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MULTICHOICE GROUP LIMITED - Dealings in securities by a director of the company

Release Date: 13/01/2020 16:00
Code(s): MCG     PDF:  
Wrap Text
Dealings in securities by a director 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 A DIRECTOR OF THE COMPANY

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

Director                             :     Jim Volkwyn
Date of transaction                  :     8 January 2020
Nature of transaction                :     On market sale of MultiChoice shares
Number and class of securities       :     135 MultiChoice ordinary shares
Selling price per share              :     R114.50
Value of transaction                 :     R15 457.50
Nature of interest                   :     Direct, beneficial
Clearance obtained                   :     Clearance has been received in terms of paragraph 3.66 of the
                                           JSE Listings Requirements

Director                             :     Jim Volkwyn
Date of transaction                  :     9 January 2020
Nature of transaction                :     On market sale of MultiChoice shares
Number and class of securities       :     20 775 MultiChoice ordinary shares
Selling price per share              :     R114.50
Value of transaction                 :     R2 378 73.50
Nature of interest                   :     Direct, beneficial
Clearance obtained                   :     Clearance has been received in terms of paragraph 3.66 of the
                                           JSE Listings Requirements
Randburg
13 January 2020

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: 13-01-2020 04:00:00
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