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Johannesburg-based entertainment company MultiChoice Group Ltd will delist from the Johannesburg Stock Exchange and A2X exchange in South Africa in December, Canal+ SA revealed on Friday. In a statement on Friday, the London-listed, Paris-based media and entertainment group said MultiChoice will formally exit from these two stock exchanges on December 10. Before then, MultiChoice shares will be suspended from trading on the JSE and A2X, with effect from Monday next week. Canal+ also gave a notice, formally informing remaining MultiChoice shareholders of its intention to compulsorily acquire the remaining shares, given that it has crossed the 90% share ownership threshold. As at 1200 SAT on October 10, MultiChoice shareholders holding 217.7 million shares, or about 92.5%, had accepted Canal+’s mandatory offer. Canal+ owned a total of 94.4% stake in MultiChoice, including shares it held before the offer. Canal+ plans to seek a secondary inward listing on the JSE, following acquisition of MultiChoice. Canal+’s takeover of MultiChoice will conclude a process that started early in June last year. Back then, Canal+ improved its offer for MultiChoice to R 125 per share, a 67% premium to MultiChoice’s closing price of R 75 before Canal+ first approached MultiChoice investors on February 1 last year. The combined group will serve more than 40 million subscribers across nearly 70 countries in Africa, Europe and Asia. Shares in MultiChoice were up 0.1% at R 123.66 on Friday midday in Johannesburg. Canal+ shares were down 1.7% to 234.60 pence in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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