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AGM information

Corporate Action

In 2019, Phuthuma Nathi shareholders were offered the option to exchange some of their shares in Phuthuma Nathi for shares in the MultiChoice Group. Following extensive engagements, 5.7% of shareholders accepted the offer. In addition, a scheme of arrangement was implemented to combine the Phuthuma Nathi 1 (PN1) and Phuthuma Nathi 2 (PN2) schemes into one scheme. The transaction resulted in a one-to-one swap of Phuthuma Nathi 2 for Phuthuma Nathi shares. As a result, Phuthuma Nathi 2 is now owned by Phuthuma Nathi and all shareholders hold shares in Phuthuma Nathi.

Key dates and documents associated with these transactions are provided below:

Key Dates

28 November 2019 Implementation of PN scheme
6 November 2019 PN scheme of arrangement finalisation and delisting (PN1)
6 November 2019 PN scheme of arrangement finalisation and delisting (PN2)
30 October 2019 MCG-PN exchange offer results (PN1)
30 October 2019 MCG-PN exchange offer results (PN2)
25 October 2019 Extension of scheme of arrangement timetable
22 October 2019 Special general meeting outcome
16 September 2019 MCG-PN group offer and PN2 scheme announcement (PN1)
16 September 2019 MCG-PN group offer and PN2 scheme announcement (PN2)
16 September 2019 MCG-PN offer circular
16 September 2019 PN2 scheme circular
16 September 2019 PN notice of shareholders meeting
30 August 2019 MCG-PN offer and PN2 scheme announcement (PN1)
30 August 2019 MCG-PN offer and PN2 scheme announcement (PN2)