JPMorgan increases stake in Bidcorp to 10.86%

Bid Corporation Limited (JSE:BID) announced that JPMorgan Chase & Co. ("JPMorgan") has increased its beneficial interest in the company's securities to 10.86%, up from a previously held 8.23%. The notification, received by Bidcorp on April 14th, 2025, complies with Section 122(3)(b) of the Companies Act, 2008, and paragraph 3.83(b) of the JSE Listings Requirements. Bidcorp has duly filed the required notice with the Takeover Regulation Panel ("TRP"). The company's board of directors accepts responsibility for the information contained in the announcement, relying on the notice information provided by JPMorgan. This increase reflects a significant shift in ownership and could influence investor sentiment towards Bidcorp.