Blue Label: Metal Industries reduces stake below 5%

Blue Label Telecoms (JSE:BLU) announced that Metal Industries Benefit Fund Administrators NPC has decreased its beneficial interest in the company's ordinary shares to 4.99% of the total issued shares. This transaction triggers notification requirements under Section 122(3) of the Companies Act and Section 3.83(b) of the JSE Listings Requirements. Blue Label confirmed receipt of the required notice and has duly filed it with the Takeover Regulation Panel, as mandated by Section 122(3)(a) of the Act. The Blue Label board assumes responsibility for the accuracy and completeness of the information provided in the announcement. The announcement is dated 14 March 2025. Investec Bank Limited acted as the sponsor for this announcement.