THE BIDVEST GROUP LIMITED - Cautionary announcemen
8 Feb 2016
BVT 201602080001A
Cautionary announcement
The Bidvest Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021180/06
Share code: BVT ISIN ZAE 000117321
('Bidvest' or 'Bidvest Group')
Cautionary announcement
Shareholders of Bidvest ('Shareholders') are referred to the announcement released on the Stock
Exchange News Service of the JSE Limited ('JSE') on October 7 2015 ('the October 7 Announcement')
in terms of which Shareholders were advised that Bidvest was in the process of formalising the
restructure of its business operations and management focus.
Further to the rationale set out in the October 7 Announcement and in order to provide Shareholders
with the opportunity to participate directly in Bidvest's foodservice operations (the 'Foodservice
Business'), Bidvest intends to unbundle and separately list the Foodservice Business on the main
board of the JSE ('the Proposed Transaction').
The successful completion of the Proposed Transaction will be subject to conditions precedent,
including approval by the relevant regulatory authorities.
If successfully concluded, the Proposed Transaction may have an effect on the price of Bidvest's
securities. Accordingly, Shareholders are advised to exercise caution when trading in Bidvest securities
until a further announcement in this regard is made.
Johannesburg
February 8 2016
Financial advisor and transaction sponsor
The Standard Bank of South Africa Limited
Legal advisor
ENSAfrica
Tax advisor
Cliffe Dekker Hofmeyr
Sponsor
Investec
Date: 08/02/2016 07:05:00 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.
The Bidvest Group Limited issued this content on 08 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 February 2016 05:48:06 UTC
Original Document: http://www.profiledata.co.za/sens.asp?id=265238
The Bidvest Group Limited is a diverse group. Net sales (before intragroup) break down by activity as follows:
- integrated facilities management services (31.3%): facilities management, security services, travel management, airlines, etc.;
- sales of cars (23.6%): activity carried out, at the end of June 2021, with more than 100 car dealers;
- distribution of equipment and office supplies (19.3%);
- manufacturing and trading of industrial equipment and consumer products (15.2%): industrial tools, lifting and handling equipment, agricultural machinery, hardware equipment, household appliances, leisure equipment and accessories, kitchen utensils, household products, electronic equipment, etc.;
- port handling services (6.6%);
- financial services (2.8%);
- other (4.8%): mainly environmental and tourism services, real estate asset management and share acquisition activity.
South Africa accounts for 83.1% of net sales.