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Bidvest shares: Standard Bank Group increases stake to 5.09%

April 1, 2025 at 09:03 PM UTCBy FilingReader AI

Johannesburg, 2025-04-01 -- The Bidvest Group Limited (JSE:BVT) announced today that Standard Bank Group Limited has increased its stake in the company. According to the disclosure, accounts managed by Standard Bank Group now hold a total interest of 5.09% of the total issued shares of Bidvest. This increase triggered a notification requirement under Section 122(3)(b) of the Companies Act, 2008, as well as paragraph 3.83(b) of the JSE Limited Listings Requirements. Bidvest has filed the required notice with the Takeover Regulation Panel. The Bidvest Board affirmed the accuracy of the information provided by Standard Bank Group. Investec Bank Limited acted as sponsor for the announcement.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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