Share buyback programmes

In June 2022, we launched an open-ended share repurchase programme of Prosus and Naspers shares.  The programme is funded by the regular selling of small numbers of Tencent shares and is designed to efficiently unlock value for shareholders and increase net asset value (NAV) over time. The programme will continue for as long as the discount to our underling NAV remains elevated.

Share buyback programmes

Shares in issue

In September 2023, we have removed the Group’s cross-holding structure. 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 on the shares in issue page sets out the calculation of the number of shares as at the close of the share capitalisation issue and removal of the cross-holding.