The Bidvest Group Ltd - Amendment To Capitalisatio
THE BIDVEST GROUP LIMITED
Results for the half year ended December 31 2000
*DISTRIBUTION OUT OF SHARE PREMIUM AND CAPITALISATION ISSUE IN LIEU OF DIVIDEND
Notice is hereby given that, in lieu of an interim dividend, a cash payment of
40 cents per share will be paid out of share premium, and a capitalisation
issue of shares will be awarded in the ratio of 0,8631 new shares per 100
shares held, being equivalent to 41 cents per share, to members registered in
the books of the Company at the close of business on March 16 2001. The total
value awarded to shareholders in lieu of a dividend is 81 (1999 - 72) cents per
share. Share certificates in respect of the capitalisation shares and cheques
in respect of the cash payment out of share premium and any fractional
entitlements will be posted to members at their registered addresses or
electronically transferred to their bank accounts on or about March 21 2001.
After the payment out of share premium, the Company will be able to pay its
debts as they become due in the ordinary course of business, and its
consolidated assets, fairly valued will exceed its consolidated liabilities.
In terms of a special resolution passed at the Annual General Meeting held on
November 16 1999, it was agreed that dividends and/or fractional payments
amounting to R10,00 or less would be aggregated and donated to the Bidvest
Chairman's Fund, for distribution to charitable institutions.
Application will be made to the JSE Securities Exchange for the capitalisation
shares to be listed with effect from the commencement of business on March 19
2001.
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