On 27 June 2022, Naspers and Prosus announced an open-ended share repurchase programme.
Prosus regularly sells small numbers of ordinary shares in Tencent Holdings Limited held by the Group, while concurrently purchasing Prosus N ordinary shares. At the same time, Naspers sells Prosus N ordinary shares and purchases Naspers N ordinary shares.
As of 30 September 2025, the open-ended repurchase programme has returned close to US$42bn to shareholders, which equates to 30% of Prosus free float and 28% of Naspers free float repurchased. The open-ended repurchase programme has resulted in an incremental accretion of 18% in NAV per share for Prosus, and 21% for Naspers, compared to what it would have been had the programme not commenced.
* See details on buyback data in the latest financial results presentation.
We are committed to remain a large shareholder in Tencent and are excited about Tencent’s long-term prospects. Our open-ended repurchase program increases our per share exposure to Tencent.
Prosus and Naspers intend to cancel their respective repurchased shares, in line with regulatory requirements.
Additional information on the open-ended share repurchase programme is available below.
Open-ended share repurchase programme summary
Open-ended share repurchase programme detail: Dec ’22 – April ’23
Open-ended share repurchase programme detail: Jun ’22 – Dec ’22