VKB BELEGGINGS PROPRIETARY LIMITED (“VKB”) ACQUIRES 21% SHAREHOLDING IN BKB LIMITED (“BKB”)

It is with great excitement that the Board of VKB Beleggings (Pty) Ltd announces that after successful negotiations, VKB entered into agreements in terms of which VKB purchased 21.05% of the issued shares in BKB. BKB and VKB also agreed to enter into negotiations regarding a possible opportunity to investigate synergies between their respective businesses and/or certain of their operations during the discussion period which will end on 29 February 2020, as a joint effort to investigate an appropriate structure for a potential combination transaction. If the parties do not reach agreement during this period, BKB has the right to repurchase the BKB shares held by VKB, and VKB likewise has a similar right to resell its shares in BKB to BKB.

In terms of the agreement, VKB has the right to acquire further shares from BKB shareholders offering their shares for sale during the discussion period, subject to VKB's shareholding not exceeding 30% of the issued shares in BKB without the consent of the majority of the directors of BKB, and at a price of at least R16 per BKB share.

In terms of representation, it was agreed that for as long as VKB holds at least 20% of the issued shares in BKB, two suitably qualified and experienced VKB nominees will be appointed to the BKB Board of Directors. Messrs Paul Carshagen and Koos van Rensburg were nominated by VKB's Board for this purpose.

Mr. Paul Carshagen, Chairman of the Board of Directors of VKB Beleggings (Pty) Ltd, desribed the transaction as follows:
“VKB is a proud agri-business with a rich history of 100 years and its shareholders being commercial agri-producers. One of VKB’s strategic goals is aimed at becoming involved in the livestock industry especially considering that the majority of VKB’s commercial agri-producers’ farming operations also include largescale livestock farming components.
The opportunity presented to VKB to invest in BKB is a major step towards achieving this strategic goal of VKB which we believe will also contribute to BKB’s business through our collective efforts.
However, our investment in BKB offers substantially more than a mere financial investment as we believe it serves as a solid foundation to unlock the synergies that exist between BKB and VKB for the benefit of both the commercial agri-producers in South Africa as well as the shareholders of BKB and VKB.
Considering the vast geographical areas within which BKB and VKB respectively operate, it also presents the ideal opportunity to jointly focus on VKB and BKB’s strengths by learning from one another’s bespoke competencies aimed at ultimately complementing our respective businesses. In addition, the industries of BKB and VKB also provide the potential for greater marketing opportunities for the variety of products which VKB and BKB each offer.

Through this investment in BKB, VKB is thankful for the opportunity to pursue the realisation of our strategic ambitions and could not have asked for a better “partner” being also a 100-year-old business such as BKB to jointly lay the foundation for the next 100 years. We look forward to an excellent relationship.”

Follow the link for the complete joint press release issued by the Boards of Directors of BKB and VKB.

 

VKB Skenk voer ter waarde van R1 miljoen

VKB Skenk voer ter waarde van R1 miljoen

 

Groot dele van Suid-Afrika gaan tans gebuk onder intense droogtetoestande. Behalwe vir graanareas wat hierdeur geraak word, is daar dele in ons land wat so erg deur die droogte geaffekteer word dat daar diere op ‘n daaglikse basis vrek weens ‘n gebrek aan kos en water.
Gegewe die bostaande het VKB besluit om sy hand uit te steek na van die geaffekteerde areas. VKB se direksie het ‘n skenking bewillig van R1 miljoen in die vorm van voer en mielies asook die distribusie daarvan.
Die groot uitdaging is om seker te maak dat hierdie voer uitkom op die plekke waar dit die nodigste is. Daarom is daar besluit om die kanaal van georganiseerd Landbou te gebruik. Die skenking sal gemaak word aan Vrystaat landbou wat weer op sy beurt die voer sal kanaliseer deur plaaslike distrik/landbouverenigings om seker te maak die nood word verlig waar dit die grootste is.
Produsente/distrikte wat in ‘n erge mate geraak is deur die droogte en gevolglik nie kos vir hulle diere het nie, word aangemoedig om d.m.v. hulle plaaslike landbouverenigings of direk kontak te maak met Vrystaat Landbou om hierdeur in aanmerking te kom vir ‘n gedeelte van hierdie voer.
VKB en Vrystaat Landbou is deur hierdie aksie verbind daartoe om in die beste belang van elke
produsent in Suid-Afrika op te tree.

Gesamentlik uitgereik deur VKB Landbou en Vrystaat Landbou

Navrae: Francois Swanepoel l 058 863 8201
VKB Landbou
Gerhard Kriel | 051 444 4609
Vrystaat Landbou

  

 

2018/12/10

REAKSIE OP E-NUUS BERIG

Na aanleiding van ‘n nuusberig op Sondag 9 Desember 2018 deur e-Nuus wat tot verwarring kan lei, wil VKB net ‘n regstelling maak. VKB distansieer homself ten sterkste van ‘n moontlike vertolking dat VKB onteiening sonder vergoeding ondersteun.
VKB het ʼn Mediadag op Woensdag 5 Desember 2018 gehou om ontwikkelingswerk, onder VKB se leiding, bekend te stel. Toetrede tot aspersieverbouing was ʼn belangrike tema, en dit het nie oor grondonteiening gehandel nie. Donderdagaand het e-Nuus hieroor berig, waar positief op die ontwikkeling en die aspersieprojek gefokus is.

Sondagaand 9 Desember 2018 was daar ʼn tweede berig op e-Nuus waarin gesê is dat opkomende boere en ontwikkelings-organisasies ten gunste is van grondonteiening sonder vergoeding. Dit het voortgevloei uit onderhoude wat e-Nuus met AFASA en GFADA gevoer het, waarin die organisasies se standpunte daaroor weergegee is.

VKB is, deur Agbiz, aktief betrokke by die onderhandelingsproses rondom onteiening sonder vergoeding, wat op die hoogste vlak met die Regering gevoer word. Agbiz verteenwoordig die belange van al die landboubesighede asook ander rolspelers en kommersiële banke.

Aflaaibare weergawe

Bewaaringslandbou Dag

Dekgewasse en Vee-integrasie in Bewaringslandbou

24 Augustus 2017

‘N Bewaringslandbou-boeredag is by Ascent Graansilo naby Vrede aangebied deur VKB Landbou, Ascent studiegroep, GraanSA en die Mielie Trust. Die doel van die dag was om te kyk na die integrasie van vee en dekgewasse in Bewaringslandbou. Izak Dreyer van Ascent het sy praktyke aan ons verduidelik en ook gepraat oor sy onlangse besoek aan die VSA om na hulle Bewaringslandbou te kyk. Sy boodskap wat dat ons die natuur moet naboots, of Bio-mimic soos hy dit noem. As ons Bewaringslandbou hier wil toepas moet ons begin om soveel as moontlik organiese materiaal op te bou.

Op die foto van links is: Paul Zietsman, voorsitter van Ascent studiegroep, Dewald Vosloo, voedingkundige van Saamstaan Voere, dr Robert Steynberg van VKB, Izak Dreyer, VKB bewaringsboer, Egon Zunckel, VKB bewaringsboer, Suzette Smalberger van VKB, Jerry Maritz van VKB Graan, Jaco Heckroodt, senior ekonoom VKB.

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