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The Bidvest Group Limited - Final Distribution

Release Date: 22/08/2005 07:57
Code(s): BDEO BVT
Wrap Text

The Bidvest Group Limited - Final Distribution 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") Creating value and building strength from diversity Final distribution to shareholders Shareholders are referred to the Bidvest announcement of the audited results for the year ended June 30 2005, which were released on Monday August 22 2005. In terms of the scheme of arrangement proposed by Dinatla Investment Holdings (Pty) Limited ("Dinatla") between The Bidvest Group Limited 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 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. Johannesburg August 19 2005 Date: 22/08/2005 07:57:58 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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