Standard Bank increases stake in Growthpoint Properties

Growthpoint Properties Limited [JSE:GRT] has disclosed that Standard Bank Group Limited ("Standard Bank") has increased its shareholding in the company. The notification, made in compliance with the Companies Act 71 of 2008 and JSE Listings Requirements, reveals that Standard Bank’s total beneficial interest now amounts to 5.13% of Growthpoint's total issued ordinary shares. As required by the Companies Act, Growthpoint has filed the necessary notice with the Takeover Regulation Panel. Growthpoint's board has affirmed its responsibility for the announcement's accuracy, ensuring no omission of information impacting its importance. Investec Bank Limited is acting as the Corporate Advisor and Sponsor to Growthpoint. The announcement is dated 17 April 2025.