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Dealings in securities by directors of a major subsidiary of the company
MULTICHOICE GROUP LIMITED
(formerly MultiChoice Group Proprietary Limited and K2018473845 (South Africa) Proprietary Limited)
(incorporated in the Republic of South Africa)
(Registration number: 2018/473845/06)
JSE Share Code: MCG
ISIN: ZAE000265971
(“MultiChoice” and/or “the Company”)
DEALINGS IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY OF THE COMPANY
In compliance with the JSE Limited Listings Requirements, the following information is disclosed:
Name of Director trading : Maarten Koning, a director of MultiChoice Africa
Holdings B.V, a major subsidiary of the Company
Date of transaction : 23 September 2019
Nature of transaction : In terms of the Irdeto Holdings BV 2012 share
appreciation rights (SARs) plan, Maarten Koning
was awarded 2 691 SARs. The SARs awarded vested
as follows:
- 713 SARs on 29 August 2019
- 50 SARs on 10 September 2019 and
- 1 928 SARs on 18 September 2019.
Maarten Koning exercised 2 691 SARs (vesting on
the above stated dates) in terms of the
abovenamed SARs plan and received 12 848
MultiChoice ordinary shares in settlement of the
gain (determined by translating the gain on the
SARs at a US$1: R14.9328352690 exchange rate as
at 20 September 2019 and based on the closing
price of a Multichoice ordinary share on 20
September 2019 being R122.06). Maarten Koning
then sold 12 848 MultiChoice ordinary shares on
market.
SAR award price : 713 SARs at US$33.00, 50 SARs at US$19.20 and 1
928 SARs at US$20.48 each
SAR strike price : US$62.80
Nature of interest : Direct, beneficial
Volume weighted average selling price per share : R119.19
Highest selling price per share : R119.22
Lowest selling price per share : R119.19
Value of sale : R1 531 374.62
Clearance obtained : Clearance has been received in terms of paragraph
3.66 of the JSE Listings Requirements
Name of Director trading : Tom de Vries, a director of MultiChoice Africa
Holdings B.V, a major subsidiary of the Company
Date of transaction : 26 September 2019
Nature of transaction : In terms of the Irdeto Holdings BV 2012 share
appreciation rights (SARs) plan Tom de Vries was
awarded 1 174 SARs. The SARs awarded vested as
follows:
- 470 SARs on 25 June 2019
- 87 SARs on 28 June 2019
- 60 SARs on 29 August 2019
- 10 SARs on 10 September 2019 and
- 547 SARs on 18 September 2019
Tom de Vries exercised 1 174 SARs (vesting on the
above stated dates) in terms of the abovenamed
SARs plan and received 3 814 MultiChoice ordinary
shares in settlement of the gain (determined by
translating the gain on the SARs at a $1:
R15.0010210313 exchange rate as at 25 September
2019 and based on the closing price of a
Multichoice ordinary share on 25 September 2019
being R121.05). Tom de Vries then sold 3 814
MultiChoice ordinary shares on market.
SAR award price : 470 SARs at US$54.91, 87 SARs at US$43.24, 60
SARs at US$33.00, 10 SARs at US$19.20 and 547
SARs at US$20.48 each
SAR strike price : US$62.80
Nature of interest : Direct, beneficial
Volume weighted average selling price per share : R121.51
Highest selling price per share : R121.52
Lowest selling price per share : R121.40
Value of sale : R463 422.20
Clearance obtained : Clearance has been received in terms of paragraph
3.66 of the JSE Listings Requirements
Randburg
30 September 2019
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: 30/09/2019 05:21:00
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