12th May 2026 12:11
(Alliance News) - Canal+ SA confirmed on Tuesday it will debut on the Johannesburg Stock Exchange on June 3 following fast-track secondary inward listing.
The Paris-based media and entertainment group took over MultiChoice Group Ltd early in December last year, resulting in the delisting of the Johannesburg-based entertainment company that owns DStv. Canal+ has previously indicated it sought a secondary flotation on the JSE.
The JSE has granted approval to Canal+ for a secondary listing, by way of introduction using the fast-track listing process, of all its issued shares.
In addition, the Financial Surveillance Department of the South African Reserve Bank has approved the fast-track secondary inward listing of Canal+ on the JSE.
Canal+ said in a statement on Tuesday it will retain its primary listing on the London Stock Exchange, adding: "Shares traded on the JSE will be fully fungible with those on the LSE."
Canal+ listed on the LSE in December 2024, after it was unbundled from Paris-based media and entertainment firm Vivendi SA.
The secondary inward listing will provide investors on the JSE with the opportunity to invest directly in a global media and entertainment company and enhance the long-term liquidity and tradability of Canal+ shares, Canal+ said.
Shares in Canal+ were down 0.9% to 231.40 pence in London on Tuesday, handing it a a market capitalisation of around GBP2.27 billion or ZAR51.0 billion.
By Artwell Dlamini, Alliance News senior reporter South Africa
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