RESULTS OF SCHEME MEETING IN RESPECT OF OFFER TO B
THE BIDVEST GROUP LIMITED - RESULTS OF SCHEME MEETING IN RESPECT OF OFFER TO
BIDCORP PLC MINORITIES
The Bidvest Group Limited
Incorporated in the Republic of South Africa
Registration number 1946/021180/06
Share code: BVT
ISIN: ZAE000050449
(`Bidvest` or `the Company`)
RESULTS OF SCHEME MEETING IN RESPECT OF OFFER TO BIDCORP PLC MINORITIES
Shareholders attention is drawn to the announcement made on 25 May 2004 which
noted that The Independent Directors of Bidcorp plc and the board of Bidvest
announced that they have reached agreement on the terms of a recommended
proposal, under which Bid Services Division (UK) Limited (`BSD`) (a wholly-owned
subsidiary of Bidvest) would acquire all of the Bidcorp Shares not already owned
by Bidvest at 20 pence per share in cash by way of a scheme of arrangement. Set
out below is an announcement made by Bidcorp plc on the London Stock Exchange in
respect of the results of the scheme meeting held earlier today.
`9 July 2004
BIDCORP PLC (`Bidcorp` or `the Company`)
Result of the Court Meeting and EGM
At the Company`s court meeting and extraordinary general meeting held earlier
today all resolutions were duly passed including, inter alia, the approval of
the Scheme of Arrangement (`the Scheme`).
The Scheme remains conditional upon sanction by the Court and the registration
of the Final Court Order by the Registrar of Companies in England and Wales,
which is expected to occur on 2 August 2004.`
Sandton
9 July 2004
ENQUIRIES:
Bidvest
David Cleasby (Investor Relations)
Tel: +27 (0) 11 772 8706
Investec Bank Limited Deutsche Securities SA (Pty) Ltd
Date: 09/07/2004 02:45:56 PM Produced by the JSE SENS Department
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