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Dealing in securities by a director of a major subsidiary of the company

Published: 2022-09-06 18:30:36 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” or “the Group”)

DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY OF THE COMPANY

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


 Director                                :   Marc Jury

 Company                                 :   SuperSport International Holdings (Pty) Ltd

                                             (a major subsidiary of MultiChoice)

 Date of transaction                     :   5 September 2022

 Class of securities                         Ordinary shares

 Nature of interest                          Direct, beneficial

 Clearance obtained                          Clearance has been received in terms of paragraph 3.66 of the
                                             JSE Listings Requirements

 Nature of transaction                   :   Off market vesting of shares awarded under the MultiChoice
                                             Group Restricted Share Plan Trust on 4 September 2019 and
                                             subsequent on market sale of a portion of the shares to cover
                                             the tax incurred as a result of vesting shares awarded under
                                             the MultiChoice Group Restricted Share Plan Trust on 4
                                             September 2019.



 Number of securities vested             :   1 949 shares

 Vesting price per share                 :   R116.55 being the closing price of the day prior to vesting (2
                                             September 2022)

 Deemed value of transaction             :   R227 155.95



 Number of securities sold               :   879 shares

 Selling price per share                 :   R117.15

 Value of transaction                    :   R102 974.85
Randburg

6 September 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.