Multichoice Group Limited recently announced a series of securities transactions involving its directors and company secretary. These transactions, in compliance with the JSE Listings Requirements, encompass both on-market sales and off-market acceptances of restricted shares and scheme units. The disclosure showcases the active engagement of key individuals in the company’s equity schemes and reinforces Multichoice’s commitment to transparency.
Byron du Plessis, a director at MultiChoice Africa Holdings B.V., conducted an on-market sale of 4,940 ordinary shares on June 14, 2023. These shares were originally awarded to du Plessis under the MultiChoice Group Restricted Share Plan Trust in June 2020. The selling price per share was recorded at R95.80, resulting in a transaction value of R473,252.00. This transaction reflects du Plessis’s direct and beneficial interest.
Another director, Maarten Koning, also participated in an on-market sale. Koning sold 4,105 ordinary shares on June 19, 2023. These shares were awarded under the MultiChoice Group Restricted Share Plan Trust in June 2019. The transaction involved multiple selling prices, with a volume-weighted average selling price per share of R91.8925. The highest and lowest selling prices were recorded at R92.00 and R91.70, respectively. The total value of Koning’s transaction amounted to R377,218.70, representing his direct and beneficial interest.
Similarly, director Tom de Vries conducted an on-market sale on the same date as Maarten Koning. De Vries sold 1,368 ordinary shares, also awarded under the MultiChoice Group Restricted Share Plan Trust in June 2019. The volume-weighted average selling price per share stood at R92.7708, with the highest and lowest selling prices recorded at R95.00 and R91.80, respectively. The transaction’s total value was R126,910.40, reflecting de Vries’s direct and beneficial interest.
In addition to the directors, Multichoice’s company secretary, Carmen Miller, engaged in securities transactions. On June 14, 2023, Miller conducted an on-market sale of 5,386 ordinary shares, which were awarded under the MultiChoice Group Restricted Share Plan Trust in June 2020. The selling price per share was R95.46, resulting in a transaction value of R514,147.56. Miller’s direct and beneficial interest was reflected in this transaction.
Further, on June 19, 2023, Miller participated in an on-market sale of 2,031 ordinary shares. These shares were also awarded under the MultiChoice Group Restricted Share Plan Trust in June 2019. The selling price per share was R91.80, and the total transaction value amounted to R186,445.80, representing Miller’s direct and beneficial interest.
Moreover, on June 21, 2023, Miller accepted an off-market award of 2,230 ordinary shares, demonstrating her continued involvement in the Multichoice equity schemes.
