Business
TERMINATION OF MULTICHOICE JSE AND A2X LISTINGS
CANAL+ SA has completed its compulsory acquisition of the remaining MultiChoice Group ordinary shares, with the delisting from the JSE and A2X effective from December 10, 2025, following regulatory approvals. The company has paid the necessary consideration for these shares and remains committed to a secondary inward listing on the JSE within nine months of the delisting date, as per conditions set by South African competition authorities. Disclaimer*
About this update from Canal+ Sa
[{"type":"text","content":"\n\n\nPress release\nCANAL+ SA (LSE : CAN) Issy-les-Moulineaux, 08 December 2025\n\n \nTERMINATION OF MULTICHOICE JSE AND A2X LISTINGS\n \nCANAL+ SA (LSE: CAN, the \"Company\" and \"CANAL+\") refers shareholders to the announcement published on SENS on 24 October 2025 concerning the exercise of its right in terms of section 124(1) of the Companies Act to compulsorily acquire all the remaining ordinary shares of MultiChoice Group Limited (the Remaining MultiChoice Shares), excluding treasury shares and any shares already held by CANAL+ and its related or inter-related persons, in accordance with the timetable set out in such announcement (the Squeeze-Out Notice). The Squeeze-Out Notice confirmed that, following CANAL+'s compulsory acquisition of the Remaining MultiChoice Shares, with effect from Friday, 5 December 2025, the ordinary shares of MultiChoice would be delisted from the JSE and the A2X with effect from Wednesday, 10 December 2025 (the Delisting), subject to certain regulatory approvals being obtained from the JSE, the A2X and the Financial Surveillance Department of the South African Reserve Bank.\n \nCANAL+ completed its compulsory acquisition of the Remaining MultiChoice Shares with effect from Friday, 5 December 2025, and has paid the necessary consideration for the Remaining MultiChoice Shares to MultiChoice in accordance with section 124(5)(a)(ii) of the Companies Act, 71 of 2008. The aforementioned approvals for the Delisting have been obtained. Accordingly, the Delisting will proceed upon commencement of trading on the JSE and A2X on Wednesday, 10 December 2025 as envisaged in the timetable set out in the Squeeze-Out Notice.\n \nCANAL+ remains committed to fulfilling its obligations under the conditions imposed by the South African competition authorities in connection with CANAL+'s acquisition of MultiChoice, and accordingly intends to proceed with a secondary inward listing on the JSE within 9 months following the effective date of the Delisting, in accordance with the timetable and procedures envisaged in the relevant regulatory approvals.\n \n \nFor further enquiries please contact:\n\n\n\n\nAlima Levy\n\n\[email protected]\n\n\n\n\nAndrew Swailes\n\n\[email protected] \n\n\n\n\n \n \nABOUT CANAL+\nFounded as a French subscription-TV channel 40 ...