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THE BIDVEST GROUP LIMITED - RESULTS OF SCHEME MEETING IN RESPECT OF OFFER TO

Release Date: 09/07/2004 14:45
Code(s): BDEO BVT
Wrap Text

THE BIDVEST GROUP LIMITED - RESULTS OF SCHEME MEETING IN RESPECT OF OFFER TO BIDCORP PLC MINORITIES The Bidvest Group Limited Incorporated in the Republic of South Africa Registration number 1946/021180/06 Share code: BVT ISIN: ZAE000050449 ("Bidvest" or "the Company") RESULTS OF SCHEME MEETING IN RESPECT OF OFFER TO BIDCORP PLC MINORITIES Shareholders attention is drawn to the announcement made on 25 May 2004 which noted that The Independent Directors of Bidcorp plc and the board of Bidvest announced that they have reached agreement on the terms of a recommended proposal, under which Bid Services Division (UK) Limited ("BSD") (a wholly-owned subsidiary of Bidvest) would acquire all of the Bidcorp Shares not already owned by Bidvest at 20 pence per share in cash by way of a scheme of arrangement. Set out below is an announcement made by Bidcorp plc on the London Stock Exchange in respect of the results of the scheme meeting held earlier today. "9 July 2004 BIDCORP PLC ("Bidcorp" or "the Company") Result of the Court Meeting and EGM At the Company"s court meeting and extraordinary general meeting held earlier today all resolutions were duly passed including, inter alia, the approval of the Scheme of Arrangement ("the Scheme"). The Scheme remains conditional upon sanction by the Court and the registration of the Final Court Order by the Registrar of Companies in England and Wales, which is expected to occur on 2 August 2004." Sandton 9 July 2004 ENQUIRIES: Bidvest David Cleasby (Investor Relations) Tel: +27 (0) 11 772 8706 Investec Bank Limited Deutsche Securities SA (Pty) Ltd Date: 09/07/2004 02:45:56 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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