The BidVest Group Limited - Final distribution to shareholders
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`)
Final distribution to shareholders
Shareholders are referred to the Bidvest announcement of the final results for
the period ended June 30 2004, which were released today Monday, August 23
2004.
In terms of the scheme of arrangement proposed by Dinatla Investment Holdings
(Pty) Limited (`Dinatla`) between The Bidvest Group Limited and its
shareholders, which was sanctioned by the High Court on November 18 2003,
Dinatla acquired approximately 15% of the shares of scheme participants on the
basis that for a period of three years ending on December 8 2006, all normal
dividends and distributions in respect of the shares so acquired will accrue to
the scheme participants or their successors.
Accordingly, the dividend and distribution awarded to shareholders amounting to
136,8 cents per share will be increased to 159,548 cents per share to all
shareholders, excluding Dinatla, recorded in the register of the Company at the
close of business on Friday, September 17 2004, representing a cash dividend of
79,774 cents per share and a distribution out of share premium of 79,774 cent
per share.
Sandton
August 23 2004
Date: 23/08/2004 08:05:57 AM Produced by the JSE SENS Department
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