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IN BRIEF: Jacques du Puy to retire as director of MultiChoice, Canal+

ALN

MultiChoice Group Ltd - Johannesburg-based entertainment company that owns satellite service DStv and Showmax video-on-demand platform - Says Jacques du Puy will retire as an executive director of Canal+ SA and MultiChoice from March 31, 2026. MultiChoice had appointed Du Puy as an executive director of MultiChoice from September 22. Du Puy played a pivotal role in shaping the international growth of Canal+ and will remain fully committed to his roles and responsibilities until his retirement.

Canal+ owns a 94% stake in MultiChoice and is proceeding to ’squeeze out’ remaining MultiChoice shareholders to get 100% ownership. This will pave the way for a secondary inward listing of Canal+ on the Johannesburg Stock Exchange in place of MultiChoice, a company about its same size.

MultiChoice stock price in Johannesburg: R 123.21

12-month change: up 11%

Canal+ stock price in London: 240.42 pence

Listed on LSE in December 2024

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