MultiChoice trust acquires company stock for employee awards
MultiChoice Group Limited announced on September 15, 2025, that its Irdeto Restricted Share Unit Plan completed an on-market purchase of ordinary shares. This transaction, executed on September 11, 2025, involved 1,088 ordinary shares at a purchase price of R123.08 per share, totaling R133,911.04. The purpose of this acquisition is to settle restricted share awards granted under the plan. Clearance for this dealing was obtained, and the nature of the interest is direct and non-beneficial.
The company also reiterated its memorandum of incorporation provision regarding foreign ownership. The aggregate voting power of MultiChoice shares presumptively owned or held by foreigners to South Africa will not exceed 20%. This includes all shares deposited in the MultiChoice ADS facility and shareholders with an address outside South Africa, unless proof to the contrary is provided. This measure ensures compliance with South African statutory requirements.
Shareholders are directed to the company's website for further details on the memorandum of incorporation and a ruling issued by the Takeover Regulation Panel on February 27, 2024, which also pertains to this document.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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