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THE BIDVEST GROUP LIMITED - Cautionary announcement

Release Date: 08/02/2016 07:05
Code(s): BVT     PDF:  
Wrap Text
Cautionary announcement

The Bidvest Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021180/06
Share code: BVT ISIN ZAE 000117321
(“Bidvest” or “Bidvest Group”)


Cautionary announcement

Shareholders of Bidvest (“Shareholders”) are referred to the announcement released on the Stock
Exchange News Service of the JSE Limited (“JSE”) on October 7 2015 (“the October 7 Announcement”)
in terms of which Shareholders were advised that Bidvest was in the process of formalising the
restructure of its business operations and management focus.

Further to the rationale set out in the October 7 Announcement and in order to provide Shareholders
with the opportunity to participate directly in Bidvest’s foodservice operations (the “Foodservice
Business”), Bidvest intends to unbundle and separately list the Foodservice Business on the main
board of the JSE (“the Proposed Transaction”).

The successful completion of the Proposed Transaction will be subject to conditions precedent,
including approval by the relevant regulatory authorities.

If successfully concluded, the Proposed Transaction may have an effect on the price of Bidvest’s
securities. Accordingly, Shareholders are advised to exercise caution when trading in Bidvest securities
until a further announcement in this regard is made.


Johannesburg

February 8 2016


Financial advisor and transaction sponsor
The Standard Bank of South Africa Limited

Legal advisor
ENSAfrica

Tax advisor
Cliffe Dekker Hofmeyr

Sponsor
Investec

Date: 08/02/2016 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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