Calculation of Naspers shares

Following shareholder approval, in September 2023, we removed the cross-holding of shares between Prosus and Naspers. This ensures the continuation of the open-ended share repurchase program, meaningfully simplifies our corporate structure and preserves the benefits gained from the listing of Prosus and from the share exchange transaction.

The table below sets out the calculation of the number of shares following the finalisation of the share capitalisation issue and removal of the Group’s cross-holding. We will update this table periodically for the open-ended buyback.

Shares in issue



Notes

  1. Number of shares at completion of the transaction to remove the crossholding.
  2. The open-ended share repurchase programme, initiated in June 2022, is currently underway. Naspers intends to cancel all the shares repurchased, which will be done weekly, adhering to standard regulatory procedures. 
  3. Naspers N shares held in treasury excludes shares held by share schemes. Naspers N shares held in treasury by an SA subsidiary of Naspers prior to the removal of the crossholding were cancelled in September 2023.
  4. Each Naspers A share holds 1/5 of economic participation.