Deadline looms for Bidvest Namibia share offer

October 15, 2009

The offer to the Namibian public of 50,7 million shares closes today, Thursday 15 October 2009 at 12pm ahead of the scheduled listing of Bidvest Namibia on the Namibian Stock Exchange on 26 October. The listing is expected to raise N$313.6 million, earmarked for further investment and expansion of local opportunities.

Bidvest Namibia houses the local interests of South Africa-based Bidvest, the internationally represented trading and services group. The public listing will reduce the Bidvest Group stake in the Namibian business from 89% to 52%.

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