Naspers - unbundling and llisting of MultiChoice

Further to the announcement issued by Naspers on the JSE's Stock Exchange News Service ("SENS") on 17 September 2018, when Naspers announced its intention to list its Video Entertainment business by separately listing the shares of a new company MultiChoice Group Limited ("MultiChoice") on the Johannesburg Stock Exchange ("JSE") and simultaneously unbundle the shares in MultiChoice to its shareholders, Naspers wishes to update its shareholders on the progress of this proposed listing and unbundling.

Naspers confirms that MultiChoice is finalising its pre-listing statement for purposes of submission to the JSE (as required in terms of the JSE listing requirements) for formal approval, together with an application for approval of the listing of the MultiChoice shares on the JSE as a primary listing.

Naspers will keep shareholders apprised of further developments.

2019-01-16 17:23:16