| 2011 |
| December 13 |
| Fitch upgrades Bidvest► |
Bidvest, the international services, trading and distribution group, today (December 13 2011) welcomed news that the Fitch ratings agency has upgraded the Group’s national long-term rating to 'AA-(zaf)' from 'A+(zaf)' and national short-term rating to 'F1+(zaf)' from 'F1(zaf)'. |
| |
| December 01 |
| Investment in the Chilean Foodservice market► |
| The Bidvest Group have taken their first “steps” into the South American Foodservice market through the acquisition of 60% of Deli Meals, Santiago, Chile. The acquisition was completed on Monday, November 21. |
| |
| October 24 |
| Bidvest wanderers proudly pink campaign► |
| The Bidvest Group in association with Cricket South Africa and the Gauteng Cricket Board have partnered in a campaign that aims to reduce the risk of breast cancer by aligning themselves to Cansa(The Cancer Association of South Africa) as well as the McGrath Foundation of Australia. |
| |
| August 18 |
| Bidvest to pursue foodservice growth rather than realise cash► |
| Unsolicited proposals for the foodservice interests of the Bidvest Group, the internationally diversified trading and services business, have been turned down by the Bidvest board. |
| |
| July 25 |
| Year end results presentation ► |
| Brian Joffe, chief executive of Bidvest, will host the Group’s year end results presentation on Monday, August 29 2011 at 12h00 SA time. |
| |
| July 6 |
| Cautionary announcement ► |
| Shareholders are advised that
Bidvest has recently received
various unsolicited
proposals
relating
to
its Foodservice Business. |
| |
| June 30 |
| Bidvest bids for Mercantile ► |
Mercantile Bank Holdings (JSE:MTL), the lender controlled by Portugal’s Caixa Geral de Depositos SA, share price jumped 25% to 25c after it received an unsolicited takeover offer from Bidvest of R0.355 a share.
|
| June 22 |
| Bidvest taking sip of Icelandic Glacial ► |
South African industrial group Bidvest Group Ltd will buy 14.59 percent of Icelandic Water Holdings for $13.5 million, the Icelandic spring water producer said on Tuesday.
|
| June 22 |
| Notice of meeting and proxy form ► |
Notice is hereby given that an extraordinary general meeting of shareholders of the Company will be held in the Bidvest boardroom, 18 Crescent
Drive, Melrose Arch, on Friday, July 15 2011, at 08:00.
|
| 2010 |
| December 22 |
| Acquisition of Seafood Holdings Limited ► |
Bidvest, the diversified industrial company, is pleased to announce that it has acquired 100% of the share capital of Seafood Holdings Limited ("Seafood") for an enterprise value of GBP 45 million (approximately R473 million).
|
| March 01 |
| Bidvest reports 9% rise in headlines earnings per share for half year ► |
Results for the half-year ended December 31 2009 showed a rise of 9,0% in Bidvest’s headline earnings per share (HEPS).
Cash generated by operations rose 229,7% to R3,0 billion.
|
| February 11 |
| Trading Update for the six month period ended December 31 2009 ► |
Bidvest anticipates headline earnings per share (HEPS) for the six month period ended December 31 2009 to be up by between 8% and 10% on the previous interim period, after the expensing of R53,4 million of acquisition costs in respect of the eastern European acquisitions, Nowaco and Farutex. These acquisition costs would have been previously capitalised to the cost of investment but in terms of the revised IFRS3 accounting standard are now included as an expense in headline earnings. If HEPS were to be adjusted for the impact of these acquisition costs, HEPS would be up by between 12% and 14%.
|
| 2009 |
| October 21 |
| Bidvest proud to secure Wanderers naming rights ► |
BIDVEST, the international services, trading and distribution group, today (Wed. October 21) announced in a joint-statement with Gauteng Cricket Board that it has secured the naming rights to Wanderers cricket stadium for the next five years.
|
| October 7 |
| Bidvest ranked among the world’s best businesses ► |
BIDVEST, the international services, trading and distribution group, has been named one of the world’s top 40 companies in the authoritative global rankings published by management consulting firm A T Kearney and BusinessWeek.
|
| October 1 |
| Listing of Bidvest Namibia on the Namibian Stock Exchange. ► |
Bidvest Namibia, the consolidation of Bidvest’s businesses in Namibia, is scheduled to list on the Namibian Stock Exchange on October 26 2009.
Our Namibian assets – which include fishing and similar commercial businesses to those of Bidvest in South Africa - have been successfully consolidated ahead of the listing. A transformation dynamic has been built into the Namibian business ahead of the listing with the aim of giving an empowerment lead to the new nation's private sector. Bidvest Namibia will be one of the largest listed companies on the Namibian Stock Exchange. The businesses include a broad spectrum of well-recognised brands with the operations being divided into two holding companies, Bidfish and Bidcom.
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