MultiChoice Announces Increase in Canal+ Shareholding to 76.52%

MultiChoice Group Limited  has announced a further increase in shareholding by Groupe Canal+ S.A.S (Canal+) , following the acquisition of an additional interest in the company’s ordinary shares. The disclosure was made in accordance with Section 122(3)(b) of the Companies Act, 71 of 2008, Regulation 121(2)(b) of the Companies Regulations, 2011, and Paragraph 3.83(b) of the JSE Listings Requirements.

According to the statement, Canal+ now holds 72.46% of MultiChoice’s total issued ordinary shares after acquiring more shares in the company. MultiChoice also confirmed that Canal+ has received additional acceptances of its ongoing mandatory offer to shareholders, covering a further 17,954,344 MultiChoice shares. Once these are settled, Canal+’s total interest in the company will increase to 76.52%.

As required by law, MultiChoice has filed the necessary notice with the Takeover Regulation Panel (TRP) in compliance with Section 122(3)(a) of the Companies Act. The company emphasized that the transaction has been handled in line with all applicable regulatory requirements.

The MultiChoice Board of Directors stated that it takes full responsibility for the accuracy of the information provided in the announcement. The board confirmed that, to the best of its knowledge, the details are correct and complete, and that nothing has been omitted that could materially affect the significance of the disclosure.

This development marks another key milestone in Canal+’s steady acquisition of MultiChoice shares. The French media group, which has been increasing its stake in the African pay-TV giant over recent months, is moving closer to achieving majority control. The growing ownership aligns with Canal+’s strategy to expand its footprint across Africa’s fast-growing entertainment and digital media markets.