| Tue 22 Apr 2008, 16:30 | | BVT - The Bidvest Group Limited - Sanctioning of t |
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BVT
BVT
BVT - The Bidvest Group Limited - Sanctioning of the scheme of arrangement
THE BIDVEST GROUP LIMITED
Registration number 1946/021180/06)
Share code: BVT & ISIN ZAE000050449
("Bidvest" or "the Company")
SANCTIONING OF THE SCHEME OF ARRANGEMENT
Shareholders are referred to the announcement published by Bidvest on the
Securities Exchange News Service ("SENS") of the JSE Limited ("JSE") on 14 April
2008 relating to the scheme of arrangement ("scheme") proposed by Bidvest and
its wholly-owned subsidiary, BB Investment Company (Proprietary) Limited ("BB
Investment Company").
Bidvest is authorised to announce that the scheme has been sanctioned by the
High Court of South Africa (Witwatersrand Local Division). A certified copy of
the Order of Court sanctioning the scheme and the related resolutions have been
lodged with the Registrar of Companies and registration is expected to occur on
Wednesday, 23 April 2008. Registration will be announced on SENS.
Salient dates of the scheme are detailed below:
SALIENT DATES 2008
Last day to trade in existing Bidvest Wednesday, 30 April*
shares on the JSE in order to be recorded
in the register of Bidvest or in the sub-
registers of Bidvest administered by CSDPs
to participate in the scheme
Bidvest shares will trade under the new Monday, 5 May
ISIN ZAE000117321 at commencement of trade
Bidvest shares will trade "ex" the scheme Monday, 5 May
Record date of the scheme to determine Friday, 9 May
participation in the scheme
Operative date of the scheme from the Monday, 12 May
commencement of business
Scheme consideration transferred or posted Monday, 12 May
and new share certificates posted to
certificated scheme participants (if
documents of title are received on or
prior to 10h00 on the record date of the
scheme) or, failing that, within five
business days of receipt of the relevant
documents of title by the transfer
secretaries
Dematerialised scheme participants will
have the scheme consideration credited to
their account held at their CSDP or
broker.
* The last day to trade in existing Bidvest shares on the JSE in order to
participate in the scheme was amended to Wednesday 30 April 2008 as a
consequence of Friday, 2 May 2008 having been classified as a public holiday.
Shareholders are reminded that this timetable supersedes the dates published in
the documentation regarding the scheme which was posted to all shareholders
1. No dematerialisation or rematerialisation of existing Bidvest shares will
take place after Wednesday, 30 April 2008. Dematerialisation and
rematerialisation of Bidvest shares under the new ISIN ZAE000117321 will re-
commence after Monday, 12 May 2008.
2. All times indicated above are South African times.
Johannesburg
22 April 2008
Sponsor
Investec Bank Limited
Joint Sponsor
Deutsche Securities
Attorneys
Edward Nathan Sonnenbergs Inc
Date: 22/04/2008 16:30:01 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.
