MultiChoice Group Limited Announces Share Transactions by Directors and Shareholder Notice

Strategic Insights -

MultiChoice Group Limited, a leading multimedia and entertainment company in South Africa, has announced several transactions involving the sale of shares by its directors and employees. The transactions were made on June 18, 2025, and involve the sale of ordinary shares under the MultiChoice Group Restricted Share Plan Trust. The sales were made at an average price of R115.00 per share, with some directors selling their shares at a higher price of up to R115.10.

Key Takeaways:

  • MultiChoice Group Limited has announced several transactions involving the sale of shares by its directors and employees, with a total value of R1,156,186.60.
  • The sales were made on June 18, 2025, and involve the sale of ordinary shares under the MultiChoice Group Restricted Share Plan Trust.
  • Director Byron du Plessis sold 3,726 shares at a volume-weighted average price of R115.0022, with a value of R428,498.29.
  • Director Richard Tessendorf sold 2,467 shares at a volume-weighted average price of R115.0091, with a value of R283,727.42.
  • Director Richared Tessendorf also sold 3,692 shares at a volume-weighted average price of R115.0003, with a value of R424,581.10.
  • Director Doug Lowther sold 5,461 shares at a volume-weighted average price of R115.0245, with a value of R628,149.02.
  • The company's share price has remained stable, with an average price of R115.00 per share.
  • Shareholders are required to provide proof of their nationality or domicile to avoid being deemed as foreigners to South Africa.
  • MultiChoice has reduced its voting rights of shares held by foreigners to within the statutory limit of 20% of the total voting power.

Statistics:

  • Total value of share transactions: R1,156,186.60
  • Average share price: R115.00 per share
  • Number of shares sold: 3,726, 2,467, 3,692, and 5,461 by directors Byron du Plessis, Richard Tessendorf, Richard Tessendorf, and Doug Lowther respectively.
  • Total shares sold: 15,166
  • Volume-weighted average share price: R115.0022, R115.0091, R115.0003, and R115.0245 by directors Byron du Plessis, Richard Tessendorf, Richard Tessendorf, and Doug Lowther respectively.

Sources:

  • Johannesburg Stock Exchange: MULTICHOICE GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2018/473845/06)
  • MultiChoice Group Limited website: www.multichoice.com
  • Takeover Regulation Panel ruling: 27 February 2024