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The Bidvest Group Limited - Interim distribution to shareholders

Release Date: 27/02/2006 14:30
Code(s): BDEO BVT
Wrap Text

The Bidvest Group Limited - Interim distribution to shareholders 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 Interim distribution to shareholders 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) 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 162,0 cents per share will be increased to 188,28 cents per share to all shareholders, excluding Dinatla, recorded in the register of the Company at the close of business on Friday March 24 2006. Johannesburg February 27 2006 Date: 27/02/2006 02:30:11 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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