MultiChoice Group Limited announced that Groupe Canal+ S.A.S. has increased its shareholding to 72.46% of the company’s issued ordinary shares. The disclosure follows the acquisition of additional shares and complies with the Companies Act, 2008, and JSE Listings Requirements. Canal+ also secured acceptances for another 17,954,344 shares under its mandatory offer. Once settled, its total interest will rise to 76.52%.
MultiChoice confirmed that it has notified the Takeover Regulation Panel, as required under Section 122 of the Companies Act. The board stated that the disclosure is accurate and complete to its knowledge. This acquisition represents continued progress in Canal+’s bid for majority control. The move supports its strategy to grow across Africa’s digital media landscape.
MultiChoice confirmed that it has notified the Takeover Regulation Panel, as required under Section 122 of the Companies Act. The board stated that the disclosure is accurate and complete to its knowledge. This acquisition represents continued progress in Canal+’s bid for majority control. The move supports its strategy to grow across Africa’s digital media landscape.
