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Dealings in securities by share plan trust, share unit plan, directors and a director of a major subsidiary

Published: 2023-03-07 18:00:23 ET
<<<  go to JSE:MCG company page
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")


DEALINGS IN SECURITIES BY MULTICHOICE GROUP RESTRICTED SHARE PLAN TRUST, IRDETO
RESTRICTED SHARE UNIT PLAN, DIRECTORS OF MULTICHOICE AND A DIRECTOR OF A MAJOR
SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following information relating to
dealings in securities by the MultiChoice Group Restricted Share Plan Trust is disclosed:

 Trust (Transferee)                               :      MultiChoice Group Restricted Share Plan Trust
                                                         ("Share Trust")
 Company (Transferor)                             :      MultiChoice Group Treasury Services Proprietary
                                                         Limited (TreasuryCo)
 Date of transaction                              :      6 March 2023
 Nature of transaction                            :      Off-market transfer of treasury shares to the
                                                         Share Trust from TreasuryCo to enable the Share
                                                         Trust to comply with its obligations in terms of
                                                         the MultiChoice Group Restricted Share Plan
 Class of securities                              :      Ordinary shares
 Number of securities                             :      169 716 shares
 Purchase price per share*                        :      R 144.48
 Total value of transaction                       :      R 24 520 567.68
 Clearance obtained                               :      Clearance has been obtained in terms of
                                                         paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                               :      Direct, beneficial
* Based on the closing price on 3 March 2023.

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

 Name of share scheme                             :      The Irdeto Restricted Share Unit Plan
 Date of transaction                              :      6 March 2023
 Nature of transaction                            :      On-market purchase of securities
 Class of securities                              :      Ordinary shares
 Number of securities                             :      6 123 shares
 Purchase price per share                         :      R144.28
 Value of purchase                                :      R883 426.44
 Clearance obtained                               :      Clearance has been obtained in terms of
                                                         paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                               :      Direct, non- beneficial
 Director                                    :   Imtiaz Patel
 Company                                     :   MultiChoice Group Limited
 Date of transaction                         :   6 March 2023
 Nature of transaction                       :   On market sale of securities
 Class of securities                         :   Ordinary shares
 Number of securities                        :   52 960 shares
 Highest selling price per share             :   R144.48
 Lowest selling price per share              :   R144.00
 Volume weighted average selling price per   :   R144.16
 share
 Value of transaction                        :   R7 634 713.60
 Clearance obtained                          :   Clearance has been obtained in terms of
                                                 paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                          :   Direct, beneficial

 Director                                    :   Jim Volkwyn
 Company                                     :   MultiChoice Group Limited
 Date of transaction                         :   6 March 2023
 Nature of transaction                       :   On market sale of securities
 Class of securities                         :   Ordinary shares
 Number of securities                        :   5 000 shares
 Selling price per share                     :   R145.00
 Value of transaction                        :   R725 000.00
 Clearance obtained                          :   Clearance has been obtained in terms of
                                                 paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                          :   Direct, beneficial

 Director                                    :   Byron du Plessis
 Company                                     :   MultiChoice Africa Holdings B.V. (a major
                                                 subsidiary of MultiChoice)
 Date of transaction                         :   2 March 2023
 Nature of transaction                       :   On market sale of securities
 Class of securities                         :   Ordinary shares
 Number of securities                        :   9 076 shares
 Highest selling price per share             :   R142.48
 Lowest selling price per share              :   R142.00
 Volume weighted average selling price per   :   R142.09
 share
 Value of transaction                        :   R1 289 627.97
 Clearance obtained                          :   Clearance has been obtained in terms of
                                                 paragraph 3.66 of the JSE Listings Requirements
 Nature of interest                          :   Direct, beneficial


Randburg
7 March 2023
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.