French media giant Canal+ has revealed its ongoing acquisition spree of shares in South African company MultiChoice Group Limited, with transactions occurring on May 8th, 9th, and 10th, 2024.
In total, Canal+ procured 7,374,918 MultiChoice Shares through a mix of on and off-market transactions. Here’s the breakdown:
– On May 8th, 2024, Canal+ acquired 4,709,759 MultiChoice Shares via on/off-market transactions at an average price of ZAR 119.66 per share.
– On May 9th, 2024, 387,354 MultiChoice Shares were acquired by Canal+ through on/off-market transactions at an average price of ZAR 119.44 per share.
– On May 10th, 2024, Canal+ acquired 2,277,805 MultiChoice Shares through on/off-market transactions at an average price of ZAR 119.68 per share.
With these transactions, Canal+ will soon hold approximately 45.2% of MultiChoice Shares, further solidifying its position within the company. Canal+ has diligently reported these acquisitions to the Takeover Regulation Panel (TRP) in adherence to South African regulatory guidelines.
Canal+ affirms its potential interest in further MultiChoice Shares acquisitions while the Offer is open, ensuring compliance with relevant regulations and disclosure requirements. Any future acquisitions will be promptly disclosed as per statutory obligations.
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