MultiChoice Directors Sell R14.2M in Shares Amidst Restricted Plan Settlements

  • MultiChoice directors sold shares worth R14.2M, complying with JSE Listings Requirements.
  • Transactions involved settling restricted share awards and managing tax obligations.
  • Shareholders advised to consult professional advisers regarding voting rights and statutory compliance.

MultiChoice Group Limited, listed on the Johannesburg Stock Exchange (JSE), disclosed multiple share transactions. These transactions involve its restricted share plans, directors, a major subsidiary director, and the group company secretary. The company provided detailed information in compliance with JSE Listings Requirements.

Irdeto Restricted Share Unit Plan

Date: 12 June 2024
Nature of Transaction: On-market purchase
Purpose: To settle restricted share awards
Number of Securities: 1,191
Class of Securities: Ordinary shares
Purchase Price per Share: R109.40
Value of Transaction: R130,295.40
Nature of Interest: Direct, non-beneficial

Director Byron du Plessis’ Transactions

Transaction 1:

Date: 13 June 2024
Nature of Transaction: On-market sale of vested shares
Shares Awarded Under: MultiChoice Group Restricted Share Plan Trust
Number of Securities: 43,174
Selling Price per Share: R106.00
Value of Transaction: R4,576,444.00
Nature of Interest: Direct, beneficial

Transaction 2:

Date: 13 June 2024
Nature of Transaction: On-market sale of shares
Number of Securities: 9,154
Selling Price per Share: R109.89
Value of Transaction: R1,005,933.06
Nature of Interest: Direct, beneficial

Group Company Secretary Carmen Miller’s Transaction

Date: 13 June 2024
Nature of Transaction: On-market sale of vested shares
Shares Awarded Under: MultiChoice Group Restricted Share Plan Trust
Number of Securities: 36,935
Selling Price per Share: R106.00
Value of Transaction: R3,915,110.00
Nature of Interest: Direct, beneficial

Director Richard Tessendorf’s Transactions

Transaction 1:

Date: 13 June 2024
Nature of Transaction: Off-market vesting and on-market sale
Shares Awarded Under: MultiChoice Group Restricted Share Plan Trust
Number of Securities: 3,045
Volume Weighted Average Sale Price per Share: R106.0003
Highest Selling Price: R106.01
Lowest Selling Price: R106.00
Value of Transaction: R322,770.91
Nature of Interest: Direct, beneficial

Director Doug Lowther’s Transactions

Transaction 1:

Date: 13 June 2024
Nature of Transaction: Off-market vesting and on-market sale
Shares Awarded Under: MultiChoice Group Restricted Share Plan Trust
Number of Securities Sold: 23,951
Selling Price per Share: R106.25
Value of Sale Transaction: R2,544,793.75
Nature of Interest: Direct, beneficial

Transaction 2:

Date: 13 June 2024
Nature of Transaction: Exercise of RSUs and on-market sale
RSU Award Date: 31 March 2021
Number of RSUs Exercised: 5,174
Number of Shares Received: 34,828
Selling Price per Share: R106.40
Value of Transaction: R1,901,474.40
Nature of Interest: Direct, beneficial

Additional Purchases Under Irdeto Restricted Share Unit Plan

Transaction 1:

Date: 13 June 2024
Nature of Transaction: On-market purchase
Number of Securities: 23,517
Volume Weighted Average Purchase Price: R106.7005
Value of Purchase: R2,509,275.69
Nature of Interest: Direct, non-beneficial

Transaction 2:

Date: 14 June 2024
Nature of Transaction: On-market purchase
Number of Securities: 18,283
Volume Weighted Average Purchase Price: R107.5812
Value of Purchase: R1,966,907.34
Nature of Interest: Direct, non-beneficial

Summary of Transactions

DateDirector/EntityTransaction TypeNumber of SharesPrice per Share (R)Transaction Value (R)
12 June 2024Irdeto Restricted Share Unit PlanOn-market purchase1,191109.40130,295.40
13 June 2024Byron du PlessisOn-market sale43,174106.004,576,444.00
13 June 2024Byron du PlessisOn-market sale9,154109.891,005,933.06
13 June 2024Carmen MillerOn-market sale36,935106.003,915,110.00
13 June 2024Richard TessendorfOff-market vesting and sale3,045106.0003322,770.91
13 June 2024Doug LowtherOff-market vesting and sale23,951106.252,544,793.75
13 June 2024Doug LowtherRSU exercise and sale17,871106.401,901,474.40
13 June 2024Irdeto Restricted Share Unit PlanOn-market purchase23,517106.70052,509,275.69
14 June 2024Irdeto Restricted Share Unit PlanOn-market purchase18,283107.58121,966,907.34

Conclusion

MultiChoice Group Limited’s recent share transactions reflect significant activity by its directors and restricted share plans. The disclosed transactions comply with JSE Listings Requirements, ensuring transparency and adherence to regulations. Shareholders should stay informed and consult professional advisers if needed.