10 Jul 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
(Naspers)
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: Basil Sgourdos
Company: Naspers Limited
Transaction date: 8 July 2024
Nature of transaction: On market disposal of shares
Number of shares: 2,480 Naspers N ordinary shares
Class of shares: N ordinary shares
Total value of transaction: R8,742,015.62
Volume weighted average
price per share: R3,525.0063
Highest price per share: R3,525.14
Lowest price per share: R3,525.00
Nature of transaction: On 21 June 2021, Basil Sgourdos was awarded 16,472 Naspers PSUs at a nil base cost. PSUs were awarded in FY22, following feedback from shareholders, to better incentivise long-term value creation in our underlying internet businesses.
These Naspers PSUs vested on 21 June 2024 subject to performance conditions linked to the performance of the Ecommerce portfolio being met at 100% of the awarded PSUs, resulting in the award of 16,472 Naspers PSUs.
Following the vesting, Basil Sgourdos exercised 16,472 Naspers PSUs. He disposed of 2,480 Naspers N ordinary shares to cover taxes and other related costs on market and took delivery of the remaining 13,992 Naspers N ordinary shares into his family trust (indirect beneficial holding).
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, 10 July 2024
Sponsor: 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.