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The Bidvest Group Limited - Final distribution to shareholders

Release Date: 04/09/2006 09:00
Code(s): BDEO BVT
Wrap Text

The Bidvest Group Limited - Final distribution to shareholders The Bidvest Group Limited Incorporated in the Republic of South Africa ("Bidvest" or "the Company") Registration number: 1946/021180/06 Share code: BVT ISIN: ZAE000050449 The promise of new life reaches far and wide, where it takes root and starts to flourish Final distribution to shareholders Shareholders are referred to the Bidvest announcement of the audited results for the year ended June 30 2006, which were released on Monday September 4 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 final distribution awarded to shareholders amounting to 207,0 cents per share will be increased to 240,25 cents per share to all shareholders, excluding Dinatla, recorded in the register of the Company at the close of business on Friday September 29 2006. Johannesburg September 1 2006 www.bidvest.com Date: 04/09/2006 09:00:04 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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