The Bidvest Group's shareholding in Adcock Ingram Holdings Ltd has increased to 50.1%.
Bidvest has proven the resilience of its business model by delivering pleasing operating and financial results. We have also made excellent progress on our stated objectives, which include, the strengthening and realigning of our portfolio to focus on our seven core divisions, strategically growing within our core sectors, ensuring a strong and capable leadership team, directing capital spend on meaningful infrastructural developments, and positioning for international diversification”,
Lindsay Ralphs – Chief executive.
The acquisition of the South African subsidiary of First Data Corporation, a global payment company, gave Bidvest Bank exclusive rights to acquiring technology it was using to provide merchant banking services to clients, said Bidvest Bank MD Japie van Niekerk.
In compliance with Section 3.59 of the listing requirements of the JSE Limited, Bidvest is pleased to announce the appointment, with immediate effect, of Carol Winifred Nosipho Molope (Nosipho) as an Independent Non-executive Director; to the Bidvest board.
Bidvest is pleased to announce that it has entered into an agreement to acquire 100% of Noonan from Alchemy Partners as well as Noonan’s current management team (“the Acquisition”).
Back in 1942 brothers Lukie and Sam Matus started a hardware and tool business. Little did they know that 75 years later Matus would be the number one trusted tool and hardware partner in the industry.
After about a year in development Bidvest Car Rental has introduced South Africa’s first keyless car rental fleet with the launch of their app, Snappdrive.
Following Moody's Investors Service (Moodys or the agency) rating action on the South African sovereign on Friday, June 9 2017, the agency yesterday downgraded Bidvest’s credit rating as it is constrained by the sovereign rating.
Bidvest has delivered a robust trading profit, driven mainly by its core South African operations.
Bidvest successfully unbundled its food service operations and separately listed Bid Corporation Limited (Bidcorp) on the JSE Limited on 30 May 2016.
In the half year to December 31, 2015, Bidvest achieved 13% growth in headline earnings per share (HEPS) to 1 001,5 cents despite challenging trading conditions, particularly in Southern Africa.
The Bidvest Group has announced that it will restructure its business operations into three distinct and independent companies, each with its own statutory board of directors comprising senior executive management and independent directors.
Shareholders are referred to the Stock Exchange News Service (“SENS”) announcement released by Bidvest on Thursday, March 19 2015 notifying Adcock shareholders of the posting by Bidvest of an offer circular containing, inter alia, details of the Offer and the important dates and times in relation thereto.
Bidvest benefited from an excellent Foodservice contribution in the six months to December 31, 2014, helping to lift headline earnings per share by 5,2% to 886,3 cents.
BIDVEST’S half-year results to December 31, 2013 were buoyed by good organic growth resulting in a 16,2% rise in headline earnings per share (HEPS) to 842,3 cents.
BIDVEST’S half-year results to December 31, 2013 were buoyed by good organic growth resulting in a 16,2% rise in headline earnings per share (HEPS) to 842,3 cents.
Bidvest and CIH have formed a Consortium ("the Consortium") and announced a cash offer to acquire up to 34.5% of the issued ordinary shares in Adcock (excluding treasury shares).
The Bidvest Group Limited (Bidvest) and Mvelaserve Limited (Mvelaserve) have jointly announced that Bidvest will make an offer to Mvelaserve shareholders to acquire those shares Bidvest do not currently own.
BIDVEST, the listed services, trading and distribution group, is to invest R18 million into a UCT-pioneered heart valve concept with the potential to save countless African lives every year.
Bidvest posts a 27,4% rise in headline earnings per share for the year to the end of June 2012. Pleasing trading results were supplemented by a R399,1 million profit on partial disposal of Bidvest’s stake in Mumbai International Airport Private Limited (MIAL)
Bidvest's half-year results to December 31, 2011, showed a 37,5% increase in headline earnings per share (HEPS) to 742,3 cents. On a normalised basis, HEPS were up 13,6% to 613,4 cents.
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.
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)'.
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.
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.
Brian Joffe, chief executive of Bidvest, will host the Group's year end results presentation on Monday, August 29 2011 at 12h00 SA time.
Shareholders are advised that Bidvest has recently received various unsolicited proposals relating to its Foodservice Business.
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.
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.
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.
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).
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.
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%.
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.
In extremely challenging economic conditions respectable trading results have been
achieved. Bidvest’s headline earnings per share decline by 12,9% for year to June 2009.
Bidvest expands its foodservice interests into Central and Eastern Europe. BIDVEST, the international services, trading and distribution group, today (August 3 2009) announced a major expansion of its international foodservice interests.
Rise in basic earnings per share Bidvest's basic earnings per share rise 8,7% for half-year to December 2008. Trading profit rises 6,4% to R2,6 billion.
Results for the half year ended December 31 2008 Revenue +11,3% to R60,0 billion Trading profit +6,4% to R2,6 billion Basic earnings per share +8,7% to 530,4 cents Headline earnings per share -8,9% to 454,0 cents Distributions per share -13,6% to 190,0 cents.
In compliance with Rules 3.59b of the JSE Listing Requirements, the following information is disclosed:
Mr David Edward Cleasby, Group Financial Director, has been appointed as Company Secretary to the
Group with effect from February 26 2009.
Bidvest anticipates headline earnings per share (HEPS) for the six months ended December 31 2008 to be down 9% on the previous interim period. Earnings per share (EPS) are anticipated to be up by 9%.
Bidvest's headline earnings per share rise 10,1% for year to June 2008 For 19 consecutive years, 24% compound growth in headline earnings per share has been achieved.
Bidvest's headline earnings per share rise 10,1% for half-year to December 2007.
Bidvest posts 20,6% rise in headline earnings per share for year to June 2007.
In compliance with Rules 3.59 - 3.62 of the JSE Listing Requirements, the following information is disclosed:
On Wednesday, August 1 2007, The Bidvest Group Limited successfully listed a R1.5 billion, seven (7) year, corporate bond.
The Bidvest Group has signed an agreement to acquire Viamax Holdings (Pty) Limited, the fleet management and leasing business of Transnet Limited, for approximately R1 billion. The acquisition is subject to approval by the Competition Commission
David Cleasby, who was appointed as financial director designate last year, will assume full responsibility with effect from July 9 2007. Cleasby, who was also head of group corporate finance and investor relations, succeeds Peter Nyman. Nyman will remain an executive director with scaled down responsibilities focussing on special projects prior to his pending retirement.
The Bidvest Group announced today (Sunday, July 1) that it is changing the name of its specialist banking business, Rennies Bank Limited to Bidvest Bank Limited with effect from July 1 2007.
Bidvest announces that it expects headline earnings per share for the year ended June 30 2007 to be 20% to 22% higher than those of the prior year.
Bidvest today (Sunday, July 1 2007) announced its expansion into general commercial banking services through the transformation of specialist Rennies Bank into a provider of a wider range of financial services.
Shareholders of Bidvest are referred to the cautionary announcement dated April 10 2007 wherein Bidvest informed shareholders that it was involved in negotiations relating to a number of potential acquisitions, which if successfully concluded, may have had a material impact on Bidvest's share price. The status of these acquisitions is set out below.
Shareholders of Bidvest are informed that the company is currently involved in negotiations relating to a number of potential acquisitions. Each of these potential transactions is at a different stage of the transaction process. If these transactions are successfully concluded it may have a material impact on Bidvest’s share price. Shareholders are accordingly advised to exercise caution in their dealings in Bidvest shares until such time as further announcements are made.
Bidvest has announced what chief executive Brian Joffe describes as "most pleasing results" with operating profit up by 22,7% on revenue growth of 25,2% for the six months ended 31 December 2006.
Bidfreight, the freight management arm of the listed Bidvest Group, today (Monday, November 6 2006), commissioned Africa's fastest and largest grain ship unloader as its bulk terminal operations in Durban harbour set a new benchmark for berth occupancy efficiency.
BIDVEST, the listed trading and services company, today (26 September 2006) announced the successful extension of its black economic empowerment (BEE) partnership with the Dinatla consortium.
Bidvest posts 22,6% increase in headline earnings per share for year to June 2006. Unbroken history of annual compound growth in headline earnings per share over 18 years in excess of 30,0%.
Namsea shareholders are referred to the joint announcement by Bidvest and Namsea dated May 9 2006, regarding a voluntary offer by Bidvest to all shareholders of Namsea other than Bidvest (“the offer”). All the conditions precedent to the offer have been met and accordingly, the closing date of the offer will be September 15 2006 (“the closing date”).
Bidvest announces that it expects both headline earnings per share and basic earnings per share for the year ended June 30 2006 to be between 20% to 25% higher than those of the prior year.
Further to the announcement regarding the restructuring of the Board made on the release of the Group's results for the half year ended December 31 2005, Bidvest is pleased to announce its current directorate:
At a gala function in Sandton on Wednesday, June 21 2006, Bidvest was announced the winner of the Investment Analysts Society award for the best reporting and corporate communication in the industrial services sector for the second consecutive year.
In the 2002/2003 season, Bidvest pledged their support of South African soccer by investing in a sponsorship with the Wits University Football Club. So fruitful was this relationship that, in May 2006 Bidvest, bought a large stake in the club and have formed a formidable partnership that most other PSL clubs can only envy.
Bidvest announces that its UK Foodservice subsidiary, 3663 First For Foodservice has today been informed that its contract to supply foodproducts to the Ministry of Defence (“MOD”) will not be renewed upon its expiry in September 2006. Shareholders are advised there will be no impact on the results of the Group to June 30 2006 and the impact in subsequent years will not be significant.
Bidvest today (Monday, February 27) posted a 21,8% increase in headline earning per share and an 18,7% increase in trading income for the six months to 31 December 2005.
Bidvest announces that it has concluded a transaction for the sale of its cross channel ferry business in the United Kingdom, including the terminal at Dartford, Kent for an amount of £58,9 million (fifty eight million nine hundred thousand pounds sterling). The transaction is effective from January 1 2006.
The Bidvest Group Ltd, owners of 3663 First for Foodservice, the UK's leading foodservice wholesale distributor, has acquired a majority shareholding in HORECA Trade in the United Arab Emirates , with the intention of developing it to become the number one foodservice distribution company in the region.