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Termination of JSE and A2X Listings
MULTICHOICE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2018/473845/06)
JSE and A2X Share code: MCG
ISIN: ZAE000265971
("MultiChoice" and "MCG")
TERMINATION OF JSE AND A2X LISTINGS
Shareholders are referred to the announcement published by Groupe Canal+ S.A.S. (CANAL+) on SENS
on 24 October 2025 concerning the exercise by CANAL+ of its right in terms of section 124(1) of the
Companies Act to compulsorily acquire all the remaining ordinary shares of MultiChoice (the
Remaining MultiChoice Shares), excluding treasury shares and any shares already held by CANAL+
and its related or inter-related persons, in accordance with the timetable set out in such
announcement (the Squeeze-Out Notice). The Squeeze-Out Notice confirmed that, following
CANAL+'s compulsory acquisition of the Remaining MultiChoice Shares, with effect from Friday,
5 December 2025, the ordinary shares of MultiChoice would be delisted from the JSE and the A2X with
effect from Wednesday, 10 December 2025 (the Delisting), subject to certain regulatory approvals
being obtained from the JSE, the A2X and the Financial Surveillance Department of the South African
Reserve Bank.
Shareholders are hereby advised that CANAL+ completed its compulsory acquisition of the Remaining
MultiChoice Shares with effect from Friday, 5 December 2025, and has paid the necessary
consideration for the Remaining MultiChoice Shares to MultiChoice in accordance with section
124(5)(a)(ii) of the Companies Act, 71 of 2008, and that the aforementioned approvals for the Delisting
have been obtained. Accordingly, the Delisting will proceed upon commencement of trading on the
JSE and A2X on Wednesday, 10 December 2025 as envisaged in the timetable set out in the Squeeze-
Out Notice.
Furthermore, shareholders are advised that CANAL+ remains committed to fulfilling its obligations
under the conditions imposed by the South African competition authorities in connection with
CANAL+'s acquisition of MultiChoice, and accordingly intends to proceed with a secondary inward
listing on the JSE within 9 months following the effective date of the Delisting, in accordance with the
timetable and procedures envisaged in the relevant regulatory approvals.
Randburg
8 December 2025
Sponsor
Merchantec Capital
Date: 08-12-2025 04:15:00
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