07 Dec 2023
Update on repurchase programme
Prosus N.V.
(Incorporated in the Netherlands)
(Legal Entity Identifier: 635400Z5LQ5F9OLVT688)
AEX and JSE Share Code: PRX ISIN: NL0013654783
(Prosus)
Update on repurchase programme
Prosus today announces an update to the open-ended, repurchase programme in respect of the ordinary shares N in the capital of Prosus ("Prosus Shares") and N ordinary shares in the share capital of Naspers ("Naspers Shares"), from the respective Prosus and Naspers (together the “Group”) free-float shareholders (together the “Repurchase Programme”) announced on 27 June 2022.
Shareholders are hereby advised that in connection with the continued implementation of the Repurchase Programme, on Thursday, 7 December 2023, Prosus sold 513,500 ordinary shares in Tencent, bringing its total ownership in Tencent to 24.99%. This requires that each of Prosus and Naspers make a Disclosure of Interest notification to the Stock Exchange of Hong Kong Limited, which Prosus and Naspers will make today. Disclosure of Interest notifications are required to be made every time Prosus’s shareholding percentage in Tencent crosses over a whole percentage number.
The open-ended Repurchase Program continues on the same basis as before with no modifications.
Amsterdam, the Netherlands, 7 December 2023
JSE sponsor to Prosus: Investec Bank Limited
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About Prosus
Prosus is a global consumer internet group and one of the largest technology investors in the world.
Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors.
Through the Prosus Ventures team, the group invests in new technology growth opportunities within logistics, fintech, health, blockchain, social and ecommerce platforms, agriculture and more.
The team actively backs exceptional entrepreneurs using technology to improve people's everyday lives.
Each month, over two billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built.