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BIDVESTCO LIMITED - BIBIDV - Availability of the Issuers And Guarantors Financial Statements for the Year Ended 30 June 2019

Release Date: 29/10/2019 08:42
Code(s): BID11 BID09 BID10 BID07 BID08 BID12 BID13 BID14 BID15     PDF:  
Wrap Text
BIBIDV - Availability of the Issuer’s And Guarantor’s Financial Statements for the Year Ended 30 June 2019

Bidvestco Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1966/011512/06)
Company code: BIBIDV
(“Bidvestco” or “the Issuer”)

AVAILABILITY OF THE ISSUER’S AND GUARANTOR’S FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE
2019

In accordance with paragraph 7.4 of the Debt Listings Requirements, noteholders are advised that the Annual
financial statements of the Issuer and the Integrated Report of The Bidvest Group Limited (“the Guarantor”) for
the year ended 30 June 2019 (collectively “the financial statements”), are available for inspection at the
Issuer’s registered office.

The financial statements are available on the Guarantor’s website at https://www.bidvest.co.za/dmtn-cp.php
and https://www.bidvest.co.za/integrated-annual-report-archive.php.

Noteholders are further advised that the audit reports on the financial statements were unqualified, with no
modifications applicable.

Furthermore, the Issuer would like to advise noteholders of the following restatement to the Issuer’s
previously published annual financial statements for the year ended 30 June 2018 (“the previous financials”).
The loan receivable from the Guarantor was erroneously classified as a current asset in the previous financials
and to correct this error, the Issuer has reclassified the loan from current assets to non-current assets. This
restatement had no impact on the Statement of other comprehensive income nor the Statement of cash flows.


29 October 2019

Debt Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa

Date: 29/10/2019 08:42:00
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