REG - Canal+ S.A - TERMINATION OF MULTICHOICE JSE AND A2X LISTINGS

Canal+ SAAnnouncement

08/12/2025 14:15

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RNS Number : 6972K  Canal+ S.A  08 December 2025

Press release

CANAL+ SA (LSE : CAN)
Issy-les-Moulineaux, 08 December 2025

 

TERMINATION OF MULTICHOICE JSE AND A2X LISTINGS

 

CANAL+ SA (LSE: CAN, the "Company" and "CANAL+") refers shareholders to the
announcement published on SENS on 24 October 2025 concerning the exercise of
its right in terms of section 124(1) of the Companies Act to compulsorily
acquire all the remaining ordinary shares of MultiChoice Group Limited (the
Remaining MultiChoice Shares), excluding treasury shares and any shares
already held by CANAL+ and its related or inter-related persons, in accordance
with the timetable set out in such announcement (the Squeeze-Out Notice). The
Squeeze-Out Notice confirmed that, following CANAL+'s compulsory acquisition
of the Remaining MultiChoice Shares, with effect from Friday, 5 December 2025,
the ordinary shares of MultiChoice would be delisted from the JSE and the A2X
with effect from Wednesday, 10 December 2025 (the Delisting), subject to
certain regulatory approvals being obtained from the JSE, the A2X and the
Financial Surveillance Department of the South African Reserve Bank.

 

CANAL+ completed its compulsory acquisition of the Remaining MultiChoice
Shares with effect from Friday, 5 December 2025, and has paid the necessary
consideration for the Remaining MultiChoice Shares to MultiChoice in
accordance with section 124(5)(a)(ii) of the Companies Act, 71 of 2008. The
aforementioned approvals for the Delisting have been obtained. Accordingly,
the Delisting will proceed upon commencement of trading on the JSE and A2X on
Wednesday, 10 December 2025 as envisaged in the timetable set out in the
Squeeze-Out Notice.

 

CANAL+ remains committed to fulfilling its obligations under the conditions
imposed by the South African competition authorities in connection with
CANAL+'s acquisition of MultiChoice, and accordingly intends to proceed with a
secondary inward listing on the JSE within 9 months following the effective
date of the Delisting, in accordance with the timetable and procedures
envisaged in the relevant regulatory approvals.

 

 

For further enquiries please contact:

 Alima Levy      ir@canal-plus.com
 Andrew Swailes  andrew.swailes@canal-plus.com

 

 

ABOUT CANAL+

Founded as a French subscription-TV channel 40 years ago, CANAL+ is now a
global media and entertainment company. On 22 September 2025, CANAL+ confirmed
it is in effective control of MultiChoice Group and beginning the integration
process. MultiChoice is Africa's leading entertainment platform, offering a
wide range of products and services, including DStv, GOtv, Showmax, M-Net,
SuperSport, Irdeto, and KingMakers. Together, the new combined group has 40
million subscribers worldwide, operates in over 70 countries and has
approximately 17,000 employees.

CANAL+ operates across the entire audio-visual value chain, including
production, broadcast, distribution and aggregation. It is home
to STUDIOCANAL, a leading film and television studio with worldwide
production and distribution capabilities; Dailymotion, major international
video platform powered by cutting-edge proprietary technology for video
delivery, advertising, and monetization; CANAL+ Distribution, a production
and distribution company specialising in creating and distributing diverse
content and channels; and telecommunication services, through GVA in Africa
and CANAL+ Telecom in the French overseas jurisdictions and territories.

CANAL+ also has significant equity stakes in Viaplay (the Pay-TV leader in
Scandinavia), Viu (a leading OTT platform in Southern Asia) and UGC, a
leading French cinema group.

canalplusgroup.com/en
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