To view the PDF file, sign up for a MySharenet subscription.

THE BIDVEST GROUP LIMITED - Voluntary announcement regarding the proposed acquisition by Bidvest of Brandcorp Holdings.

Release Date: 04/03/2013 12:08
Code(s): BVT     PDF:  
Wrap Text
Voluntary announcement regarding the proposed acquisition by Bidvest of Brandcorp Holdings.

THE BIDVEST GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/021180/06)
(Share code: BVT)
(ISIN: ZAE000117321)
(“Bidvest”)


FURTHER    VOLUNTARY    ANNOUNCEMENT    REGARDING    THE   PROPOSED
ACQUISITION BY BIDVEST OF BRANDCORP HOLDINGS (PROPRIETARY) LIMITED

Shareholders are referred to the voluntary announcement dated December 3 2012 in which
shareholders were advised that subject to the fulfilment of certain conditions precedent it has entered
into an agreement in terms of which Bidvest will acquire the entire issued share capital of Brandcorp
Holdings (Proprietary) Limited (“Brandcorp”) for an undisclosed amount (“the Brandcorp Acquisition”).
Brandcorp is currently controlled by Ethos Private Equity.

Due to certain conditions precedent not having been met, shareholders are informed that the parties
have mutually agreed not to proceed with the transaction.

Johannesburg
March 4 2013


Financial Advisor and Sponsor to Bidvest:
Investec Bank Ltd          


Legal Advisor to Bidvest:
Edward Natahn Sonnenbergs


Legal Advisor to the Sellers:
Webber Wentzel in alliance with Linklaters

Date: 04/03/2013 12:08:00 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.

Share This Story