter was approved by the Takeover Regulation Panel (TRP), on March 18 2013, prior to its submission to the Board of Directors of Adcock and an irrevocable unconditional guarantee for the cash component of the offer contained in the Firm Intention Letter was timeously lodged, on March 26 2013, with the TRP in accordance with the Regulations in terms of the Companies Act.



Bidvest still believes that Adcock shareholders be given the opportunity to vote on the offer contained in the Firm Intention Letter. Shareholders are advised that Bidvest is considering its position in relation to the issues raised and inaccuracies contained in the aforementioned response. A further announcement will be made by Bidvest in due course.
02-Apr-2013
(Official Notice)
Shareholders' attention is drawn to the cautionary announcement issued by Bidvest on March 22 2013. Reference was made therein to Bidvest's letter of firm intention to make an offer (the "Firm Intention Letter") to Adcock Ingram Holdings Limited ("Adcock") shareholders, which was subsequently published by Adcock. Accordingly, the aforementioned cautionary announcement is now withdrawn and shareholders no longer need to exercise caution in dealing in their Bidvest shares.



One of the terms of the Firm Intention Letter is that the board of directors of Adcock ("Adcock Board") informs Bidvest by April 2 2013 whether it will propose the offer to Adcock shareholders by means of a scheme of arrangement (the "Scheme"). The opportunity for Adcock shareholders to consider the offer in terms of the Scheme contained in the Firm Intention Letter is not dependent on any recommendation relating to the merits of the scheme which the Adcock Board may give at some future time. Bidvest currently awaits the Adcock Board's response.
25-Mar-2013
(Official Notice)
Shareholders are advised that Mr Cyril Ramaphosa has notified the board that he wishes to retire from the position of Chairperson of Bidvest, however he will remain on the board until the release of the Group's results for the year ending June 30 2013 in early September. The Board has pleasure in announcing that Mrs Lorato Phalatse, currently an independent non-executive director on the board, has been appointed to succeed Mr Ramaphosa as the new Chairperson of Bidvest.

22-Mar-2013
(Official Notice)
Bidvest Shareholders are advised that Bidvest has today submitted a firm intention letter ("the Letter") to the Board of Directors of Adcock Ingram Holdings Ltd. ("Adcock Ingram") in terms of which Bidvest proposes to acquire 60% of the issued share capital of Adcock Ingram from its shareholders. The terms of the Letter will be published in due course. Accordingly Bidvest Shareholders are advised to exercise caution when dealing in Bidvest Securities.
11-Mar-2013
(Official Notice)
04-Mar-2013
(Official Notice)
Shareholders were referred to the voluntary announcement dated December 3 2012 in which shareholders were advised that subject to the fulfilment of certain conditions precedent it has entered into an agreement in terms of which Bidvest will acquire the entire issued share capital of Brandcorp Holdings (Pty) Ltd. ("Brandcorp") for an undisclosed amount ("the Brandcorp Acquisition"). Brandcorp is currently controlled by Ethos Private Equity.



Due to certain conditions precedent not having been met, shareholders were informed that the parties have mutually agreed not to proceed with the transaction.
04-Mar-2013
(C)
Revenue increased by 11.9% to R75.4 billion (R67.3 billion). Gross income rose 11.5% to R14.6 billion (R13.1 billion). Trading profit was up 8.3% to R3.6 billion (R3.3 billion). Operating profit was down 1.3% to R3.5 billion (R3.5 billion). Net attributable profit rose 2.8% to R2.3 billion (R2.2 billion). In addition, headline earnings per share fell 2.3% to 725.1cps (742.3cps).



Dividend

An interim ordinary dividend of 324cps has been declared.



Outlook

Current economic environments within which Bidvest operates its global business remain volatile and challenging. Growth rates remain subdued with little evidence of sustained recovery. Management remain focused on their collective effort in delivering stakeholder value despite these environmental factors. Bidvest remains true to its tried and tested decentralised and entrepreneurial business model and significant effort has been directed throughout the group to ensure the Bidvest culture is reinforced.



In South Africa trading conditions are anticipated to remain lacklustre. Bidvest's divisional teams remain extremely focused on delivering organic growth whilst seeking out acquisitive opportunities to complement its existing service offering. Further progress in developing the Africa strategy in our products related businesses is anticipated.



In Europe, further opportunities to add new product ranges and expand local footprints both via organic and acquisitive growth remain a focus area across all businesses. In the Asia Pacific region, management focus is directed to finding innovative value adding solutions for customers across all categories of products to enable continued growth in our wholesale model. In the developing markets, further consolidation opportunities exist which are being aggressively pursued. Management are confident of further organic and acquisitive growth.



Management focus remains on maintaining and improving customer service and ongoing cost control, which combined with good working capital management will assist in delivering expected returns on funds employed. Effort is being directed at those operations where performance is below our own expectations. The company's financial position remains sound and the group has ample capacity to fund growth. Management continues to see opportunities which combined with the acquisitive expansion of its footprint and service offering, bodes well for the group going forward.
22-Feb-2013
(Official Notice)
Amalgamated Appliance Holdings Ltd. ("AMAPS") and Bidvest shareholders were referred to the SENS announcements dated 28 November 2012 and 21 December 2012, wherein AMAPS shareholders were advised that the Board of Directors of AMAPS received a firm intention from Bidvest to acquire the entire issued share capital of AMAPS that it does not already own for an offer consideration of R3.50 per AMAPS ordinary share subject to certain conditions ("the Offer" or "the Transaction"), to be implemented by way of a Scheme of Arrangement in terms of section 114 of the Companies Act ("the Scheme").



The Offer was made on the basis that no dividends or similar payments, excluding the dividend that was payable on 10 December 2012, were to be declared or paid to AMAPS shareholders before the closing date of the Scheme.



Bidvest has agreed to waive this prohibition up to an amount of 30 cents per AMAPS share so as to enable AMAPS to declare a gross special dividend of 30 cents per AMAPS share ("Special Dividend"). The Special Dividend may only be declared and become payable should the requisite majority of AMAPS shareholders approve the Scheme at the Scheme meeting.



Conditions precedent

Implementation of the Transaction remains subject to the approval of the Scheme by the requisite majority of AMAPS Shareholders, as contemplated in Section 115 of the Companies Act and the receipt of regulatory approvals by no later than 30 June 2013, including but not limited to: the JSE, the Take-Over Regulation Panel (in terms of a compliance certificate to be issued in terms of the Companies Act in relation to the Scheme), the South African Reserve Bank and the Competition Authorities.



Circular to shareholders

A circular relating to the Transaction incorporating the terms of the Scheme, details of the Special Dividend, and a notice of general meeting and form of proxy is expected to be posted to AMAPS shareholders in due course.
19-Feb-2013
(Official Notice)
Shareholders were advised that for the 6 months ended December 31 2012:

1. On a normalised basis, excluding the abnormal profit of R399.1 million on the partial sale of the investment in Mumbai International Airport (Pvt) Ltd. (MIAL) in the comparative period:

*Headline earnings per share are expected to be between 17% and 19% higher than the comparative period (December 2011 - 613.4 cents per share); and

*Earnings per share are expected to be between 23% and 25% higher than the comparative period (December 2011 - 581.8 cents per share).

2. Including the abnormal profit of R399.1 million on the partial sale of the investment in MIAL in the comparative period:

*Headline earnings per share are expected to be between 1% and 3% lower (December 2011 - 742.3 cents per share); and

*Earnings per share are expected to be between 1% and 3% higher (December 2011 - 710.8 cents per share)



The company's financial results for the 6 months ended December 31 2012 are expected to be published on or about March 4 2013.
28-Jan-2013
(Official Notice)
Bidvest has acquired ordinary shares in Amalgamated Appliance Holdings Ltd. ("AMAP") in the open market at a price not greater than the proposed offer consideration of R3.50 per ordinary share as contemplated in the joint firm intention announcement released on SENS on 28 November 2012. The joint firm intention announcement included particulars setting out terms upon which Bidvest intends acquiring the entire issued share capital of AMAP that it does not already own, by way of a scheme of arrangement in terms of section 114 of the Act.



The above transactions have resulted in Bidvest increasing their beneficial interest in AMAP ordinary shares from 27.6% to 28.3%.
21-Dec-2012
(Official Notice)
04-Dec-2012
(Official Notice)
At the adjourned annual general meeting of the shareholders of Bidvest held on Tuesday, December 4 2012 special resolution number 4 Adoption of the new Memorandum of Incorporation ("MOI") was passed by the required majority. Special resolution number 4 will be lodged with CIPC for registration, in due course.
03-Dec-2012
(Official Notice)
The board of directors of Bidvest announce that it has entered into an agreement in terms of which Bidvest will, subject to the fulfilment of certain conditions precedent by June 30 2013, acquire the entire issued share capital of Brandcorp Holdings (Pty) Ltd (Brandcorp) for an undisclosed amount (the Brandcorp Acquisition). Brandcorp is currently controlled by Ethos Private Equity. The current Brandcorp management team will remain in place.



The Brandcorp Acquisition is not a categorised transaction in terms of the Listings Requirements of the JSE Limited and although accretive is not expected to have a material effect on Bidvest's financial results for the year ending June 30 2013. A further announcement regarding the fulfilment of the conditions precedent will be made as and when appropriate.
27-Nov-2012
(Official Notice)
The record date to determine which shareholders may participate and vote at the adjourned AGM, as announced is Friday, November 23, 2012. Any proxy forms lodged by shareholders for the AGM held on Monday November 26, 2012 remain valid for the new record date, unless revised proxy forms are lodged with Computershare in accordance with the procedures set out below.
26-Nov-2012
(Official Notice)
At the annual general meeting of the shareholders of Bidvest held on Monday, November 26, 2012 ("the annual general meeting") the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes, with the exception of special resolution number 4 adoption of the new Memorandum of Incorporation ("MOI"). In terms of Section 64 (10) and (11) of the Companies Act 71 of 2008 as amended, the meeting has been adjourned, until Tuesday, December 4 2012 at 08H30 to be held in the boardroom at Bidvest House, 18 Crescent Drive, Melrose Arch, Johannesburg. The meeting has been adjourned in order to modify the resolution and amend the entire Clause 39.3 of the MOI to take into account the requirement for rotation of executive directors.



Messrs FJ Barnes, LI Jacobs, JL Pamensky and AC Salomon did not make themselves available for re- election at the AGM and have therefore retired from the board of Bidvest.



Mr P Nyman has also retired from the board of Bidvest. Messrs MBN Dube and RM Kunene have resigned from the board with immediate effect.
26-Oct-2012
(Official Notice)
Shareholders are advised that an electronic version of the company's Annual Integrated Report for the year ended June 30 2012, which incorporates the annual financial statements and notice of the annual general meeting was posted to shareholders. The Annual Integrated Report is also available on Bidvest's website (www.Bidvest.com). The annual financial statements contain no modifications to the audited results, which were published on August 27 2012.



Notice is given that the annual general meeting of the company will be held at 08:30 on Monday, 26 November 2012, at Third Floor, Bidvest House, 18 Crescent Drive, Melrose Arch, Johannesburg, 2196, to transact business as stated in the notice of the annual general meeting.
27-Aug-2012
(C)
15-Aug-2012
(Official Notice)
Shareholders are advised that for the 12 months ended June 30 2012, the group's headline earnings per share ('HEPS") and earnings per share ("EPS") are expected to be between 26% and 30% higher than the comparative year (June 30 2011: HEPS 1157.4 cents per share and EPS 1110.5 cents per share) after taking into account the profit on the partial sale of the investment in Mumbai International Airport Private Ltd. of R399.1 million, as announced on SENS on October 19 2011 The company's financial results for the 12 months ended June 30 2012 are expected to be published on or about 27 August 2012.
20-Apr-2012
(Official Notice)
Bidvest announced the appointments of:

* Mr. Paul Cambo Baloyi;

* Mr. Eric Kevin Diack;

* Mr. Alexander Komape Maditsi, and;

* Ms. Lorato Phalatse as independent non-executive directors of Bidvest with effect from Friday, 20 April 2012.
04-Apr-2012
(Official Notice)
In respect of the normal interim cash dividend of 280cps, the following further information is provided to shareholders in respect of the new dividends tax:

* The dividend has been declared from income reserves

* The company has no secondary tax on companies credits available

* The dividend withholding tax rate is 15% resulting in a net dividend of 238 cents

* Bidvest tax reference number is 9550162714

* The issued number of shares is 327 734 929



The salient dates applicable remain as previously announced, which are as follows:

* Last day to trade cum dividend : Wednesday, April 4 2012

* First day to trade ex dividend : Thursday, April 5 2012

* Record date : Friday, April 13 2012

* Payment date : Monday, April 16 2012.
13-Mar-2012
(Official Notice)
Shareholders are referred to the notice dated February 27 2012 wherein a normal interim cash dividend of 280.0cps and a special cash dividend of 80.0cps has been awarded to members recorded in the register of the company at the close of business on Friday, April 13 2012. Shareholders attention is drawn to the new dividend dates in respect of the special dividend of 80.0cps. The salient dates applicable to the special cash dividend are as follows:

*Last day to trade cum dividend -- Friday ,March 23 2012

*First day to trade ex dividend -- Monday, March 26 2012

*Record date -- Friday, March 30 2012

*Payment date -- Monday, April 2 2012



Shares cannot be dematerialised or rematerialised between Monday, March 26 2012 and Friday, March 30 2012, both dates inclusive.



In respect of the normal interim cash dividend of 280.0cps, the salient dates applicable remain as previously announced, which are as follows:

*Last day to trade cum dividend -- Wednesday, April 4 2012

*First day to trade ex dividend -- Thursday, April 5 2012

*Record date -- Friday, April 13 2012

*Payment date -- Monday, April 16 2012



Shares cannot be dematerialised or rematerialised between Thursday, April 5 2012 and Friday, April 13 2012, both dates inclusive.
27-Feb-2012
(C)
Revenue for the interim period grew by 15.1% to R67.3 million (2010: R58.5 million). Trading profit increased by 14.9% to R3.2 million (2010: R2.8 million), operating profit surged by 24.9% to R3.5 million (2010: R2.8 million), while profit attributable to shareholders of the parent jumped by 27.2% to R2.2 million (2010: R1.7 million). Furthermore, headline earnings per share soared by 37.5% to 742.3cps (2010: 539.8cps).



Dividends

A normal interim cash dividend of 280cps and a special cash dividend of 80cps has been declared.



Prospects

In a business world where the benchmarks of the past don't hold for tomorrow and economic growth remains subdued, Bidvest believes in their tried and tested entrepreneurial and decentralised business model as a vehicle to build further value through organic and acquisitive growth. Bidvest is a demand driven business where their customers drive their focus and their results are driven by their behaviour.



Economic conditions in South Africa have improved and although the rate of growth is low, management are quietly optimistic the recent momentum will be maintained. Exposures to industries such as construction are expected to improve in the medium term as the benefits of the highly awaited government infrastructural programme kick off. Discretionary spend by consumers is expected to improve, benefiting the automotive retailing and foodservice businesses.



Activity levels are anticipated to improve within the European geographies in which the Group operates but consumer confidence remains fragile. In Asia Pacific, management are confident of further growth as demand for delivered wholesale food and value added products presents further opportunities. Management continues to retain a critical focus on asset management and cost efficiency as they drive the businesses to deliver superior returns from funds employed. The company's financial position is sound and is well capitalised with ample capacity to fund expansion. Notwithstanding the difficult and volatile economic environments, management see genuine opportunities to further expand their geographic footprint and product and service offering enabling continued real organic and acquisitive growth.
17-Feb-2012
(Official Notice)
Bidvest's shareholders were notified that Mrs Lilian Garner Boyle has tendered her resignation as director with immediate effect.
25-Jan-2017
(X)
A leading South African services, trading and distribution group operating in the areas of consumer and industrial products, electrical products, financial services, fishing and materials handling, freight management, office and print solutions, outsourced hard and soft services, travel and aviation services and automotive retailing. Listed on the JSE Ltd. and with roots firmly established in South Africa, Bidvest consistently broaden its product offering through organic and acquisitive growth in local as well as select niche international markets.
21-Nov-2011
(Official Notice)
At the annual general meeting of the shareholders of Bidvest held on Monday, November 21 2011 ("the annual general meeting") all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. Ordinary Resolution 6.2 was repealed at the annual general meeting as Mr NP Mageza no longer made himself available for re-election to the Audit Committee and has tendered his resignation as director of the board with immediate effect. The board would like to thank Mr Mageza for his contribution to Bidvest. The special resolutions, as required, will be filed with the Companies and Intellectual Commission ("CIPC") in due course.
21-Oct-2011
(Official Notice)
Shareholders were advised that the company's annual integrated report for the year ended June 30 2011, which incorporates the annual financial statements and notice of the annual general meeting were posted to shareholders on October 21 2011. The annual integrated report is also available on Bidvest's website (www.Bidvest.com). The annual financial statements contain no modifications to the audited results, which were published on August 29 2011. The annual financial statements of Bidvest and the group and the Deloitte - Touche audit report are available for inspection at the registered offices of the company.



Notice was given that the annual general meeting of the company will be held at 13:00 on Monday, November 21 2011, at Third Floor, Bidvest House, 18 Crescent Drive, Melrose Arch, Johannesburg, 2196, to transact business as stated in the notice of the annual general meeting. The company is offering certificated shareholders and dematerialised shareholders with "own name" registration reasonable access to participate in the meeting through electronic means including teleconferencing and secure online voting of shares.
19-Oct-2011
(Official Notice)
Further to the announcements released on SENS on March 4 2011 and 23 August 2011, shareholders are advised that all the outstanding conditions precedent in relation to the sale of half of Bidvest's economic interest in Mumbai International Airport Private Ltd have now been fulfilled and the transaction has completed. Bidvest expects a positive impact of approximately R400m after transaction costs on the headline earnings of the group as a consequence of the sale transaction.
13-Oct-2011
(Official Notice)
The board of directors of Bidvest have appointed Mr Douglas Denoon Balharrie Band as lead independent director (LID) to the board with immediate effect.
23-Sep-2011
(Media Comment)
According to Business Report, Bidvest Bank lifted its operating income by 75% to R848 million for the year to June 2011. The bank said its business had been extremely cash generative because of the expanded and more diversified range of income-producing operations. The bank generated a net ash flow of R611 million from operating activities and profit for the year almost tripled to R283.5 million from R108 million. During the period under review, the bank launched a private foreign exchange banking service and has said that there will be continuous expansion of the product range.
07-Sep-2011
(Official Notice)
In compliance with Section 3.59 of the listing requirements of the JSE Limited, Bidvest`s shareholders are hereby notified that Mr. Myron Cyril Berzack has decided to leave the Bidvest Group to pursue his own interests and has tendered his resignation as director with immediate effect.



29-Aug-2011
(C)
Revenue rose by 7.9% to R118.5 billion (R109.8 billion). Gross income increased by 6.7% to R24.6 billion (R23 billion). Operating profit was up by 7% to R5.8 billion (R5.5 billion). Net attributable profit increased by 5.8% to R3.6 billion (R3.3 billion). In addition, headline earnings on a per share basis grew by 8.2% to 1 157.4cps (1 070cps).



Dividend

A final ordinary dividend of 255cps has been declared.



Outlook

The board completed its strategic review of the foodservice business following the receipt of various unsolicited proposals. The proposals highlighted that the foodservice business is a highly rated and appealing strategic asset. While the proposals would have realised significant amounts of cash in the short term, they would not have optimised value nor the strategic medium term benefits that are likely to flow from the current group structure.



Demand for delivered wholesale food products in Asia Pacific is expected to remain buoyant, particularly in Greater China. Activity levels are slowly improving within the European geographies in which the group operates. Realignment of executive responsibilities in South Africa has injected renewed enthusiasm and energy. This provides the platform for the pursuit of new opportunities that will take these businesses to the next level of growth. Economic conditions in South Africa have improved but new challenges have emerged driven principally by global economic uncertainty. Industries such as construction and hospitality, casualties of the void subsequent to massive infrastructural spend linked to the World Cup 2010, are expected to remain sluggish. The current wave of industrial action adds further strain to the economic recovery.



Bidvest's entrepreneurial and decentralised business model remains relevant and appropriate as the platform for sustained growth. The businesses are well placed to trade in the adjusted new economic reality and management is optimistic about the future.



Asset management and cost efficiency remain focus areas as we drive our businesses to deliver superior returns from funds employed. The group's financial position is strong. Bidvest is well capitalised with ample capacity to fund expansion. Despite the difficult and volatile economic environments, management is committed to its philosophy of delivering continued real organic and acquisitive growth.
23-Aug-2011
(Official Notice)
Bidvest announced on SENS on March 4 2011 that subject to certain conditions precedent it had sold half of its economic interest in Mumbai International Airport Private Ltd for a profit of between R300 - R400 million. Certain formalities remain to be completed and as such these profits will not be included in the results to June 30 2011. The formalities are expected to be completed by end September 2011. Shareholders are reminded that this profit was over and above the normal sustainable trading results of Bidvest.
18-Aug-2011
(Official Notice)
The board of Bidvest has completed its strategic review of the Foodservice Business ("Business") resulting from the receipt of various unsolicited proposals. These proposals highlight that the Business is a highly rated and appealing strategic asset. Despite the current difficult economic environment the review confirmed that the Business can continue to grow both organically and acquisitively. In assessing the proposals the board strongly endorsed the Bidvest business model and re-emphasised that a demerger should not take place if it is at the expense of critical mass and financial strength. The board concluded that, whilst in the short term the proposals would have realised significant amounts of cash, they would not have optimised value nor the strategic benefits that are likely to flow from the current Bidvest structure over the medium term. Bidvest remains focused on identifying avenues for growth in the Business and in this regard Bidvest is pleased to announce that it has concluded memorandums of understandings to purchase foodservice businesses in Egypt, the Baltics, as well as in Chile, its first entry into the high growth South American market. Accordingly Bidvest shareholders are no longer required to exercise caution in dealing in their Bidvest shares.
05-Aug-2011
(Media Comment)
Finweek reported that Bidvest has been identified as the possible mystery rival bidder for unlisted fruit exporting company, Capespan. Zeder Investments Ltd currently owns 36.1% of Capespan after it made a formal offer of 225cps. However, Zeder's bid was trumped by an open market offer for 50 million share at 240cps. Bidvest financial director, David Cleasby declined to comment.
15-Jul-2011
(Official Notice)
Bidvest shareholders are advised that the special resolutions, as proposed in the Notice of Meeting posted to shareholders on Wednesday, June 15 2011, were approved by the required majority of votes in the extraordinary general meeting held on Friday, July 15 2011.



The Special Resolutions proposed and passed without modification were:

*Special Resolution number 1: Financial assistance to related or inter- related entities to the company;

*Special Resolution number 2: Financial assistance for subscription of securities to related or inter-related entities to the company, and;

*Special Resolution number 3: Remuneration of non-executive directors.

15-Jul-2011
(Media Comment)
Finweek reported that bids for Bidvest's Foodservice business has the market and shareholders excited. The company's share price has risen to R163.00/share, its highest price for more than three years. However, investors should know that a sale of Foodservice will alter the group's structure fundamentally and remove the potential high growth part of the business. Without Foodservice, Bidvest would like a very different animal. CEO Brian Joffe was unavailable for comment on the possible sale as he was on holiday.
07-Jul-2011
(Media Comment)
Business Day reported that Bidvest rose by 5% to R162.00 on Wednesday, 6 July 2011 after issuing a cautionary saying that the company had received unsolicited proposals relating to its global Foodservice business. FD David Cleasby said the company was unable to comment further. Foodservice contributed more than R2 billion to Bidvest's R5.6 billion trading profit. Sanlam Investment Management's Andrew Kingston commented that the offer would have to be quite a sizeable offer and could involve a US food service company such as Sysco.
06-Jul-2011
(Official Notice)
Shareholders are advised that Bidvest has recently received various unsolicited proposals relating to its Foodservice Business. Bidvest believes that the Foodservice Business is an attractive business with strong growth prospects. However, in light of the proposals received, the Board of Bidvest has appointed a sub-committee to undertake a strategic review of the Foodservice Business and to explore whether any of the proposals would optimise value for Bidvest shareholders. Bidvest shareholders are advised to exercise caution in dealing in their Bidvest shares until a further announcement is made.
05-Jul-2011
(Media Comment)
Business Day reported that Bidvest may look to combine its Rennies foreign exchange unit with Mercantile Bank if its bid for the Portuguese-owned company is successful, possibly bringing the merged entity into direct competition with SA's big five banks.
23-May-2011
(Official Notice)
Bidvest shareholders were advised that the general meeting to propose the resolutions to approve the share repurchases by Bidvest, or its wholly owned subsidiary, BB Investment Company (Pty) Ltd, from Dinatla Investment Holdings (Pty) Ltd was held on Monday, May 23 2011 ("the general meeting"). At the general meeting, all the resolutions were approved by the requisite majority.
03-May-2011
(Official Notice)
Bidvest shareholders were referred to the announcement dated April 7 2011, in which they were advised that Bidvest had entered into an agreement ("share buy-back agreement") with Dinatla Investment Holdings (Pty) Ltd ("Dinatla") in terms of which a wholly owned subsidiary of Bidvest, BB Investment Company (Pty) Ltd, will acquire ordinary shares in the issued share capital of Bidvest from Dinatla. In terms of the share buy-back agreement, Bidvest will acquire 12 000 000 shares from Dinatla, and in accordance with the pre-emptive provisions of the share buy-back agreement Bidvest may acquire a further 14 510 312 shares from Dinatla; subject to the fulfilment of the remaining outstanding suspensive condition, namely shareholder approval.



A circular containing details of the repurchases, including, inter alia, a notice convening a general meeting, was posted to shareholders on April 30 2011. The general meeting is to be held at the registered office of the company; Bidvest House, 18 Crescent Drive, Melrose Arch, Melrose, Johannesburg at 10:00 on Monday, May 23 2011, to consider and, if deemed fit, to pass, with or without modification, the special and ordinary resolutions authorising the repurchase of shares from Dinatla. The salient dates and times in relation to the general meeting are as follows:

* Last day to lodge forms of proxy by 10:00 on Friday, May 20 2011 * General meeting to be held at 10:00 on Monday, May 23 2011

* Results of the general meeting released on SENS on Monday, May 23 2011

* Results of the general meeting published in the press on Tuesday, May 24 2011.
12-Apr-2011
(Official Notice)
Shareholders were advised that Bidvest has changed their transfer secretaries with effect from April 11 2011, to Computershare Ltd, (Registration number 2000/006082/06).
07-Apr-2011
(Official Notice)
Bidvest has entered into an agreement with Dinatla Investment Holdings (Pty) Ltd ("Dinatla") in terms of which a wholly owned subsidiary of Bidvest, BB Investment Company (Pty) Ltd, will acquire 12.0 million shares from Dinatla ("repurchase") in terms of section 89 of the Companies Act 61 of 1973, as amended ("the Act").



Rationale for the repurchase

In November 2003, Bidvest concluded a black economic empowerment ("BEE") transaction with Dinatla, a broad based empowerment entity owned by a consortium of prominent entrepreneurial black businesses, in terms of which Dinatla acquired 15% of the ordinary share capital of Bidvest (45.0 million shares). In November 2006, Dinatla refinanced their investment in Bidvest at an effective in cost of R60 per share subject to 5 year lock in period which was a condition of the Relationship Agreement concluded between Bidvest and Dinatla. To date significant value has been created for Dinatla in terms of their residual holding of 26.5 million ordinary Bidvest shares. In terms of the Relationship Agreement any restrictions on the ordinary Bidvest shares owned by Dinatla expire in November 2011. Dinatla is required to settle its funding arrangements ("Dinatla funding") by March 2012. In order to facilitate the early repayment of the Dinatla funding and to provide Dinatla with certainty around their cash realisation, Bidvest has agreed to repurchase 12.0 million shares from Dinatla at an earlier date subject to the outstanding conditions precedent.



Terms of the repurchase

A net repurchase price of R131.75 per Bidvest ordinary share has been agreed. This represents a discount of 11.3% to the 30 day volume weighted average price ("VWAP") to April 5 2011. The repurchase is subject to the following conditions precedent:

*Bidvest having received the requite approvals required for the implementation of the repurchase; and

*the funders to Dinatla having provided the requisite approvals to Dinatla.



Following the successful repurchase, Dinatla will own approximately 14.5 million ordinary Bidvest shares, representing a holding of 4.5% in the issued share capital of Bidvest.



Further announcement

A further announcement regarding the outstanding conditions precedent and the timing of the repurchase will be made in due course.
29-Mar-2011
(Media Comment)
Finweek reported that Bidvest's BidFish might be interested in expanding into South Africa as there may not be many opportunities besides this country into which the operation can expand. Bidvest's challenge is to grow BidFish and broaden its product base away from pilchards and mackerel. Three possible South African takeover targets include Se Harvest, I-J and Premier Fishing. BidFish is owned by the group through Bidvest Namibia.
04-Mar-2011
(Official Notice)
Further to the announcement released on SENS on March 3 2011 Bidvest advised that it anticipates a positive impact of between R300 million and R400 million on the headline earnings of the group as a consequence of the sale. This forecast is based on the following assumptions: The estimated funding costs, transaction costs and the carrying amount of the investment to date. In the interim results for the six months to December 31 2010, released on Monday 28 February 2011, Bidvest achieved headline earnings per share of 539.8 (2009: 495.0) cents. The agreement is subject to a number conditions as well as regulatory and other approvals. Further announcements regarding the conclusion of the transaction will be made in due course.
03-Mar-2011
(Official Notice)
Bidvest announce that its wholly owned subsidiary, Bid Services Division (Mauritius) Ltd, has concluded an agreement, subject to conditions, with a subsidiary of GVK Power - Infrastructure Limited, for the sale of half of its economic interest in Mumbai International Airport Private Limited.



The agreement is subject to a number of regulatory and other approvals. It is anticipated that the transaction should have a positive impact on headline earnings of the group in this financial year. Further announcements regarding the conclusion of the transaction will be made in due course. This forecast has not been reviewed or reported on by Bidvest's auditors.
01-Mar-2011
(Media Comment)
Business Day reported that Bidvest had a solid half-year to December 2010. Despite a strong rand, poor European wheather, the effects of the secondary tax on companies, and the weak economic activity in several markets, the group managed to grow headline earnings per share by 9.1% in the period. CE Brian Joffe, the man who built a distribution, trading, and food service empire from R8 million in 1988 wants results that mirror growth over the past 10 years. Mr Joffe added that the core activity of the group was to continue to internationalise the food services business, and expand across Asia, and in particular China.
28-Feb-2011
(C)
Revenue increased by 4.2% to R58.5 million (R56.1 billion). Operating profit rose by 11.1% to R2.8 billion (R2.6 billion). Net attributable profit was up 11.8% to R1.7 billion (R1.5 billion). In addition, headline earnings on a per share basis grew by 9.1% to 539.8cps (495cps).



Dividend

An interim ordinary dividend of 225cps has been declared.



Outlook

Economic conditions in most of the geographies in which Bidvest operates have improved, resulting in higher activity levels, however, the European landscape is likely to remain weak. The underlying threat of inflation and the potential for rising interest rates present both opportunity and risk for trading operations. The businesses have adjusted to the new economic reality. Management is acutely aware that innovation and service hold the key to future success. Realignment of executive responsibilities caters for succession, renews enthusiasm and provides new opportunities for the group to achieve the next quantum leap in growth. Bidvest remains committed to its entrepreneurial and decentralised business model as the platform for achieving sustained growth. Management are optimistic about future business opportunities, which should enable a step up in growth rates and higher returns.



The balance sheet is well capitalised with ample capacity to fund expansion activities. Bidvest retains its appetite and desire for further strategic acquisition opportunities. Working capital management remains a focus area as a means to delivering acceptable returns from funds employed. Going forward, management remains confident of an improving trading environment.
22 Dec 2010 17:21:25
(D)
Bidvest, the diversified industrial company, announce that it has acquired 100% of the share capital of Seafood Holdings Limited ("Seafood") for an enterprise value of GBP 45 million (approximately R473 million). Seafood was started by entrepreneur and CEO, Toby Baxendale, who has grown the business into a leading national fresh fish producer and distributor to the catering and hospitality industry in the United Kingdom.



Seafood includes famous regional brands such as Daily Fish and Southbank Fresh Fish in London, Direct Seafoods in London, Colchester and Scotland, Kingfisher Brixham, Openshaws in Birmingham and Manchester, Neve Fleetwood, and Taylor Foods based in Newcastle. Toby Baxendale, is to retire as CEO on acquisition to pursue his many other interests.



Seafood provides Bidvest with a unique opportunity to acquire a market- leading fresh fish foodservice business with sufficient geographic reach to provide a solid platform for growth. Seafood will be operated and managed independently of 3663, although customer benefits and synergies will be achieved. Bidvest is confident the business with its strong and entrepreneurial management team and dedicated employees has the potential to contribute meaningfully to Group performance over time.



15 Nov 2010 15:26:54
(Official Notice)
At the annual general meeting of the shareholders of Bidvest held on Monday, 15 November 2010 ("the annual general meeting") all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolutions will be lodged for registration with the Companies and Intellectual Property Registration Office ("CIPRO") in due course. Details relating to the specific repurchase in terms of section 85 of the Companies Act 61 of 1973 ("the Act"), as amended, by Bidvest of its own ordinary shares held as treasury shares by BB Investment Company (Pty) Ltd ("treasury shares"), a wholly owned subsidiary of Bidvest ("the specific repurchase") are disclosed below:



Introduction

On Monday, October 25 2010 Bidvest posted a circular to shareholders containing details of the specific repurchase and incorporating a special resolution, relating to the specific repurchase which was contained in the notice and subsequently passed at the annual general meeting.



Terms of the repurchase

The specific repurchase will be performed at a price of R151.51 per Bidvest ordinary share, being the closing share price for Bidvest on the JSE exchange on Friday, October 22 2010. The specific repurchase will have no significant financial effect on Bidvest or its shareholders, other than in respect of transaction costs that are normally incurred in transactions of this nature, namely securities transfer tax (of approximately R10 509 199.49) and the RMB advisor and sponsor fee (R2 000 000) which in total amounts to approximately R12.5 million and represents 0.0236% of the Bidvest market cap of R53 billion, as at Friday, October 22 2010. As the specific repurchase is intra group no significant cash will be utilised and the financial effects have therefore not been disclosed. The specific repurchase will be effected in one transaction or in a series of transactions in aggregate of no more than 27 745 230 shares. All repurchases pursuant to this specific authority will be completed by no later than Friday, December 31 2010 provided all conditions precedent are met, i.e. final board approval obtained and confirmation of the registration of the specific resolution by CIPRO.
25 Oct 2010 12:31:49
(Official Notice)
Shareholders were advised that the company's annual financial statements for the year ended 30 June 2010 were posted to shareholders and contain no modifications to the audited results, which were published on August 30 2010. The annual financial statements of Bidvest and the group and the Deloitte - Touche audit report are available for inspection at the registered offices of the company. Notice was also given that the annual general meeting of the company will be held at 08:30 on Monday, 15 November 2010, at Third Floor, Bidvest House, 18 Crescent Drive, Melrose Arch, Johannesburg, 2196, to transact business as stated in the notice of the annual general meeting.
06 Oct 2010 09:34:41
(Media Comment)
According to Business Report, Bidvest could separately list its international food services business in order to unlock the perceived value that is not currently reflected in the diversified industrial giant's market valuation. In the year to June, trading profit for the company's food services business, which includes Bidvest's Nowaco and Farutex acquisitions in the review period, rose to 16.3 percent to R2 billion. The group's Foodservice division has operations in the UK, Asia Pacific, Australia, New Zealand, Europe and southern Africa. Following the company's acquisition of wholesaler Nowaco in the Czech Republic, Bidvest's international food businesses in the UK, Europe, Australia, New Zealand, the Middle and Far East contributed R53 billion, or 48 percent, of Bidvest's 2010 revenue and R1.6 billion, or 29 percent, of Bidvest's 2010 trading profit.
30 Aug 2010 07:32:55
(C)
04 Jun 2010 09:15:46
(Media Comment)
According to Business Report, Bidvest will keep its money changers, the nation's largest chain of currency bureaus, open for as long as 24 hours a day during the World Cup to meet demand from an expected 300 000 tourists. The company's Rennies Foreign Exchange branches at airports in Johannesburg, Cape Town and Durban would operate all day during the tournament.
02 Mar 2010 10:34:33
(Official Notice)
Shareholders are advised in order to galvanise its global strength in international foodservice, Bidvest announces some senior management changes within the leadership structures.

Fred Barnes, CEO of Bidvest Europe, is to step out of his current role with immediate effect to permit the combination of the global Bidvest foodservice businesses into a single business unit under the leadership of Bernard Berson, currently CEO of Bidvest Asia Pacific. This restructure will enable Bidvest to combine the strengths of its decentralised philosophy with global cooperation, ensure best practice is extracted globally and to realise synergies between its market-leading companies.
01 Mar 2010 09:05:05
(C)
12 Feb 2010 09:10:12
(Media Comment)
Business Day reported that in a sign that the market welcomed Bidvest's latest profit estimate, the diversified group's shares rose more than 3% on the eleventh of February 2010. John Thompson, an analyst at Investec Asset Management, said Bidvest's projections "looked good" despite it facing currency headwinds, weak consumer demand and a couple of write-offs. Bidvest reported in their trading statement that it expected headline earnings per share to rise 8% to 10%. The market was now focused on whether Bidvest would earn R5,70 per share in the second half, Thompson said, to meet analysts' full-year forecast of R10,70.
11 Feb 2010 08:01:45
(Official Notice)
Bidvest anticipates headline earnings per share (HEPS) for the six month period ended December 31 2009 to be up by between 8% and 10% on the previous interim period, after the expensing of R53,4 million of acquisition costs in respect of the eastern European acquisitions, Nowaco and Farutex. These acquisition costs would have been previously capitalised to the cost of investment but in terms of the revised IFRS3 accounting standard are now included as an expense in headline earnings. If HEPS were to be adjusted for the impact of these acquisition costs, HEPS would be up by between 12% and 14%.



Trading profit is similar to the comparative interim period. Trading conditions in Southern Africa, with the exception of Namibia, were challenging and the trading results are reflective thereof. Bidvest Asia Pacific has returned a strong result. Bidvest Europe has held up relatively well in difficult economic conditions.



The balance sheet remains strong enhanced by a R2,0 billion reduction in the working capital absorption compared to the previous interim period. As a result thereof, finance charges for the period are materially lower, assisted by the benefit of exposure to the short end of the funding market in a falling interest rate environment. The average rand exchange rate was stronger versus sterling and the euro with a corresponding negative impact on translation of foreign operations HEPS of approximately 3%.



The weighted average number of shares in issue are up by 11,7 million or 4% compared to the same period in 2008 mainly due to the issue of shares for the Nowaco and Farutex acquisitions. Basic earnings per share (EPS) are anticipated to be down by between 6% and 8% mainly as a result of the inclusion of net capital profits of R209,4 million in the comparative interim period.
26 Nov 2009 08:27:13
(Official Notice)
Bidvest hosted an investor day on Tuesday, November 24 2009. In the interests of the equitable dissemination of information to all parties, a summary of the more significant points raised in discussion are summarized on the Bidvest website www.bidvest.com
20 Nov 2009 11:46:54
(Official Notice)
Shareholders are referred to the questions raised by Mr Theo Botha at the annual general meeting on November 17 2009 with regards to the salary increase granted to Mr SG Pretorius for the 2009 financial year. The matter has been fully investigated and Bidvest reports that Mr Pretorius was in fact granted a 6% salary increase by the group remuneration committee and not the 35% as disclosed in the 2009 annual financial statements. This arose as a result of an administrative error in McCarthy's which has now been corrected.

17 Nov 2009 15:25:18
(Official Notice)
Shareholders are advised that further to the AGM held today November 17 2009, special resolution number 1 and ordinary resolutions numbers 1,2,3,4, 5, 6.1 to 6.8 and 7.1 proposed in the notice to ordinary shareholders dated October 26 2009 were passed without modification by the requisite majority of shareholders. The special resolution will be lodged with CIPRO for registration, in due course.



Trading conditions remain reasonably tough, however they are expected to improve in the coming months leading up to the Soccer World Cup and beyond. Most of the divisions have, during the quarter to September 2009, achieved better profits and asset management than the corresponding period in the prior year. The quality of earnings should improve towards the end of the current financial year and performance is anticipated to be in line with expectations. Performance of the recent acquisition in Eastern and Central Europe are in line with expectations.
14 Oct 2009 14:02:12
(Official Notice)
Shareholders are advised that the company's annual financial statements for the year ended June 30 2009 were posted to shareholders today and contain no modifications to the audited results, which were published on August 31 2009. The annual financial statements of Bidvest and the group and the Deloitte - Touche report are available for inspection at the registered offices of the company.



Notice is hereby given that the annual general meeting of the company will be held at 08:30 on Tuesday, November 17 2009, at Third Floor, Bidvest House, 18 Crescent Drive, Melrose Arch, Johannesburg, 2196, to transact business as stated in the notice of the annual general meeting.
08 Oct 2009 09:15:52
(Media Comment)
Bidvest, a diversified group, said yesterday a European watchdog has cleared it's EUR 250 million acquisition of a global food-service business, bringing the deal to finality. The company said the European Union's competition body had given the acquisition it's unconditional approval, paving the way for Bidvest to acquire the Nowaco Group, which operates in the Czech Republic and Slovakia as Nowaco and in Poland as Farutex.
07 Oct 2009 14:54:39
(Official Notice)
Bidvest shareholders are referred to the announcement dated August 3 2009 regarding the acquisition by Bidvest of 100% of the issued share capital of Nowaco Czech Republic s.r.o, and 100% of the issued share capital of Farutex Sp.zo.o . Bidvest is pleased to advise that the condition precedent referred to in the August 3 Announcement, being European Union competition clearance, was fulfilled on September 25 2009. The acquisition is unconditional and closure has been effected from Wednesday, October 7 2009.
02 Oct 2009 09:36:40
(Media Comment)
According to Business Report, Bidvest planned to reduce its holding in its Namibian unit from 89% to 52% after it lists on the Namibian Stock Exchange on 26 October 2009. It would do this to meet affirmative action targets. The newly-listed Bidvest Namibia will raise NAD364.5 million via the public offer, which it will use to explore Namibian acquisition opportunities.
31 Aug 2009 07:58:07
(C)
28 Aug 2009 15:16:09
(Official Notice)
The board of Bidvest has with effect from August 28 2009 appointed Nkateko Peter Mageza as an independent non-executive director of the company.
12 Aug 2009 09:13:01
(Official Notice)
Bidvest announces that it expects headline earnings per share and basic earnings per share for the year ended June 30 2009 to be 12% to 14% lower than those of the prior year.



The decline in headline earnings is in part due to the expensing of one off closure and reorganisation costs within the motor retail and UK foodservice and Ontime Automotive businesses. Net of tax these one off costs amount to 40cps.



Basic earnings were positively impacted by the sale of the investment in Enviroserv Ltd but negatively impacted by the impairment of property, plant and equipment, the disposal and closure of certain subsidiaries and operations as well as the IFRS impairment of approximately R160 million in the value of the group's listed equity accounted investments.



These decisive actions were deliberately taken to put the group in a stronger position at a time of uncertainty and worldwide economic recession. Difficult times provide opportunity and Bidvest is alert to the potential this offers.



This trading statement has not been reviewed or reported on by Bidvest's external auditors. The release of the announcement of the results for the year ended June 30 2009 will be published on 31 August 2009.
03 Aug 2009 08:59:07
(Official Notice)
Bidvest announces that it has entered into an agreement in terms of which it will acquire 100% of the issued share capital of Nowaco Czech Republic sro ("Nowaco"), a company incorporated in Czech Republic and 100% of the issued share capital of Farutex Spzoo ("Farutex"), a company incorporated in Poland (collectively "the Nowaco Group"), from funds affiliated with JPMorgan Partners and managed by CCMP Capital Advisors LLC, and from Bancroft Private Equity LLP ("the vendors"), subject to the fulfilment of the condition precedent referred to below ("the acquisition").



History and nature of business

The Nowaco Group is the number one delivered wholesaler to the foodservice and independent retail markets in Central and Eastern Europe. Nowaco focuses on the Czech Republic and Slovakia while Farutex serves the Polish market.



Salient terms of the acquisition

Bidvest will purchase 100% of the issued shares in the Nowaco Group from the vendors for an enterprise value consideration of EUR250 million cash and debt free. The acquisition will be initially funded from existing banking facilities of Bidvest which will ultimately be converted into a mix of debt and equity. Management of each business have committed to acquiring between 5% and 10% of the companies subsequent to completion. The vendors have given limited warranties, which are usual in a transaction of this nature.



Condition precedent

The acquisition is subject to the receipt of European Union competition clearance.



Effective date of the acquisition

The effective date of the acquisition is expected to be in the third quarter of 2009, once European Union competition clearance is obtained.



Categorisation of the acquisition

The acquisition is a Category 2 transaction in terms of the JSE Listings Requirements. In addition, the acquisition will result in Nowaco and Farutex becoming a subsidiary company of Bidvest and accordingly the articles of association of both companies will be amended to conform to schedule 10 of the JSE Listings Requirements.
02 Jun 2009 10:03:07
(Official Notice)
The group announced the appointment of Craig Andrew Brighten as company secretary with effect from June 1 2009. Accordingly David Edward Cleasby, the group FD, has resigned as company secretary with immediate effect.
28 Apr 2009 11:10:35
(Media Comment)
According to Finweek, Bidvest has continued quietly raising its stake in Comair. This is despite denying it had any intentions of increasing its stake above the 20% it had previously acquired. Over the past twelve months Bidvest has purchased another 5% from directors.
02 Mar 2009 07:52:47
(C)
Revenue increased by 11.3% to R60 billion (R53.9 billion). Trading profit rose by 6.4% to R2.6 billion (R2.5 billion) and net attributable profit was up 7.7% to R1.6 billion (R1.5 billion). In addition, headline earnings fell by 8.9% to 454cps (498.1cps).



Dividend

A dividend of 100cps has been declared.



Prospects

The challenging economic conditions are set to continue as the realities of the fallout from the global financial crisis takes effect. The group remains committed to its decentralised business model as the best foil to the risks associated with the worldwide economic climate. Divisions continue to optimise opportunities across various geographies and industries whilst remaining focussed on the basic deliverables. The balance sheet remains strong and Bidvest will continue to seek out strategic acquisition opportunities.



Bidvest's focus remains on improving the management of working capital. In the medium term the goal is on increasing incremental returns from recent investments. The current environment is an opportunity to strengthen the company's skills base as human capital seeks strength and stability in a volatile market. The 'World Cup effect' is gaining momentum in South Africa as the country moves closer to 2010. Several opportunities have already been contracted and significant effort continues to be directed at achieving direct gains.



The economies of the UK and to a lesser extent Europe have slowed considerably. The UK businesses have taken some hard decisions and management is optimistic the rationalisation programme undertaken will yield improved results in the medium term. In Asia Pacific, Bidvest remains confident that the Australian and New Zealand businesses are well placed to gain further market share and entrench their leading market positions. Established bases in Hong Kong and Singapore continue to evolve and remain the springboard to growth in other geographies in the region. Bid Auto's markets should benefit from a falling interest rate environment and the increase in new car prices will improve the returns and demand in the used vehicle market.



Bidvest remains committed to sustained value creation through superior trading performance and returns improvement, whilst ensuring a prudent capital structure with appropriate leverage.
26 Feb 2009 15:53:42
(Official Notice)
Mr David Edward Cleasby, Group Financial Director, has been appointed as company secretary to the group with effect from February 26 2009 until such time as a suitable replacement had been found for Mrs MA David.
20 Feb 2009 13:14:14
(Official Notice)
Bidvest anticipates HEPS for the six months ended December 31 2008 to be down 9% on the previous interim period. EPS are anticipated to be up by 9%. The decline in headline earnings is due to the expensing of R165 million in closure and reorganisation costs in certain operations within motor retail and the UK foodservice and Ontime Automotive businesses. All other businesses in the group performed in line with expectation. Net of tax these costs amount to 40cps. Therefore, without these closure and rationalisation costs HEPS would have decreased by 1% on the previous interim period. These decisive actions were deliberately taken to put the group in a stronger position at a time of uncertainty and worldwide economic recession. Difficult times provide opportunity and Bidvest is alert to the potential this offers. A detailed announcement of the results for the six months ended December 31 2008 will be published on March 2 2009.
02 Dec 2008 07:15:01
(Media Comment)
Business Day reported analysts as saying that Bidvest will continue to feel the effects of the global economic downturn, but that the group is ready to make acquisitions because it is a well managed business. In addition to agreeing with other analysts, Cavan Osborne, an Old Mutual Investment Group (SA) analyst, expected Bidvest to entrench itself strongly in its various industries with increased market share.
01 Dec 2008 09:06:11
(Official Notice)
Bidvest hosted an investor day on Friday, 28 November 2008. In the interests of the equitable dissemination of information, a summary of the more significant issues raised are summarized on the Bidvest website www.bidvest.com.
28 Nov 2008 16:12:00
(Official Notice)
It is with regret that Bidvest wishes to inform shareholders of the unfortunate and untimely passing of Ms Margaret David, company secretary to the group on 25 November 2008.
17 Nov 2008 17:15:41
(Official Notice)
Shareholders are advised that further to the AGM held on 17 November 2008, special resolution number 1 and ordinary resolutions numbers 1, 2, 3, 4, 5 and 6.1 to 6.8 proposed in the notice to shareholders dated 24 October 2008 were passed without modification by the requisite majority of shareholders. The special resolution will be lodged with the Registrar of Companies for registration, in due course.
17 Nov 2008 13:57:35
(Official Notice)
At the Bidvest annual general meeting held on 17 November 2008, the chief executive of Bidvest, Brian Joffe, informed shareholders of the following regarding the group's performance for the four month period ended 31 October 2008:

* Most divisions within the group, other than Bid Auto, the group's automotive division, and 3663 First for Foodservice ("3663"), the group's operations in the United Kingdom, have for the period to October achieved positive double digit trading profit growth;

* Bid Auto and, to a lesser extent 3663, have achieved negative growth for the same period. Bid Auto has been negatively affected by tight credit markets, poor retail sales and difficult conditions in the automotive industry in general. The second hand car market has, however, recently shown signs of improvement, which should impact positively on Bid Auto in the period ahead. 3663 has been negatively affected by the global financial crisis and its impact on demand. 3663's results for October 2008 were relatively better than the period July through September 2008;

* Based on our current assessment of the economy and provided the group achieve reasonable results in November and December, overall the group should achieve modest positive growth for the six month period ending December 31 2008;

* Bidvest's management continue to be committed to achieving solid results by driving the group's trading performance with particular focus on, inter alia, limiting the funds employed within the group.

This statement has not been reviewed or reported on by Bidvest's external auditors.
24 Oct 2008 09:29:44
(Official Notice)
Shareholders are advised that the company's annual financial statements for the year ended 30 June 2008, were posted to shareholders and contain no modifications to the audited results which were published on 1 September 2008. Deloitte - Touche audited the results and the annual financial statements of the company and their reports are available for inspection at the registered offices of the company.



Notice of the AGM

The notice of annual general meeting was posted to shareholders on 24 October 2008 and notice is hereby given that the annual general meeting of the company will be held at 8:30 on Monday, 17 November 2008, in the boardroom, Third Floor Bidvest House, 18 Crescent Drive, Melrose Arch, Johannesburg to transact such business as stated in the notice of the annual general meeting.
08 Oct 2008 13:45:41
(Official Notice)
Bidvest and Nampak ordinary shareholders are referred to the announcement by Bidvest released on the SENS of the JSE Ltd on September 29 2008 in relation to Bidvest making a pro rata offer to acquire up to 30% of the Nampak ordinary shares held by each of the Nampak ordinary shareholders, other than Nampak or any of its subsidiaries. In terms of the September 29 announcement shareholders were notified that Bidvest would evaluate the information made available in an announcement by Nampak on 26 September 2008, and the subsequent discussions with Nampak management in relation to matters contained in that announcement, before deciding on whether to proceed with the pro rata offer at the price, or at all. The Nampak Update, together with the material adverse change in market conditions, in Bidvest's view, constitutes a material adverse change in Bidvest's valuation of Nampak. Accordingly, Bidvest will not be proceeding with the pro rata offer.
02 Oct 2008 12:55:51
(Official Notice)
At the general meeting of Bidvest shareholders held on 2 October 2008, the ordinary resolution relating to a specific authority to allot and issue Bidvest shares pursuant to the proposed pro rata offer to Nampak Ltd ordinary shareholders, was passed by the requisite majority of Bidvest shareholders.
29 Sep 2008 08:03:29
(Official Notice)
Bidvest and Nampak Ltd ("Nampak") ordinary shareholders are referred to:

*the announcement by Bidvest to Nampak ordinary shareholders released on SENS on 17 September 2008 detailing the terms of an offer, subject to the fulfilment of the suspensive conditions, by Bidvest or a subsidiary of Bidvest, to acquire up to 30% of the Nampak ordinary shares held by each of the Nampak ordinary shareholders, other than Nampak or any of its subsidiaries ("the pro rata offer"); and

*the announcement by Nampak released on SENS on September 26 2008 regarding, inter alia, a Nampak trading statement and information to Nampak shareholders regarding the pro rata offer ("the Nampak September 26 announcement").



The pro rata offer

Bidvest draws the attention of shareholders to the suspensive condition to the pro rata offer which relates to there being no material adverse change in either market conditions or the financial position of Nampak which comes to the attention of Bidvest. Bidvest believes that the Nampak 26 September announcement contains information which may constitute a material adverse change. Accordingly, the information in that announcement, and subsequent discussions with Nampak management in relation to the matters contained therein, will need to be evaluated by Bidvest. Once the evaluation is complete, Bidvest will decide whether to proceed with the pro rata offer at the price, or at all. A further announcement in this regard will be made in due course.
12 Sep 2008 14:34:29
(Official Notice)
Revised dates and times relating to the final distribution out of share premium of 275cps, in lieu of a dividend, to Bidvest shareholders.



Introduction

The board of directors of Bidvest hereby announces the revised dates and times of the final cash distribution out of share premium of 275cps, in lieu of a dividend, awarded to shareholders ("the distribution") as previously announced on September 1 2008. These dates and times have been revised to facilitate the timing of the proposed pro rata offer by Bidvest or a subsidiary of Bidvest to Nampak ordinary shareholders as announced on SENS on September 4 2008.



Revised dates and times

The last day to trade 'cum' the distribution will be Friday, 26 September 2008. The Bidvest shares will trade 'ex' the distribution as from Monday, 29 September 2008 and the record date will be Friday, 3 October 2008. Share certificates may not be rematerialised or dematerialised during the period Monday, 29 September 2008 to Friday, 3 October 2008, both days inclusive. Payment will be made on Monday, 6 October 2008.
04 Sep 2008 10:23:02
(Official Notice)
The board of directors of Bidvest announces the terms of a transaction to be proposed between Bidvest or a wholly-owned subsidiary of Bidvest and Nampak shareholders, in terms of which Bidvest will make a pro rata offer to acquire 25%, of the ordinary shares held by each of the Nampak shareholders (the Pro-Rata Offer).



The Pro Rata Offer will be subject to the following suspensive conditions:

* to the extent required, the approval of Bidvest shareholders;

* the receipt by Bidvest of the requisite regulatory approvals;

* Bidvest owning at least 125 million Nampak ordinary shares (approximating 20% of the Nampak ordinary shares in issue) after completion of the Pro Rata Offer (the Minimum Nampak Shareholding). To this extent it is recorded that Bidvest currently holds approximately 5% of the Nampak ordinary shares in issue; and

* there being no material adverse change in market conditions or in the financial position of Nampak which comes to the attention of Bidvest.



A document containing details of the approvals required by Bidvest shareholders, including important dates and times relating thereto, will be posted to Bidvest shareholders in due course.
01 Sep 2008 07:39:45
(C)
Revenue grew 15.5% to R110.5 billion (2007: R95.7 billion), driven by market share growth and benefits from inflationary pressures. The trading margin was slightly improved at 4.8% (2007: 4.7%). Rand weakness had a positive effect on the translation of offshore earnings, particularly in Bidvest Asia Pacific. The rand traded at an average of R14.64 (2007: R13.95) against sterling. Basic earnings per share growth of 19.3% was achieved. Bidvest continued to trade off a growth platform and our balance sheet remains strong. Substantial returns on recent infrastructure investments were not anticipated in 2008, but the group expects incremental returns to grow. Net debt rose to R5.5 billion, though interest cover at 5.7 times reflects ample borrowing capacity. Net finance charges increased from R566.2 million to R931.0 million. Hardening interest rates and the effects of the global credit crisis highlighted the appropriateness of Bidvest`s conservative attitude to debt.



Dividends

Notice was given that a final cash distribution out of share premium of 275.0 (2007: 248.4) cents per share, in lieu of a dividend, has been awarded to members recorded in the register of the company at the close of business on Friday, 10 October 2008.



Prospects

Economic conditions remain challenging in most industries in which the group operates and may worsen in 2009. Bidvest has a record of growth in adverse conditions and strong performance in times of high inflation. The balance sheet remains strong and the group will look to leverage their position to fund strategic acquisitions. The group is seeking to unlock growth opportunities; South Africa, Africa, Europe, Australasia and East Asia. Internally, the group will focus on incremental returns from recent investments while optimising the management of working capital. Retention of skills and human capital development remain areas of management focus. The group will maintain the commitment to sustained shareholder value creation and are well on track to achieve their 2005 goal of doubling the size of Bidvest by 2010.
23 Apr 2008 12:26:15
(Official Notice)
Shareholders are referred to the announcement published by Bidvest on the Securities Exchange News Service of the JSE on 22 April 2008. Bidvest is authorised to announce that the scheme of arrangement and the related resolutions have been successfully registered with the Registrar of Companies.
22 Apr 2008 16:31:26
(Official Notice)
Shareholders are referred to the announcement published by Bidvest on SENS of the JSE Ltd on 14 April 2008 relating to the scheme of arrangement proposed by Bidvest and its wholly-owned subsidiary, BB Investment Company (Pty) Ltd. Bidvest is authorised to announce that the scheme has been sanctioned by the High Court of South Africa (Witwatersrand Local Division). A certified copy of the Order of Court sanctioning the scheme and the related resolutions have been lodged with the Registrar of Companies and registration is expected to occur on Wednesday, 23 April 2008. Registration will be announced on SENS.
14 Apr 2008 17:15:56
(Official Notice)
28 Mar 2008 08:19:57
(Official Notice)
Notice is hereby given in terms of an Order of Court in the above matter that the High Court of South Africa (Witwatersrand Local Division) has ordered that a meeting of the shareholders of the Applicant, other than BB Investment Company (Pty) Ltd, registered as such at the close of business on Thursday, 10 April 2008, be held on Monday, 14 April 2008 at 10h00 at the registered office of the Applicant: Bidvest House, 18 Crescent Drive, Melrose Arch, Melrose, Johannesburg.
27 Mar 2008 09:42:08
(Media Comment)
The Financial Mail noted that Bidvest looks likely to continue diversifying, defying market wisdom that focus is better than diversity. Barloworld Ltd and Imperial Holdings Ltd have both withdrawn from numerous large operations, leaving Bidvest looking almost anomalous in the JSE's industrial sector. The group has nine operating divisions and significant associates and investments. But Bidvest has plenty important defensive qualities, namely that it has avoided cyclical sectors, has diversified geographically and has a record of making successful acquisitions. Nevertheless, there has been some concern about the rise of its gearing ratio, albeit from historically low levels. Bidvest's CE Brian Joffe says that this was influenced partly by inadequate asset management, and some events such as the National Credit Act that were beyond the group's control. Joffe also commented that Bidvest has never been short of cash to finance good deals.
20 Mar 2008 11:49:28
(Official Notice)
Bidvest shareholders are hereby advised that Bidvest and its wholly owned subsidiary, BB Investment Company (Pty) Ltd ("BB Investment Company"), will acquire a pro rata portion of the company?s shares in issue, other than shares held by BB Investment Company by way of a scheme of arrangement.



The salient dates of the scheme have been finalised as follows:

*Last day to trade Bidvest shares on the JSE in order to be recorded in the register of Bidvest or in the sub-registers of Bidvest administered by CSDPs to vote at the scheme meeting Thursday, 3 April 2008

*Voting record date for scheme meeting Thursday, 10 April 2008

*Last day to lodge forms of proxy for the scheme meeting (by 10h00) and the general meeting (by 10h30) Friday, 11 April 2008

*Scheme meeting held (at 10h00) Monday, 14 April 2008

*General meeting held (at 10h30 or 10 minutes after the conclusion or adjournment of the scheme meeting, whichever is later) Monday, 14 April 2008

*Publish results of the scheme meeting and general meeting on SENS (expected date) Monday, 14 April 2008

*Court hearing to sanction the scheme (at 10h00 or as soon thereafter as Counsel may be heard) Tuesday, 22 April 2008

*Last day to trade in existing Bidvest shares on the JSE in order to be recorded in the register of Bidvest or in the sub-registers of Bidvest administered by CSDPs to participate in the scheme Wednesday, 30 April 2008

*Bidvest shares will trade under the new ISIN ZAE000117321 at commencement of trade Monday, 5 May 2008

*Bidvest shares will trade "ex" the scheme Monday, 5 May 2008

*Record date of the scheme to determine participation in the scheme Friday, 9 May 2008

*Operative date of the scheme from the commencement of business Monday, 12 May 2008

*Scheme consideration transferred or posted and new share certificates posted to certificated scheme participants (if documents of title are received on or prior to 10h00 on the record date of the scheme) or, failing that, within five business days of receipt of the relevant documents of title by the transfer secretaries Monday, 12 May 2008



The documentation relating to the scheme, which contains, inter alia, the notice of the scheme meeting and the notice of general meeting, will be posted to Bidvest shareholders on or about 20 March 2008.
03 Mar 2008 07:38:08
(C)
Bidvest produced satisfactory operating results for the half year to 31 December 2007. Headline earnings per share rose by 10.1% while operating profit increased by 17.9%. Revenue grew 12.6% to R53.9 billion, of which 9.3% was achieved through organic growth. The effects of the slowdown in the automotive industry on Bid Auto is pronounced as the rest of the group, excluding Bid Auto, grew headline earnings per share by 20.0%. The group trading margin improved slightly to 4.6% (2006: 4.4%).



Dividends

Notice was given that Bidvest intends to make an interim cash distribution by way of a pro rata share buy back. The implementation will be effected by way of a scheme of arrangement in terms of section 311 of the Companies Act for the repurchase of 1.82% of every members` shareholding in Bidvest at a price of R121.00 per share being a premium of 15.3% over the last 30 days weighted average share price of Bidvest. The payment will equate to an effective distribution of 220.0 cents per share (2006: 198.0 cents).



Prospects

Internationally our foodservice businesses continue to trade well. Acquisition opportunities continue to be sought across all geographies in order to extend and grow our international foodservice footprint. Angliss Asia holds much promise as it operates in high growth economies with ample opportunity for expansion in the surrounding regions. Approximately 30% of the group?s earnings are derived internationally and should rand weakness persist this will provide a positive hedge in the translation of the results of our international businesses. Locally the businesses, other than Bid Auto, are confident that the momentum achieved in the first half will continue into the next period. Economic conditions are challenging, yet manageable. A prolonged high interest rate cycle and sustained electricity supply constraints will have some negative impact on most businesses. The tightened credit conditions and higher inflation climate will present acquisition opportunities allowing the businesses to take advantage thereof. Management has placed an intense focus on the improvement in returns on funds employed in all divisions.
30 Jun 2006 10:59:06
(Media Comment)
Analysts had welcomed the group's board restructuring noted Business Day on 30 June 06. John Thompson of Nedcor Securities told the newspaper that an optimal size for the board would be 12 members.
28 Jun 2006 16:28:04
(Official Notice)
09 May 2006 17:58:56
(Official Notice)
Shareholders are referred to the announcement by Namsea on 27 March 06, announcing that Bidvest increased its shareholding in Namsea from 30.0% to 65.0% through the acquisition of Namsea shares at a price of 15.0cps. Bidvest would like to extend a voluntary offer to all the Namsea shareholders, other than Bidvest, to acquire the remaining Namsea shares not already held by Bidvest, being approximately 40.7 million shares.



The consideration payable will be 15.0cps, payable in cash amounting to a consideration of approximately R6.1 million. In the event that acceptances in terms of the offer are received in respect of not less than nine-tenths of the offer shares, Bidvest may elect to invoke the provisions of section 321 of the Namibian Companies Act, 61 of 1973 (as amended) in order to acquire the offer shares in respect of which acceptances have not been received, compulsorily. Should the provisions of Section 321 of the Namibian Companies Act be invoked, acceptable arrangements will be made in so far as to ensure such option holders are not prejudiced in any way. The offer is subject to the approval, to the extent legally required, by any regulatory authorities.



Shareholders are advised to exercise caution when dealing in their Namsea shares until publication of the offer document.
08 May 2006 08:21:08
(Official Notice)
Bidvest announced that its UK Foodservice subsidiary, 3663 First For Foodservice has today been informed that its contract to supply food products to the Ministry of Defence will not be renewed upon its expiry in September 2006. Shareholders are advised there will be no impact on the results of the group to 30 June 2006 and the impact in subsequent years will not be significant.
28 Mar 2006 16:06:59
(Media Comment)
Merrill Lynch named Super Group and Bell Equipment as possible take-over targets for Bidvest. According to Business Day, the stockbroker expects that Bidvest would have about R1.6 billion over and above it's operational cash by the end of 2006, following the group's disposal of its Dart Line ferry business for R650 million as well as share option proceeds from its Dinatla empowerment deal. Bidvest recently relaxed its acquisition policy for South African companies in which it previously insisted on acquiring only 100% equity or nothing. It would now consider acquiring significant shareholding with management control of large companies, enabling it to tap into bigger opportunities without stretching its balance sheet beyond prudent levels.
27 Feb 2006 14:44:36
(Official Notice)
Shareholders are referred to the Bidvest announcement of the unaudited results for the half year ended December 31 2005, which were released on Monday February 27 2006. In terms of the scheme of arrangement proposed by Dinatla Investment Holdings (Pty) Ltd between Bidvest and its shareholders, which was sanctioned by the High Court on November 18 2003, Dinatla acquired approximately 15% of the shares of scheme participants on the basis that for a period of three years ending on December 8 2006, all normal dividends and distributions in respect of the shares so acquired will accrue to the scheme participants or their successors. Accordingly, the distribution awarded to shareholders amounting to 162.0cps would be increased to 188.28cps to all shareholders, excluding Dinatla, recorded in the register of the company at the close of business on Friday March 24 2006.
27 Feb 2006 13:25:52
(C)
Headline earning per share increased by 21.8% to 368.6cps (302.7cps) with trading income increasing by 18.7% to R1.69 billion (R1.43 billion). The results were enhanced by a lower statutory tax rate and the benefits of last year's share buy-back. Strong operational performances were recorded by most of the group's businesses. Bidvest achieved revenue growth of 21.6% to R38.2 billion which included R2.2 billion from Deli XL which was consolidated with effect from 12 September 2005. The total benefit of this top line growth was not fully achieved due to higher input costs of increasing capacity and the higher fuel price. Trading margin decreased slightly from 4.5% to 4.4% reflecting the impact of Deli XL and a change in the profit contribution mix of the various businesses. Net income for the period rose 25.4% to R1.15 billion (R0.92 billion).



Dividend

An interim cash distribution out of share premium of 162.0cps (133.8cps) has been awarded to members recorded in the register of the Company at the close of business on Friday, March 24 2006.



Prospects

The trading environments for many businesses in the group are favourable. Capacity expansion has taken place across the group to cater for current and future growth. The group to date has had a reasonably strong and inflexible approach to acquiring businesses where less than 100% of the equity was acquired. This acquisition policy of total control is being relaxed in so far as new larger scale activities where Bidvest will consider acquiring a significant shareholding with management control. This revised policy will enable the group to take advantage of larger scale acquisition opportunities and utilise its skills in extracting value out of the investment. The group is optimistic of continuing to achieve above average returns and growth.
27 Feb 2006 13:24:55
(4)
In terms of the scheme of arrangement proposed by Dinatla Investment Holdings (Pty) Ltd between Bidvest and its shareholders, which was sanctioned by the High Court on November 18 2003, Dinatla acquired approximately 15% of the shares of scheme participants on the basis that for a period of three years ending on December 8 2006, all normal

dividends and distributions in respect of the shares so acquired will accrue to the scheme participants or their successors. Accordingly, the distribution

awarded to shareholders amounting to 162cps will be increased to 188.28cps to all shareholders, excluding Dinatla, recorded in the register of the company at the close of business on Friday March 24 2006.
08 Feb 2006 14:51:51
(Official Notice)
Bidvest has announced that it expects headline earnings per share for the six months ended December 31 2005 to be between 20% and 23% higher than the prior comparative period. Earnings per share are expected to be between 22% and 25% higher than the comparative period.



The release of the announcement of the interim results for the six month period ended December 31 2005 is expected to be published on February 27 2006.
25 Jan 2006 14:51:32
(Official Notice)
Bidvest concluded a transaction on 1 January 2006 for the sale of its cross channel ferry business in the United Kingdom, including the terminal at Dartford, Kent for GBP58.9 million. Bidvest noted that it would provide further details on the release of its results for the six months ended 31 December 2005, due to be released on or about Monday 27 February 2006.
25 Jan 2006 11:46:11
(Media Comment)
Bidvest acquired a controlling stake in Horeca Trade, a small Dubai-based company. According to Business Day the group intends on turning it into the largest food distributor in the United Arab Emirates.
04 Jan 2006 11:42:44
(Official Notice)
Rodger Graham has resigned as a director from the Bidvest board with effect from 31 December 2005. However, Mr Graham will continue his duties as a director of various subsidiaries within the group.



07 Dec 2005 08:16:08
(Official Notice)
Pieter Christiaan Steyn has resigned as a director from the bidvest board with effect from 30 November 2005 and a number of the boards within the Bidfreight division of the group, effective on November 29, 2005. However, Mr Steyn will continue his duties as a director of the following local and international subsidiaries, within the group:

*Bidfreight (Pty) Ltd

*Manica Group Namibia (Pty) Ltd

*Namsov Fishing Enterprises (Pty) Ltd

*Namsov Holdings (Pty) Ltd
04 Nov 2005 12:15:31
(Media Comment)
Bidvest announced in their annual report that the group would be investing about R2 billion in major capital-expenditure programmes over the next five years. According to Business Day, the Bidfreight transport division alone would spend R1 billion on new port-landside infrastructure.

24 Oct 2005 09:37:54
(Media Comment)
Bidvest's chairman, Cyril Ramaphosa, reportedly attended only one out of five board meetings in the 2005 financial year. For his pains Ramaphosa was paid R360 000 for his role as chairman. Shareholder activist Theo Botha told Business Day that this is a "glaring hole" in Bidvest's governance. " It's ridiculous that a company of Bidvest's size can allow its chairman to attend only one meeting. Surely, the company has a duty to explain why its chairman was hardly present."
12 Oct 2005 15:54:26
(Official Notice)
The annual general meeting of the Company will be held on Thursday November 3 2005 at 9:00 at the registered office of the Company, Bidvest House, 18 Crescent Drive, Melrose Arch.





15 Sep 2005 11:24:57
(4)
Shareholders are reminded that in terms of the scheme of arrangement proposed by Dinatla between Bidvest and its shareholders, Dinatla acquired approximately 15% of the shares of scheme participants on the basis that for a period of three years ending on December 8 2006, all normal dividends and distributions in respect of the shares so acquired will accrue to the scheme participants or their successors. Accordingly, the distribution awarded to shareholders amounting to 172.2 cents per share will be increased to 200.34 cents per share to all shareholders, excluding Dinatla, recorded in the

register of the company at the close of business on Friday September 16 2005.
09 Sep 2005 12:36:38
(Media Comment)
Bidvest now owns approximately 20% of Tiger Wheels after the group exercised a call option which formed part of the initial 17% stake it acquired in Tiger in January 05.

02 Sep 2005 11:15:08
(Official Notice)
Shareholders are referred to the announcement by Bidvest on July 15 2005 in terms of which Bidvest announced that it had entered into an agreement to acquire 100% of the issued share capital of Deli XL BV, a company incorporated in the Netherlands, from Koninklijke Ahold NV, subject to the approval of the European Union competition authorities. On September 1 2005 Bidvest received clearance for the acquisition from the Commision of the European Communities and accordingly the transaction is wholly unconditional. Delivery is expected to take place on September 12 2005.

22 Aug 2005 09:55:02
(C)
Revenue grew 22.5% to R62.8 billion (R51.3 billion) and trading income reached R3.2 billion (R2.5 billion), an increase of 24.4%. Excluding the benefits of the McCarthy acquisition, the group`s trading income would have increased by 14.5%. Bidvest achieved headline earnings per share growth of 26.2% to 686.6c (544.0c). The change in accounting policies with respect to operating leases has resulted in an additional charge to trading income of R19.1 million (R11.6 million). Had this change not taken place, headline earnings per share would have been 691.4c (546.7c), an increase of 26.5%. Income attributable to shareholders increased by 34.1% to R2.1 billion (R1.5 billion), benefiting from the new practice of accounting for goodwill, which does not require the restatement of comparatives. Bidvest took an opportunity arising from market weakness to repurchase a further 7.5 million shares at a cost of R532.1 million. The full benefits of the repurchases on headline earnings per share will be evident in the next financial year. A distribution of 200.34cps was declared for the period.



Prospects

The consumer-led growth in South Africa appears to be sustainable, underpinned by the increasing disposable income of an emerging middle class, which bodes well for the positive momentum in the country. The group`s businesses are in above-average growth markets which will assist in the delivery of above-average returns to stakeholders. Those businesses which currently underperform, remain the subject of intense focus. The acquisition of Deli XL presents an exciting opportunity to integrate and further develop a market-leading foodservice business in the Netherlands and Belgium. Initial focus will fall on the implementation of a turnaround strategy with core emphasis on extracting procurement value. Further acquisitive and organic opportunities will continue to be sought, both locally and internationally. Management is confident of meeting stakeholders` expectations and showing real growth in earnings across all the group`s businesses.
16 Aug 2005 17:45:56
(Official Notice)
Shareholders` attention is drawn to the announcement by Bidvest on July 15 2005. Shareholders are advised that discussions relating to the particular opportunity referred to have been mutually suspended and accordingly Bidvest has withdrawn the cautionary announcement.
21 Jul 2005 08:35:51
(Official Notice)
Bidvest expects headline earnings per share for the year ended 30 June 2005 to be 23% to 28% higher than those of the prior comparative year. This trading statement has not been reviewed or reported on by Bidvest`s external auditors. The audited results for the year ended June 30 2005 are expected to be released on or about 22 August 2005.
15 Jul 2005 10:38:39
(Official Notice)
Bidvest has announced that it has entered into an agreement, under the terms of which it will acquire 100% of the issued share capital of Deli XL B.V. (`Deli XL`), a company incorporated in the The Netherlands, from Koninklijke Ahold N.V. (`Ahold`) (`the vendor`), subject to receiving European Union competition clearance.



Deli XL is the market leading delivered foodservice wholesaler in The Netherlands (estimated 13% market share) and Belgium (estimated 4% market share), with Deli XL Belgium also providing foodservice products to the Luxembourg institutional market, having combined sales in 2004 of EUR819 m. Consolidation of the foodservice industry in these markets has started and Bidvest intends partaking in such process. Deli XL`s Dutch customer base consists of approximately 30 000 clients across three principal segments, being institutions, catering and regional hospitality, with a particularly strong position in the institutions and catering segments. Deli XL`s Belgium customer base of approximately 4 000 clients is segmented into two sectors, being institutions and catering - key accounts.



Bidvest will purchase 100% of the issued shares in Deli XL from the vendor for a consideration of approximately EUR56.7m and will procure that Deli XL will repay its outstanding net inter-company debt obligations to Ahold on completion, valuing Deli XL at an enterprise value of approximately EUR140m. The acquisition will be funded from existing banking facilities of Bidvest.



Cautionary announcement

Bidvest is continuing to explore business opportunities, both locally and internationally, in relation to its foodservice business and Bidvest shareholders are accordingly advised to exercise caution in dealing in their shares until a further announcement in this regard is published.
28 Feb 2005 07:40:21
(C)
Bidvest reported a satisfactory 29.1% increase in headline earnings per share to 319.5c for the 6 months to December 31 2004. Revenue grew 41.6% to R31.5bn, boosted by the inclusion of McCarthy Ltd in the interim results for the first time. Trading income was up 30.9% to R1.48bn, but margins dropped from 5.1% to 4.7%, due primarily to the contribution from the lower margin McCarthy Motor business. Cash generation from the underlying businesses remained robust, though there was a net utilisation of funds due to seasonal working capital requirements, increased capital expenditure and strategic acquisitions. The group`s balance sheet remains healthy with the interest cover at 11.2 times. Net gearing increased to 36%.



Acquisition

Bidvest announced on January 21 2005 that it had acquired approximately 17% of Tiger Wheels Ltd, with an option to go to 20%. The motivation for the acquisition is to expand the group`s exposure to automotive products. Tiger Wheels has four manufacturing plants in the US, Germany, Poland and Babelegi, as well as retail outlets and the distribution rights for Yokohama tyres in South Africa.



Distribution

The distribution to shareholders out of share premium, in lieu of a dividend, increased 18% to 133.8c a share (113.4c a share).



Prospects

Ongoing rand strength and deflation have driven management to increase market share and rationalise the cost base in the face of declining selling prices across many of the group`s businesses. Businesses not generating acceptable returns will be subject to intense focus, which may result in asset realisations. Asset management and cash flow across the group is expected to improve in the months ahead. Management is confident of showing real growth in earnings in the second half of the financial year against the comparative period which included the acquisition of McCarthy and the minority interests of Bidvest plc.


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