Global media and entertainment company CANAL+ has confirmed its intention to complete a fast-track secondary inward listing of its ordinary shares on the Johannesburg Stock Exchange (JSE). 3 June 2026.
The French-based media group, which already holds a primary listing on the main market of the London Stock Exchange (LSE), said the JSE listing will provide South African investors with a direct opportunity to invest in the group and will enhance the long-term liquidity and tradability of CANAL+ shares.
Fully convertible shares, no new capital raised
CANAL+ will retain its primary listing on LSE. Shares will be traded on JSE fully convertible with those on the LSE, meaning investors can move freely between the two exchanges.
The company noted that no new shares will be placed or issued in connection with the secondary inward listing, and no new capital will be raised on the listing date.
This announcement serves as the pre-listing announcement (PLA) required by the JSE for companies seeking a fast-track secondary inward listing on the Prime segment of the Main Board.
A global media powerhouse
Founded 40 years ago as a French subscription-TV channel, CANAL+ now operates in three business sectors: Europe, Africa and AsiaAnd Content production, distribution and other.
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Credit: Reuters
Following the full acquisition of MultiChoice Group on 5 December 2025 and the delisting of MultiChoice from the JSE on 10 December 2025, the combined group has become a major force in African entertainment.
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over 42 million subscribers Worldwide (by 31 December 2025)
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Presence in over 70 countries
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approximately 15,000 employees
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23 million pay-TV subscribers Alone across Africa and Asia
The integration of MultiChoice brings iconic brands under one roof, including DStv, GOtv, M-Net, SuperSport, Irdeto and Kingmakers.
Why list on JSE?
CANAL+ highlighted four key benefits of the secondary incoming list:
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Access for South African investors – The only global entertainment and broadcasting company listed on the JSE.
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increased liquidity – Improved trading capabilities through a strong, internationally recognized exchange.
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shareholder base diversification – Expanding the company's geographic footprint.
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Optionality of future capital – Ability to raise funds for acquisitions in new markets, although not part of the current list.
The listing also fulfills a voluntary commitment made by CANAL+ during its acquisition of MultiChoice, which was accepted by the South African Competition Tribunal. Company promises to proceed with JSE secondary listing within nine months Delisting of MultiChoice on 10 December 2025.
“The listing goes beyond regulatory compliance and reflects the company’s genuine intention to maintain a meaningful presence on the South African capital markets.” Canal+ said.
Development prospects for Africa and beyond
watches CANAL+ Sub-Saharan Africa as an important development opportunity.
The continent's population is expected to grow from 1.2 billion in 2026 to 2 billion by 2050, with GDP projected to expand by 4.5% between 2026 and 2030.
The company noted that only 50% of homes are currently electrified, and OTT penetration is only 4%, leaving ample room for expansion.
After MultiChoice merger, group expects to achieve results heySee €400 million in adjusted EBIT And Over €300 million in free cash flow Annual run-rate cost synergy from 2030 onwards.
Technology, AI, and fighting piracy
CANAL+ highlights its investment in proprietary technology, including the use of its state-of-the-art streaming platform and AI analytics Personalizing content, improving search, and enhancing customer service through chatbots and virtual assistants.
On piracy, the company has developed a multi-pronged strategy using proprietary technology to stop illegal streams, working with broadband providers and rights-owners. acquisition of Irdeto Through MultiChoice – the world leader in digital content security – strengthens this effort.
Listing date confirmed
Scheduled for second incoming list 3 June 2026Pending final JSE approval.
CANAL+ has appointed Computershare Investor Services Proprietary Limited as its transfer secretary to South Africa, whose principal place of business was Rosebank Towers, Johannesburg.
