28 Nov 2023

Dividend finalisation

Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000325783
(Naspers)

DIVIDEND FINALISATION

(All figures in South African cents unless stated otherwise)

Following shareholder approval on 24 August 2023 and the removal of the cross-holding structure, for the year ended 31 March 2023, 874 cents (2022: 660.2344 cents) per listed N ordinary share and 174.8 cents (2022: 132.0469 cents) per unlisted A ordinary share will be payable to eligible Naspers shareholders as dividends.

Dividends will be payable to shareholders recorded in the register on Friday, 8 December 2023, and paid on Monday, 11 December 2023.

The last date to trade cum and be eligible for the dividend will be on Tuesday, 5 December 2023 (shares trade ex-dividend from Wednesday, 6 December 2023). Shares may not be dematerialised or rematerialised between Wednesday, 6 December 2023, and Friday, 8 December 2023, both dates inclusive. 

The dividend will be declared from Naspers’ income reserves. It will be subject to the dividend tax rate of 20%, yielding, to those shareholders not exempt from paying dividend tax, a net dividend of 699.2 cents per listed N ordinary share and 139.84 cents per unlisted A ordinary share. Dividend tax will be 174.8 cents per listed N ordinary share and 34.96 cents per unlisted A ordinary share. The issued ordinary share capital at 28 November 2023 was 184,385,659 N ordinary shares and 961,193 A ordinary shares. The company’s income tax reference number is 9550138714.

Following the successful implementation of the unwind of the cross-holding structure, the group will not be temporarily suspending the share repurchase programme as it is not necessary for the calculation of the dividend. 

Cape Town, South Africa, 28 November 2023

JSE sponsor to Naspers: Investec Bank Limited


Enquiries

Investor Enquiries

Eoin Ryan, Head of Investor Relations

+1 347-210-4305

Media Enquiries

Shamiela Letsoalo, Media RelationsDirector

+ 27 78 802 6310

 

Disclaimer

The Repurchase Programme is being conducted in accordance with Articles 5(1) and 5(3) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (“Market Abuse Regulation”) and Articles 2 to 4 of Commission Delegated Regulation (EU) 2016/1052 supplementing the Market Abuse Regulation with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures (the “Delegated Regulation”). This document is issued in connection with the disclosure and reporting obligation set out in Article 2(1) of the Delegated Regulation.

This document contains information that qualifies as inside information within the meaning of Article 7(1) of the Market Abuse Regulation.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

The information contained in this announcement may contain forward-looking statements, estimates and projections.  Forward-looking statements involve all matters that are not historical and may be identified by the words “anticipate”, ”believe”, ”estimate”, ”expect”, ”intend”, ”may”, ”should”, ”will”, ”would” and similar expressions or their negatives, but the absence of these words does not necessarily mean that a statement is not forward-looking. These statements reflect Prosus’s intentions, beliefs or current expectations, involve elements of subjective judgement and analysis and are based upon the best judgement of Prosus as of the date of this announcement, but could prove to be wrong. These statements are subject to change without notice and are based on a number of assumptions and entail known and unknown risks and uncertainties. Therefore, you should not rely on these forward-looking statements as a prediction of actual results.

Any forward-looking statements are made only as of the date of this announcement and neither Prosus nor any other person gives any undertaking, or is under any obligation, to update these forward-looking statements for events or circumstances that occur subsequent to the date of this announcement or to update or keep current any of the information contained herein, any changes in assumptions or changes in factors affecting these statements and this announcement is not a representation by Prosus or any other person that they will do so, except to the extent required by law.

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.