BVT - The Bidvest Group Limited - Announcement In Respect Of Salary Increase
BVT
BVT
BVT - The Bidvest Group Limited - Announcement In Respect Of Salary Increase
Of SG Pretorius
THE BIDVEST GROUP LIMITED
("Bidvest" or "the company")
(Registration number 1946/021180/06)
Share code: BVT ISIN ZAE 000050449
ANNOUNCEMENT IN RESPECT OF SALARY INCREASE OF SG PRETORIUS
Shareholders are referred to the questions raised by Mr Theo Botha at the
annual general meeting on November 17 2009 with regards to the salary
increase granted to Mr SG Pretorius for the 2009 financial year. The matter
has been fully investigated and Bidvest reports that Mr Pretorius was in fact
granted a 6% salary increase by the Group Remuneration Committee and not the
35% as disclosed in the 2009 annual financial statements. This arose as a
result of an administrative error in McCarthy`s which has now been corrected.
Bidvest regrets any inconvenience and embarrassment this may have caused to
shareholders.
Johannesburg
November 20 2009
By order of the Board
Sponsor:
Investec Bank Limited
Date: 20/11/2009 11:44:01 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
