MultiChoice insiders tender shares in Canal+ mandatory offer

MultiChoice Group Limited announced its Restricted Share Plan Trust, directors of major subsidiaries, and the group company secretary are tendering shares to Groupe Canal+ S.A. The tender is in accordance with the mandatory offer by Canal+ to acquire all issued ordinary shares of MultiChoice not already owned by Canal+ for ZAR125.00 per share, payable in cash.

The MultiChoice Group Restricted Share Plan Trust tendered 4,470,690 shares on September 18, 2025, valued at ZAR558,836,250.00. Byron du Plessis, a director of MultiChoice (Pty) Ltd and MultiChoice Support Services (Pty) Ltd, tendered 12,978 shares on September 22, 2025, totalling ZAR1,622,250.00. Carmen Miller, the company secretary, also tendered 4,130 shares on September 22, 2025, valued at ZAR516,250.

Richard Tessendorf, a director of MultiChoice Africa Holdings B.V. and MultiChoice Group Holdings B.V., tendered 20,612 shares on September 23, 2025 for ZAR2,576,500.00. Doug Lowther, also a director of MultiChoice Africa Holdings B.V., tendered 101,477 shares on September 25, 2025, amounting to ZAR12,684,625.00. All transactions represent direct, beneficial interests, and clearance was obtained.