JPMorgan reduces stake in Bidcorp to 4.28%

Bid Corporation (JSE: BID) announced today that JPMorgan Chase & Co. has reduced its stake in the company. According to a notification received on March 31, 2025, JPMorgan's clients now hold 4.28% of Bidcorp's total securities in issue. This follows the disposal of a beneficial interest by JPMorgan, as reported under Section 122(1) of the Companies Act. Bidcorp has duly filed the required notice with the Takeover Regulation Panel (TRP). The company's board of directors affirms responsibility for the accuracy and completeness of the information, relying on JPMorgan's provided data. The announcement is dated April 2, 2025, and The Standard Bank of South Africa Limited serves as the sponsor.