Following its acquisition of a controlling stake in MultiChoice Group, Canal+ has announced that MultiChoice is scheduled to delist from the Johannesburg Stock Exchange (JSE) on December 10, 2025, subject to regulatory approvals.
In a shareholder notice released on Friday, MultiChoice stated that trading of its shares on both the JSE and A2X will be suspended from Monday, October 27, 2025, in anticipation of the takeover completion.
Canal+ has effectively secured more than the 90 % share-acceptance threshold required under South Africa’s Companies Act, paving the way for a compulsory acquisition of the remaining shares of MultiChoice.
The notice explains:
“The Remaining MultiChoice Shareholders are reminded of their rights to apply to a court of competent jurisdiction within 30 business days after receiving the Notice in terms of section 124(2) of the Companies Act (“Section 124(2) Rights”).”
Once approved, Canal+ will proceed to integrate MultiChoice’s operations and commence its own secondary inward listing on the JSE, under its primary listing in London.
The delisting signals the end of MultiChoice’s six-year tenure as a publicly traded company on the JSE since its listing in 2019.
Regulators from the JSE, A2X and the Financial Surveillance Department of the South African Reserve Bank must still grant final approvals for the planned delisting to proceed.
The move underscores Canal+’s strategy to cement its footprint in Africa by leveraging MultiChoice’s extensive subscriber base and pan-African distribution network.
