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BVT - The Bidvest Group Limited - Announcement In Respect Of Salary Increase

Release Date: 20/11/2009 11:44
Code(s): BVT
Wrap Text

BVT - The Bidvest Group Limited - Announcement In Respect Of Salary Increase Of SG Pretorius THE BIDVEST GROUP LIMITED ("Bidvest" or "the company") (Registration number 1946/021180/06) Share code: BVT ISIN ZAE 000050449 ANNOUNCEMENT IN RESPECT OF SALARY INCREASE OF SG PRETORIUS Shareholders are referred to the questions raised by Mr Theo Botha at the annual general meeting on November 17 2009 with regards to the salary increase granted to Mr SG Pretorius for the 2009 financial year. The matter has been fully investigated and Bidvest reports that Mr Pretorius was in fact granted a 6% salary increase by the Group Remuneration Committee and not the 35% as disclosed in the 2009 annual financial statements. This arose as a result of an administrative error in McCarthy`s which has now been corrected. Bidvest regrets any inconvenience and embarrassment this may have caused to shareholders. Johannesburg November 20 2009 By order of the Board Sponsor: Investec Bank Limited Date: 20/11/2009 11:44:01 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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