MultiChoice Group Limited (MCG) has announced that Mr. John James (Jim) Volkwyn will not seek re-election to the Board of Directors and will retire effective August 28, 2024. Mr. Volkwyn, who has served MCG with distinction for over 33 years, previously held the role of CEO of the global video entertainment business under Naspers and has been an independent non-executive director since MCG’s listing in 2019.
As a result of Mr. Volkwyn’s retirement, resolution 2.3 from the upcoming annual general meeting (AGM) on August 28, 2024, will be withdrawn. The Board expresses its deep gratitude for Mr. Volkwyn’s invaluable contributions over the years.
MCG also wishes to clarify that Mr. Volkwyn’s consultancy arrangements were fully disclosed to shareholders, were lawful as confirmed by external legal advice, and adhered to corporate governance requirements.
