12 Feb 2024
Dealing in securities by director
Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
Dealing in securities by director
In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed:
Director: Mark Sorour
Company: Naspers Limited
Transaction date: 8 February 2024
Nature of transaction: On market disposal of shares
Number of shares: 23,689 Naspers N ordinary shares
Class of shares: N ordinary shares
Total value of transaction: R79,780,697.65
Volume weighted average
price per share: R3,367.8373
Highest price per share: R3,376.88
Lowest price per share: R3,360.00
Nature of transaction: Mark Sorour exercised 41,095 share options and the additional linked share options received at the time of the listing of Prosus N.V. The share options relate to 30,000 Naspers N ordinary share options, awarded on 28 March 2014 with a base cost of R1,046.88 per share and vested on 28 March 2017, 28 March 2018 and 28 March 2019. The additional 11,095 share options were received at nil base cost at the time of listing Prosus N.V. These share options are set to expire on 28 March 2024 in terms of the rules of that plan.
Mark Sorour disposed of 23,689 of the shares and took delivery of the remaining 17,406 shares in his own name.
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements
Cape Town, South Africa, 12 February 2024
JSE sponsor to Naspers: Investec Bank Limited
About Naspers
Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam, and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.
In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies. These include Takealot, Mr D Food, Superbalist, Autotrader, Property24 and PayU, in addition to Media24, South Africa’s leading print and digital media business.
Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ), a secondary listing on the A2X Exchange (NPN.AJ) in South Africa, and has a level 1 American Depository Receipt (ADR) programme which trades on an over-the-counter basis in the United States of America.
For more information, please visit www.naspers.com.
Naspers Labs
In 2019, Naspers Labs, a youth development programme designed to transform and launch South Africa’s unemployed youth into economic activity, was launched. Naspers Labs focuses on digital skills and training, enabling young people to pursue tech careers.
Response to COVID-19
Naspers contributed R1.5 billion of emergency aid to support the South African government’s response to the COVID-19 pandemic. This contribution consisted of R500 million towards the Solidarity Fund and R1 billion worth of PPE sourced and distributed to South Africa’s front-line healthcare workers. In addition, Naspers contributed R6.9 million to the Nelson Mandela Foundation's EachOne FeedOne programme to support families who COVID-19 has impacted with meals for a year.