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THE BIDVEST GROUP LIMITED - Results of election regarding declaration of scrip distribution with a cash dividend alternative

Release Date: 13/10/2014 10:15
Code(s): BVT     PDF:  
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Results of election regarding declaration of scrip distribution with a cash dividend alternative

THE BIDVEST GROUP LIMITED
(“Bidvest”)
(Registration number 1946/021180/06)
Share code: BVT
ISIN ZAE 000117321
(“Bidvest”)

RESULTS OF ELECTION REGARDING DECLARATION OF SCRIP DISTRIBUTION WITH A CASH DIVIDEND ALTERNATIVE


Shareholders are referred to the announcements released on the Stock Exchange News Service ("SENS") on
September 1 2014 and September 26 2014 relating to the declaration of the final distribution for the year ended
June 30 2014 by way of the issue of fully paid ordinary shares of R0.05 each as a scrip distribution (“Scrip
Distribution”) or a cash dividend alternative of R4.32 per Bidvest ordinary share (“Cash Alternative”) payable to
Bidvest shareholders.

Shareholders holding 230,768,990 Bidvest shares or 69.7% of Bidvest shares elected the Scrip Distribution
resulting in the issue of 3,576,797 new Bidvest ordinary shares, retaining R997,0 million of equity for Bidvest.
The balance of shareholders holding 100,468,229 Bidvest ordinary shares elected to receive the Cash Alternative
and accordingly, a cash dividend of R434,0 million is payable today to those shareholders.

Electronic fund transfer payments in respect of certificated shareholders who elected to receive the Cash
Alternative will be credited to the bank accounts of such certificated shareholders today and share certificates in
respect of certificated shareholders who elected, by default, the Scrip Distribution will be posted today to
certificated shareholders at their risk. As detailed in the circular to shareholders dated September 22 2014, no
divided cheques will be paid to shareholders and accordingly for shareholders who have not provided their
banking details to Bidvest’s transfer secretaries, Computershare Investor Services Proprietary Limited, the cash
dividend will remain unpaid until such time as the shareholder has provided his/her relevant banking details to
receive the cash dividend by electronic funds transfer.

The central securities depository participant or broker custody accounts of dematerialised shareholders will be
credited today with their new shares or cash dividend for dematerialised shareholders receiving the Scrip
Distribution or Cash Alternative respectively.


Sandton

October 13 2014



 Sponsor and Investment Bank to Bidvest
 Investec Bank Limited

Date: 13/10/2014 10:15:00 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.

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