JPMorgan clients boost stake in Bidcorp to over 5%

Bid Corporation Limited (Bidcorp) announced on October 9, 2025, that it received notification on October 8, 2025, from JPMorgan Chase & Co. (JPMorgan) regarding a significant acquisition of its securities by JPMorgan's clients. This transaction increased the beneficial interest held by JPMorgan's clients in Bidcorp to 5.09% of the total number of securities in issue.

The disclosure was made in compliance with Section 122(3)(b) of the Companies Act, 2008, and paragraph 3.83(b) of the Listings Requirements of the JSE Limited. Bidcorp has also filed the required notice with the Takeover Regulation Panel.

Bidcorp’s board of directors confirmed their responsibility for the information in the announcement, stating it relies on JPMorgan's provided notice in Form TRP 121.1. They affirm that, to the best of their knowledge and belief, the information is accurate and complete, omitting nothing material. The announcement was sponsored by The Standard Bank of South Africa Limited.