TAKEOVER REGULATION PANEL - Panel statement concerning Multichoice Group Limited as regards Groupe Canal+ SA

Panel statement concerning Multichoice Group Limited as regards Groupe Canal+ SA


TAKEOVER REGULATION PANEL
(Established in terms of the Companies Act, 2008) ("TRP" or "Panel"

05 January 2024


Takeover Regulation Panel

            Panel statement concerning Multichoice Group Limited as regards Groupe Canal+ SA

1             Market Communications

              The Takeover Regulation Panel ("the Panel") is aware of the various communications and
              announcements that have been issued to the public in relation to Multichoice Group Limited
              ("Multichoice") and Groupe Canal+ SA and its concert parties ("Canal+"). None of these
              announcements have been sanctioned or approved by the Panel. The Panel is also aware of the
              announcement made this morning regarding MultiChoice's withdrawal of their Cautionary
              Announcement released on 1 February 2024.

2             Engagements

              At the time of releasing this statement, the Panel is still engaging with Multichoice and Canal+ to
              provide guidance and guidelines on how the matter is to be handled and addressed.

3             Investigations

3.1           The Panel confirms that it is taking this matter seriously and is currently investigating various
              aspects of the current status of this matter on an urgent basis.

3.2           The purpose of our investigation and our engagements with the parties mentioned above is to
              ensure that the Panel fulfils its overarching obligation and responsibility of protecting the integrity
              of the market and ensuring market fairness to holders of Multichoice's securities.

3.3           The public is advised to continue to exercise caution in responding and/or reacting to the various
              pronouncements that have been made by Multichoice and Canal+ as of 30 January 2024 to date.

4             Further updates

              The Panel may, from time to time, provide further updates regarding the status quo in this matter,
              either directly through this channel or indirectly through communications it may approve from either
              of the parties referred to above.

                                                            ***ends***





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Date: 06-02-2024 07:10:00
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