MULTICHOICE GROUP LIMITED - Appointment of independent non-executive directors

Appointment of independent non-executive directors

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") 

 
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS 
 
The board of directors of MultiChoice (“Board”) is pleased to announce the appointments of Mr Jabulane 
(Jabu) Albert Mabuza and Dr Fatai Adegboyega Sanusi as independent non-executive directors of the 
Company, with effect from 5 July 2019. 
 
Jabulane (Jabu) Albert Mabuza (61) 
Jabu was recently appointed as the Chairman to the board of Sun International Limited. He was previously 
the Group Chief Executive Officer and later the Deputy Chairman of Tsogo Sun Holdings Limited. Jabu 
recently retired as Chairman of Telkom SA SOC and as President of Business Unity South Africa. He 
currently serves as the chairman of various companies including Anheuser - Busch InBev / SAB Miller – 
Africa, the Casino Association of South Africa and Eskom SOC Ltd. Outside South Africa, Jabu has served 
on several company’s boards covering various industries and has a wide array of organisational 
memberships in South Africa and abroad. In 2017, an Honorary Doctor of Commerce degree was awarded 
to Jabu by the University of Witwatersrand in recognition of his entrepreneurship achievements and his 
contribution to the South African economy. 

 
Dr Fatai Adegboyega Sanusi (57) 
Dr Fatai Sanusi is currently a senior consultant in the UK National Health service, serving in this position 
for 19 years at West Hertfordshire NHS Trust. He has also accumulated years of experience in governance 
and risk management at a senior management Board level. He is active in education and training and has 
served as Training director of the department for several years. Dr Fatai graduated from the University of 
Lagos in 1986. 
 
The Board welcomes Jabu and Fatai to the Company and looks forward to their contribution. 
 
Randburg 
8 July 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. 

 




 

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