BVT - The Bidvest Group Limited - Results Of Annual General Meeting And
BVT
BVT
BVT - The Bidvest Group Limited - Results Of Annual General Meeting And
Voluntary Trading Update
THE BIDVEST GROUP LIMITED
("Bidvest" or "the company")
(Registration number 1946/021180/06)
Share code: BVT ISIN ZAE 000050449
RESULTS OF ANNUAL GENERAL MEETING AND VOLUNTARY TRADING UPDATE
Shareholders are advised that futher to the Annual General Meeting held today
November 17 2009, special resolution number 1 and ordinary resolutions
numbers 1,2,3,4, 5, 6.1 to 6.8 and 7.1 proposed in the notice to ordinary
shareholders dated October 26 2009 were passed without modification by the
requisite majority of shareholders. The special resolution will be lodged
with CIPRO for registration, in due course.
Trading update:
Trading conditions remain reasonably tough, however they are expected to
improve in the coming months leading up to the Soccer World Cup and beyond.
Most of the divisions have, during the quarter to September 2009, achieved
better profits and asset management than the corresponding period in the
prior year. The quality of earnings should improve towards the end of the
current financial year and performance is anticipated to be in line with
expectations.
Performance of the recent acquisition in Eastern and Central Europe are in
line with expectations.
This trading update has not been reviewed or reported on by the company`s
auditors.
Johannesburg
November 17 2009
By order of the Board
Sponsor:
Investec Bank Limited
Date: 17/11/2009 15:15:10 Produced by the JSE SENS Department.
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