22
June
2021
|
17:50
Europe/Amsterdam

Prosus N.V. announces completion of the Naspers share purchase

Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN ISIN: US 6315122092
(Naspers)

Prosus N.V. announces completion of the Naspers share purchase

Shareholders are referred to the announcement issued by Naspers’s subsidiary Prosus N.V. (Prosus) on 23 November 2020 in respect of the launch of an on-market Naspers N ordinary share purchase programme of up to US$3.63 billion (the Share Purchase) by Prosus.

Originally driven by the regulatory requirement to provide weekly updates on Prosus ordinary shares N repurchased, Prosus decided to continue providing voluntary updates to Naspers shareholders on the Naspers N ordinary shares it purchased.

For the period between 14 June 2021 and 21 June 2021, Prosus purchased 572 542 Naspers N ordinary shares at an average price of ZAR3 030.2483 per share for a total consideration of ZAR1 734 944 430.51 (US$123 364 855.77). This concludes the Share Purchase component of the programme announced on 23 November 2020.

Since the commencement of the programme on 23 November 2020:

  • A total of 11 874 493 Prosus ordinary shares N were purchased (representing c. 0.7309% of the issued Prosus ordinary shares N) for a total consideration of US$1.37bn excluding transaction costs, which represents an average cost of EUR94.97 per Prosus ordinary share N.
  • A total of 15 992 042 Naspers N ordinary shares were purchased (representing c. 3.672% of the issued Naspers N ordinary shares) for a total consideration of US$3.63bn excluding transaction costs, which represents an average cost of ZAR3 317.96 per Naspers N ordinary share

Cape Town, 22 June 2021

Sponsor: Investec Bank Limited

Disclaimer

The information contained in this document 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 document, 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 document 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 document 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 document is not a representation by Prosus or any other person that they will do so, except to the extent required by law.

Boilerplate

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) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa and has an ADR listing on the London Stock Exchange (LSE: NPSN). 

For more information, please visit www.naspers.com

Naspers Foundry 

Naspers is also focused on stimulating South Africa’s local tech sector through Naspers Foundry. This is a R1.4 billion investment vehicle that invests in early-stage technology companies that seek to address big societal needs. 

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. 

Naspers for Good 

Naspers employees is equally committed to giving back. Naspers for Good is a corporate philanthropy fund administered by a committee of employees in South Africa. Through the fund, Naspers forms partnerships with organisations that have a proven track record of delivering solutions for the most pressing challenges affecting our communities. Email [email protected] for more information. 

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.

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.

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