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BVT - The Bidvest Group Limited - Fulfilment of condition precedent

Release Date: 07/10/2009 14:53
Code(s): BVT
Wrap Text

BVT - The Bidvest Group Limited - Fulfilment of condition precedent THE BIDVEST GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1946/021180/06) Share code: BVT ISIN: ZAE000117321 ("Bidvest") FULFILMENT OF CONDITION PRECEDENT Bidvest shareholders are referred to the announcement dated August 3 2009 ("the August 3 Announcement") regarding the acquisition ("the Acquisition") by Bidvest of 100% of the issued share capital of Nowaco Czech Republic s.r.o ("Nowaco"), and 100% of the issued share capital of Farutex Sp.zo.o ("Farutex"). 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. Accordingly, the Acquisition is unconditional and closure has been effected from today, Wednesday, October 7 2009. By order of the Board Johannesburg October 7 2009 Sponsor Investec Bank Limited Date: 07/10/2009 14:53:05 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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