JPMorgan Reduces Stake in Clicks Group Limited

Clicks Group Limited, a South African company listed on the JSE, has announced that one of its major shareholders, JPMorgan Chase & Co., has disposed of a portion of its shares in the company.

The disposal reduced JPMorgan's total beneficial interest in Clicks Group to 3.00% of the ordinary shares in issue. The interests were held by subsidiaries of JPMorgan Chase & Co, including J.P. Morgan Equities South Africa Proprietary Limited (1.38%), J.P. Morgan Investment Management Inc. (1.01%), and others.

The disclosure was made to the Takeover Regulation Panel in accordance with section 122(3)(a) of the Companies Act, 2008. The board of directors accepted responsibility for the information contained in the announcement, stating that it is true to their knowledge and belief.