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MULTICHOICE GROUP LIMITED - Dealings in securities by a director of a major subsidiary of the Company and by the share appreciation rights plan

Release Date: 04/07/2022 17:50
Code(s): MCG     PDF:  
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Dealings in securities by a director of a major subsidiary of the Company and by the share appreciation rights plan

MULTICHOICE GROUP LIMITED
(incorporated in the Republic of South Africa)
(Registration number: 2018/473845/06)
JSE Share Code: MCG
ISIN: ZAE000265971
("MultiChoice" or "the Company" or "the Group")

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY OF THE COMPANY AND BY THE
SHARE APPRECIATION RIGHTS PLAN

In compliance with the JSE Limited Listings Requirements, the following transactions are disclosed:

 Name of share scheme                             :       Irdeto Holdings BV 2012 share appreciation rights
                                                          (SARs) plan
 Date of transaction                              :       28 June 2022
 Nature of transaction                            :       On-market purchase of ordinary shares
 Number of securities                             :       64 895
 Class of securities                              :       Ordinary shares
 Volume weighted average purchase price per       :       R117.7187
 share
 Highest purchase price per share                 :       R117.7733
 Lowest purchase price per share                  :       R117.7072
 Value of purchase                                :       R 7 639 356.97
 Clearance obtained                               :       Clearance has been received in terms of
                                                          paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                               :       Direct, non-beneficial

 Name of share scheme                             :       Irdeto Holdings BV 2012 share appreciation rights
                                                          (SARs) plan
 Date of transaction                              :       29 June 2022
 Nature of transaction                            :       On-market purchase of ordinary shares
 Number of securities                             :       32 380
 Class of securities                              :       Ordinary shares
 Volume weighted average purchase price per       :       R118.4766
 share
 Highest purchase price per share                 :       R118.4842
 Lowest purchase price per share                  :       R118.45
 Value of purchase                                :       R3 836 273.52
 Clearance obtained                               :       Clearance has been received in terms of
                                                          paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                               :       Direct, non-beneficial

 Name of share scheme                             :       Irdeto Holdings BV 2012 share appreciation rights
                                                          (SARs) plan
 Date of transaction                              :       30 June 2022
 Nature of transaction                            :       On-market purchase of ordinary shares
 Number of securities                             :       38 962
 Class of securities                              :       Ordinary shares
 Volume weighted average purchase price per       :       R116.2261
 share
 Highest purchase price per share                 :       R117.7072
 Lowest purchase price per share                  :       R115.60
 Value of purchase                                :       R 4 528 402.91
 Clearance obtained                               :       Clearance has been received in terms of
                                                          paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                               :       Direct, non-beneficial

 Name of Director trading                         :       Maarten Koning
 Director of                                      :       MultiChoice Africa Holdings B.V.
                                                          (a major subsidiary of MultiChoice)
 Date of transaction                              :       30 June 2022
 Nature of transaction                            :       In terms of the Irdeto Holdings BV 2012 share
                                                          appreciation rights (SARs) plan, Maarten Koning
                                                          was awarded 2 158 SARs. The SARs awarded
                                                          vested as follows:

                                                          -   1 577 on 25 June 2022
                                                          -   581 on 28 June 2022

                                                          Maarten Koning exercised 2 158 SARs (vesting on
                                                          the above stated dates) in terms of the
                                                          abovenamed SARs plan and received 9 917
                                                          MultiChoice ordinary shares in settlement of the
                                                          gain (determined by translating the gain on the
                                                          SARs at a US$85.10: R16.27 exchange rate as at
                                                          29 June 2022 and based on the closing price of a
                                                          MultiChoice ordinary share on 29 June 2022
                                                          being R118.03). Maarten Koning then sold 9 917
                                                          MultiChoice ordinary shares on market.
 SAR award price                                  :       1 577 SARs at $54.91 and
                                                          581 SARs at $43.24
 SAR strike price                                 :       US$85.10
 SAR value gained                                 :       US$ 71 930.29 (ZAR 1 170 646.49)
 Volume weighted average selling price per        :       R115.7183
 share
 Highest selling price per share                  :       R115.95
 Lowest selling price per share                   :       R115.60
 Value of sale                                    :       R1 147 578.75
 Clearance obtained                               :       Clearance has been received in terms of
                                                          paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                               :       Direct, beneficial

 Name of share scheme                             :       Irdeto Holdings BV 2012 share appreciation rights
                                                          (SARs) plan
 Date of transaction                              :       1 July 2022
 Nature of transaction                            :       On-market purchase of ordinary shares
 Number of securities                             :       1 957
 Class of securities                              :       Ordinary shares
 Purchase price per share                         :       R114.7967
 Highest purchase price per share                 :       R115.36
 Lowest purchase price per share                  :       R114.56
 Value of purchase                                :       R224 657.12
 Clearance obtained                               :       Clearance has been received in terms of
                                                          paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                               :       Direct, non-beneficial

 Name of share scheme                             :       Irdeto Holdings BV 2012 share appreciation rights
                                                          (SARs) plan
 Date of transaction                              :       4 July 2022
 Nature of transaction                            :       On-market purchase of ordinary shares
 Number of securities                             :       88 440
 Class of securities                              :       Ordinary shares
 Purchase price per share                         :       R115.37
 Value of purchase                                :       R 10 203 322.80
 Clearance obtained                               :       Clearance has been received in terms of
                                                          paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                               :       Direct, non-beneficial

Randburg
4 July 2022

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: 04-07-2022 05:50:00
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