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Dealing in securities by a director of a major subsidiary of the company and by the share appreciation rights plan
MULTICHOICE GROUP LIMITED
(incorporated in the Republic of South Africa)
(Registration number: 2018/473845/06)
JSE Share Code: MCG
ISIN: ZAE000265971
(“MultiChoice” or “the Company” or “the Group”)
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY OF THE COMPANY AND BY THE
SHARE APPRECIATION RIGHTS PLAN
In compliance with the JSE Limited Listings Requirements, the following transactions are disclosed:
Name of Director trading : Maarten Koning
Director of MultiChoice Africa Holdings B.V
(a major subsidiary of MultiChoice)
Date of transaction : 29 June 2021
Nature of transaction : In terms of the Irdeto Holdings BV 2012 share
appreciation rights (SARs) plan, Maarten Koning
was awarded 2 154 SARs. The SARs awarded
vested as follows:
- 1 574 on 25 June 2021
- 580 on 28 June 2021
Maarten Koning exercised 2 154 SARs (vesting on
the above stated dates) in terms of the
abovenamed SARs plan and received 9 539
MultiChoice ordinary shares in settlement of the
gain (determined by translating the gain on the
SARs at a R14.21 exchange rate as at 28 June
2021 and based on the closing price of a
Multichoice ordinary share on 28 June 2021
being R116.58). Maarten Koning then sold 9 539
MultiChoice ordinary shares on market.
SAR award price : 580 @ $43.24 and 1 574 @ $54.91
SAR strike price : US$88.10
SAR value gained : US$ 78 259.86 (ZAR 1 112 216.76)
Volume weighted average selling price per : R116.10
share
Highest selling price per share : R116.50
Lowest selling price per share : R115.99
Value of sale : R1 107 511.92
Clearance obtained : Clearance has been received in terms of
paragraph 3.66 of the JSE Listings Requirements
Nature of interest : Direct, beneficial
Name of share appreciation rights plan : Irdeto Holdings BV 2012 share appreciation rights
(SARs) plan
Date of transaction : 29 June 2021
Nature of transaction : On-market purchase of ordinary shares
Number of securities : 9 539
Class of securities : Ordinary shares
Volume weighted average purchase price per : R116.24
share
Highest purchase price per share : R117.03
Lowest purchase price per share : R115.99
Value of purchase : R1 108 813.36
Clearance obtained : Clearance has been received in terms of
paragraph 3.66 of the JSE Listings Requirements
Nature of interest : Indirect, non-beneficial
Randburg
1 July 2021
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Important notice
Shareholders should take note that, pursuant to a provision of the MultiChoice memorandum of
incorporation, MultiChoice is permitted to reduce the voting rights of shares in MultiChoice (including
MultiChoice shares deposited in terms of the American Depositary Share ("ADS") facility) so that the
aggregate voting power of MultiChoice shares that are presumptively owned or held by foreigners to
South Africa (as envisaged in the MultiChoice memorandum of incorporation) will not exceed 20% of
the total voting power in MultiChoice. This is to ensure compliance with certain statutory requirements
applicable to South Africa. For this purpose, MultiChoice will presume in particular that:
• all MultiChoice shares deposited in terms of the MultiChoice ADS facility are owned or held by
foreigners to South Africa, regardless of the actual nationality of the MultiChoice ADS holder;
and
• all shareholders with an address outside of South Africa on the register of MultiChoice will be
deemed to be foreigners to South Africa, irrespective of their actual nationality or domicilium,
unless such shareholder can provide proof, to the satisfaction of the MultiChoice board, that it
should not be deemed to be a foreigner to South Africa, as envisaged in article 40.1.3 of the
MultiChoice memorandum of incorporation.
Shareholders are referred to the provisions of the MultiChoice memorandum of incorporation available
at www.multichoice.com for further detail. If shareholders are in any doubt as to what action to take,
they should seek advice from their broker, attorney or other professional adviser.
Date: 01-07-2021 05:00:00
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