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Notification in terms of section 122(3) of the Act And section 3.83(b) of the Listings Requirements
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" or "the Company")
NOTIFICATION IN TERMS OF SECTION 122(3) OF THE ACT AND SECTION 3.83(b) OF THE LISTINGS
REQUIREMENTS
In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"), and section 3.83(b) of
the JSE Limited Listings Requirements ("Listings Requirements"), holders of ordinary shares in the
Company are advised that the Company has received a formal notification in terms of Section 122(1) of
the Act from Coronation Asset Management (Pty) Ltd that the clients of Coronation Group ("Coronation")
have, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest
in the ordinary shares of the Company held by Coronation clients now amounts to 5.30% of the total
issued ordinary shares of the Company.
As required in terms of section 122(3)(a) of the Act, MultiChoice has filed the required notices with the
Takeover Regulation Panel.
Randburg
29 April 2019
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.
About MultiChoice Group
MultiChoice Group is Africa's leading multi-channel digital satellite and pay-television destination,
offering its 14 million customers access to a world of entertainment, anywhere, anytime. MultiChoice
has been in operation for the past 20 years and through its flagship product brand, DStv, the company
delivers the latest and most compelling local and international content to millions of households across
Africa. The company’s ongoing commitment to innovation and technology advancement resulted in the
creation of its iconic high definition PVR decoder, the DStv Explora – which won the Product of the Year
for 2015.
Through its corporate social investment, MultiChoice actively participates in social transformation,
ongoing investment in local content, job creation and skills development - which in turn strengthens the
television and broadcasting industry and contributes to the South African economy.
About MultiChoice Africa
MultiChoice Africa is a video entertainment provider, and our role is to enrich lives. Our mission is to
deliver value to our customers by making great entertainment more accessible to millions of people across
Africa – anytime, anywhere via multiple platforms including Direct-To-Home satellite (DTH) platform -
DStv (www.dstv.com), a Digital Terrestrial Television (DTT) platform - GOtv (www.gotvafrica.com) as well
as Video-On-Demand and OTT platforms Showmax and DStv Now. Whether it’s local telenovelas, the
excitement of world-class sport or the latest global blockbusters, our investment in leading-edge content
and technology systems deliver the shows that people love into their hands and homes. Born and bred in
Africa, MultiChoice Africa is managed and run by local people with a team of more than 2750 full-time
and over 14 000 contractors and independent agencies and accredited installers who collectively deliver
the greatest entertainment in the world to more than 49 countries across Sub-Saharan Africa. Our
business has grown hand-in-hand with local economies by forging long-term partnerships with
governments, national broadcasters and entrepreneurs and as the continent’s leading funder of sport and
local productions, we’ve built skills and capacity to improve the quality of content we offer through our
flagship corporate shared value initiative, MultiChoice Talent Factory (MTF)(www.multichoicetalentfactory.com).
It’s by creating value for our customers, our employees and society that we will continue to build a successful
business for the future. Visit www.multichoiceafrica.com for more information.
About Irdeto
Irdeto is the world leader in digital platform security, protecting platforms and applications for video
entertainment, video games, connected transport and IoT connected industries. Irdeto’s solutions and
services enable customers to protect their revenue, create new offerings and fight cybercrime. With 50
years of expertise in security, Irdeto’s software security technology and cyberservices protect over 5
billion devices and applications for some of the world’s best-known brands. With a unique heritage in
security innovation, Irdeto is the well-established and reliable partner to build a secure future where
people can embrace connectivity without fear. Please visit Irdeto at www.irdeto.com.
For more information contact:
Joe Heshu, Group Executive of Corporate Affairs Benedict Maaga, Senior Manager of
Tel: +27 11 289 3952 Corporate Communications
Mobile: +27 60 973 6776 Tel: +27 11 289 3312
Email: Jabavu.heshu@multichoice.co.za Mobile: +27 79 501 1785
Benedict.maaga@multichoice.co.za
www.multichoice.com
Date: 29/04/2019 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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