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MULTICHOICE GROUP LIMITED - Disclosure of Significant Holding of MultiChoice Ordinary Shares

Release Date: 20/10/2025 17:45
Code(s): MCG     PDF:  
Wrap Text
Disclosure of Significant Holding of MultiChoice Ordinary Shares

MULTICHOICE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2018/473845/06)
JSE and A2X Share code: MCG
ISIN: ZAE000265971
("MultiChoice" or the "Company")


DISCLOSURE OF SIGNIFICANT HOLDING OF MULTICHOICE ORDINARY SHARES


In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"), regulation
121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings
Requirements, holders of ordinary shares in MultiChoice ("MultiChoice Shareholders") are
advised that MultiChoice has received formal notification, in terms of section 122(1) of the Act,
that Groupe Canal+ S.A.S ("CANAL+") has acquired an additional interest in the ordinary shares
of the Company, such that the total interest in the ordinary shares of the Company held by
Canal+ now amounts to 94.39% of the Company's total ordinary shares in issue.

As required in terms of section 122(3)(a) of the Act, MultiChoice has filed the required notice
with the Takeover Regulation Panel.

In terms of section 124(4) of the Act, MultiChoice Shareholders are hereby notified, on behalf
of CANAL+, that CANAL+ now holds more than 90% of the MultiChoice Shares in issue.

MultiChoice Shareholders are referred to the joint announcement released by MultiChoice and
CANAL+ on SENS on 13 October 2025, in which MultiChoice Shareholders were advised that
CANAL+ intends to invoke the provisions of section 124(1) of the Act to compulsorily acquire
all of the MultiChoice Shares not already held by it, at a consideration of ZAR125.00 per share
(the "Squeeze-Out") and that, upon the exercise of the Squeeze-Out, the Company will become
a wholly-owned subsidiary of CANAL+ and, subject to the approval of the South African Reserve
Bank, application will be made for the termination of the listing of MultiChoice Shares on the
JSE in terms of paragraph 1.17(a) of the JSE Listings Requirements and on A2X in terms of the
A2X Listings Requirements. CANAL+ indicated that it will publish an announcement in relation
to the foregoing in due course and confirmed that, once such notice is given, the MultiChoice
Shares will be suspended from trading on the JSE and A2X and the notice will contain further
details in that regard. MultiChoice Shareholders need not take any action with regard to the
implementation of the Squeeze Out.

The board of directors of MultiChoice accepts responsibility for the information contained in
this announcement as it relates to the Company and confirms that, to the best of its knowledge
and belief, such information relating to the Company is true and that this announcement does
not omit anything likely to affect the importance of such information.
Randburg


20 October 2025

JSE Sponsor to MultiChoice
Merchantec Capital

Date: 20-10-2025 05:45:00
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