2022 Latest dividend paid Phuthuma Nathi shareholders continued to benefit from dividend payments, receiving ZAR1.5bn in September 2022 following approval at the 2022 AGM. This took the total amount in dividends paid out to Phuthuma Nathi shareholders since inception to ZAR16.4bn. 2019 Phuthuma Nathi shareholding in MultiChoice SA increased to 25% To underpin the commitment by MultiChoice SA and Naspers to socio-economic transformation and BBBEE, MultiChoice SA and Naspers allocated an additional 5% stake in MultiChoice SA to Phuthuma Nathi for no consideration. Phuthuma Nathi 1 and Phuthuma Nathi 2 combined In FY19, shareholders voted to combine the two 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 owned by Phuthuma Nathi, and all scheme shareholders hold shares in Phuthuma Nathi. Share swap completed 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, shareholders representing a combined 5.7% shareholding in Phuthuma Nathi accepted this offer. Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 13 Overview Introduction Understanding Phuthuma Nathi Understanding MultiChoice SA MultiChoice SA performance Financial review Corporate governance review Shareholder information
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