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The Bidvest Group Limited
Annual report 2006
Financial highlights and results
The history of Bidvest
Our Group in brief
Consolidated segmental analysis
Performance at a glance
Geographical footprint
External appraisals
Directorate►
Chairman's statement
Chief executive's report
Financial director's report
Review of operations►
Summarised sustainability report
Corporate governance
Financial statements
Shareholders
Management directory
Shareholders' diary
Administration
Glossary
 
Shareholders
as at June 30 2006
 
MAJOR SHAREHOLDERS
Owner list
Major shareholders holding in excess of 1% of the issued capital of the Company, as per the share register and information supplied by nominee companies, and based on the total number of shares in issue:
   
  %
Dinatla Investment Holdings (Pty) Limited 13,9
Public Investment Corporation Limited (SA) 12,3
BB Investment Company (Pty) Limited 8,0
Old Mutual Life Assurance Company (SA) Limited 3,2
Investment Solutions Limited 2,9
Income Fund of America Inc. 2,2
Sanlam Lewensversekering Beperk 2,0
Liberty Life Association of Africa Limited 1,6
Momentum Life Assurance Limited 1,6
Nedbank Rainmaker Equity Fund 1,3
Eskom Pension Fund 1,2
Investec Value Fund 1,2
Simlend Main Account 1,2
European Pacific Growth Fund 1,1
JDL Holdings (Pty) Limited 1,0
Total 54,7
 
Manager list
Major fund managers investing in excess of 1% of the issued capital of the Company, as per the share register and information supplied by nominee companies, and based on the total number of shares in issue:
 
  %
RMB Asset Management (Pty) Limited 11,2
Investec Asset Management (Pty) Limited 10,3
Sanlam Investment Management (Pty) Limited 6,9
Old Mutual Asset Managers (South Africa) (Pty) Limited 5,2
Capital Research and Management Inc. 3,6
Stanlib Asset Management Limited 3,2
Public Investment Corporation Limited (SA) 2,8
Futuregrowth Asset Management (Pty) Limited 2,4
African Harvest Fund Managers (Pty) Limited 1,9
Polaris Capital (SA) (Pty) Limited 1,9
Coronation Fund Managers (Pty) Limited 1,8
Investec Securities Limited 1,4
The Boston Company Asset Management Limited 1,2
First State Investments (UK) Limited 1,1
Metropolitan Asset Managers Limited 1,1
Metal Industries Beneficial Fund Administrators 1,0
Total 57,0
 
ANALYSIS OF SHAREHOLDERS

Effective empowerment holdings   Empowerdex certificate in the 2006 Sustainability report  
Economic BEE ownership, calculated in terms of the BEE codes of good practice, is 41,4% with effective BEE control of 29,2%. The Dinatla BEE consortium effectively owns 15,0%, The Public Investment Corporation 13,4 % and a further 16,6% is controlled by BEE asset managers.

The Dinatla transaction was at the holding company level, including both the local and offshore operations of Bidvest. If the Dinatla BEE consortium had bought into the South African operations only, at the same transaction value, the total percentage BEE direct and indirect ownership, at the time of the transaction, would have been in excess of 50%.

As a listed company it is not possible to identify the gender of shareholders other than the economic woman’s ownership, calculated in terms of the BEE codes of good practice, of 21,8% via Dinatla.
 
Type of shareholder     Number
of shares
      %
Pension funds     98 485 866       30,3
Corporate holdings     45 001 744       13,8
Insurance companies     35 129 299       10,8
Unit trusts     71 401 192       22,0
Private investors     23 635 246       7,3
Other managed funds     22 477 980       6,9
Overseas banks     3 023 055       0,9
Treasury shares     26 024 016       8,0
      325 178 398       100,0
               
Location of beneficial shareholders              
South African private investors     23 635 246       7,3
South African registered funds     181 954 318       56,0
Foreign registered funds     48 563 074       14,9
South African corporate     45 001 744       13,8
Treasury shares     26 024 016       8,0
      325 178 398       100,0
               
Shareholder spread Number of
shareholders
  %  
Number of
shares
  %
               
1 – 10 000 12 525   92,8   11 522 827   3,5
10 001 – 50 000 556   4,1   12 941 603   4,0
50 001 – 100 000 153   1,1   10 710 092   3,3
100 001 – 500 000 193   1,4   42 582 636   13,1
500 001 – 1 000 000 32   0,2   22 160 957   6,8
1 000 001 – 5 000 000 39   0,3   84 335 156   26,0
Above 5 000 000 7   0,1   140 925 127   43,3
  13 505   100,0   325 178 398   100,0
 
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