Naspers prosus spin off 2022. In fact, the Prosus spin-off has failed.

Naspers prosus spin off 2022 Oct 29, 2024 · 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 Sep 11, 2019 · The spin-off in Amsterdam marks the end of an era for Naspers as it looks to move beyond the legacy of former Chief Executive Koos Bekker's prescient investment of just $34 million in Tencent when Jun 27, 2023 · South Africa, Cape Town, 27 June 2023: Naspers Limited ("Naspers") (JSE: NPN): The board of directors of Naspers (the Naspers Board) and the board of directors of Prosus (the Prosus Board) are pleased to announce that Naspers and Prosus (together with their consolidated subsidiaries, the Group) intend to implement a proposed transaction in Just a news article but sums up much of my distaste for Naspers/Prosus (though they didn’t discuss the Prosus spin-off and asinine cross holdings structure which hasn’t panned out like management expected either). 18% reduction in the discount to NAV at a Naspers level and c. For example, if the dividend is 4% yield and there is a 50% discount to NAV in Prosus/Naspers the effective yield for the Naspers/Prosus share would be ~6%. Aug 16, 2021 · Technology investor Prosus and its South African parent Naspers on Monday said they had completed a deal that sets up a cross-holding structure and moves majority ownership of their international Jun 27, 2023 · Dutch e-commerce investor Prosus NV and its controlling shareholder Naspers Ltd. Larry Illg, CEO of EdTech at Prosus, says, “We are delighted to be welcoming Stack Overflow to the Prosus family as we increasingly focus on the future of workplace learning. Sep 26, 2023 · Shareholders are referred to the announcement issued by Naspers on 27 June 2022 in respect of the launch of 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 Jul 26, 2023 · The removal of the cross-holding structure between Naspers and Prosus pursuant to the Proposed Transaction is subject to the approval of Prosus Shareholders and Naspers Shareholders of the requisite shareholder resolutions. co. Prosus comprises South African group Naspers' global empire of consumer internet assets, including the stake in Tencent, the world's biggest video Sep 11, 2019 · Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market debut in Amsterdam on Wednesday Sep 11, 2019 · Shares in Prosus <PRX. For now, only existing Naspers shareholders can… Dec 9, 2024 · The company is listed publicly on both the Amsterdam and Johannesburg stock exchanges and is primarily owned by Naspers Ltd. The implementation of the proposed transaction will enable the continuation of the share repurchase programme at the Naspers level. 40/share, valuing Just Eat at about £5. The company started trading last Wednesday through a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the Johannesburg Stock Exchange (XJSE:PRX). Following the implementation of the Naspers Capitalisation Issue, Prosus’s holding in Naspers will be diluted to a minimal level; Mar 31, 2023 · Number of shares owned by Naspers is decreasing due to the open-ended share repurchase programme funded by regular sales of Prosus N shares. 5bn. Prosus improves everyday life for billions of people through technology. Prosus comprises Naspers' global empire Jun 27, 2023 · and Prosus shareholders and as at 31 March 2023, resulted in a c. When Tencent returns value to shareholders is when the discount really starts to benefit the Naspers/Prosus holders. US$29 Discount is very nice as Tencent starts to increase it's dividend. 947x as of 22 June 2022 5Reflects Prosus price of €49. Naspers has sold 174 158 671 Prosus N shares since June 2022, when the programme commenced. The Naspers buyback is facilitated by a subsidiary company. Read more here. 7% and Naspers holds the remaining 42. Free float to increase to 59. Prosus shares. Following shareholder approval, in September 2023, we removed the cross-holding of shares between Prosus and Naspers. listed on the JSE by market capitalisation • Naspers is the . Prosus will sell this minimal holding into the market as soon as possible following completion of the Prosus Capitalisation Issue, the Naspers Capitalisation Issue and the Naspers Naspers & Prosus repurchased in 1H FY23 US$2. Shares in Naspers and its spin-off Prosus leapt on the JSE yesterday, buoyed by its stake in China’s Tencent after it announced it was NASPERS Summarised consolidated financial statements for the year ended 31 March 2022 3 COMMENTARY continued per share. e. As part of the Repurchase Programme, for the period between 4 December 2023 and 8 December 2023, Prosus repurchased 3,875,975 Prosus Shares at an average price of €30. za Prosus is preparing to spin off PayU, its internatio­nal payments business, and plans to have the unit in a “listable” form by the end of 2024, interim CEO Ervin Tu says. Naspers has tried to narrow the discount for a long time - including the Prosus spin - and nothing has seemed to work. Oct 9, 2022 · At the end of the day Prosus is an extension of Naspers. May 17, 2024 · Naspers Limited (Incorporated in the Republic of South Africa) (Registration number 1925/001431/06) JSE share code: NPN ISIN: ZAE000325783 (Naspers)Naspers today announced that the Boards of Prosus and Naspers have unanimously approved the appointment of Fabricio Bloisi as Chief Executive Officer (CEO), Prosus and Naspers Group (“the Group”). Prosus N. Sep 17, 2024 · 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 Based on Naspers’s anticipated results for the year ended 31 March 2023, Naspers is required to issue a trading statement in terms of the above JSE Listings Requirements. 9%. South Africa-based media giant Naspers owns around 57% of Prosus. Sep 11, 2019 · Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. As part of the transaction, international internet assets of Naspers Limited will form part of NewCo to be listed on Euronext Amsterdam and will have inward listing on the Johannesburg Stock Exchange ("JSE") in South Africa. Shareholders are referred to the announcement issued by Naspers’s subsidiary Prosus N. In total, Prosus has allocated US$50bn in capital over the past six years with approximately 57% of that capital being invested into the business Jun 28, 2022 · Prosus, a spin-off by South African media and internet investment firm Naspers, said Monday it will cut its huge stake in Tencent to fund a share repurchase program. com, the board of Naspers wishes to advise that the dividend to be paid in relation to the Naspers N ordinary shares and A ordinary shares of the amount that Naspers receives from Prosus as a dividend as referred to in the Prosus results announcement released on 27 June 2022, May 17, 2024 · Fabricio Bloisi Appointed CEO of Prosus and Naspers Group, Successor to Ervin Tu Posted on 17, May 2024 by EuropaWire PR Editor | This entry was posted in Business , Industrial , Management , Netherlands , News , Technology and tagged appointment , CEO , Ervin Tu , Fabricio Bloisi , Koos Bekker , leadership , Prosus and Naspers Group . How We Paid Off Our 15-Year Sep 11, 2019 · Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more. Jun 18, 2024 · Today, Prosus companies and associates help improve the lives of more than two billion people around the world. Jun 27, 2023 · South African internet group Naspers and its investment arm Prosus, which owns 26 per cent of China’s Tencent, will unwind a complex set of shareholdings in each other that had threatened to Jun 27, 2023 · Global internet group Naspers said on Tuesday it is pressing ahead with its open-ended share buyback scheme, eyeing a removal of its complex cross-holding structure with subsidiary Prosus later in 2023 which will allow this to continue. The deal was completed for approx €212M. of Naspers and Prosus has reduced by some 21 percentage points. Prosus comprises Naspers' global empire Jun 28, 2022 · Prosus, a spin-off by South African media and internet investment firm Naspers, said Monday it will cut its huge stake in Tencent to fund a share repurchase program. Oct 15, 2024 · 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 5 days ago · Naspers, through its European-listed spin-off Prosus, holds about a quarter of Tencent. Prosus hosted a series of deep-dive calls on our four core segments (Classifieds, Food Delivery, Payments & Fintech, and Edtech) to provide an in-depth look at Prosus’s portfolio and investment strategy. 2 billion Hong Kong dollars ($14. Prosus and Naspers will hold a Capital Markets Day today, 6 December 2022, in Amsterdam. 6783 per share for a total consideration of € 90,948,452 (US$ 100,860,643). EBITDA less non-cash items, plus working capital investment to expand the business and create value 2 In 1H FY23, 54m (1H FY22: 19m) Prosus and 4m (1H FY22: 5m) Naspers shares were repurchased. These assets mainly include a massive 31% stake in Chinese internet giant Tencent Jun 27, 2022 · In August 2021, Prosus completed an exchange offer for 45. 13) as of 22 June 2022 NAV per share enhancement at various level of buyback at Prosus Illustrative $10bn repurchase at Prosus Amsterdam, the Netherlands, 27 June 2022 JSE Sponsor to Prosus and Naspers: Investec Bank Limited South African Legal Advisor to Prosus and Naspers: Webber Wentzel Dutch Legal Advisor to Prosus and Naspers: Allen & Overy LLP Hong Kong Legal Advisor to Prosus and Naspers: Paul, Weiss, Rifkind, Wharton & Garrison LLP Jun 27, 2022 · At the same time, Naspers sells Prosus N ordinary shared and purchases Naspers N ordinary shares. Naspers fell to R3 400 after its recent strong run . 65 ($52. the continuation of the share repurchase programme at the Naspers level. 4% accretion in net asset value (NAV) per share. Sep 15, 2019 · Naspers Limited (JSE:NPN) intends to spin off 25% stake in international internet assets of Naspers Limited (JSE:NPN) on March 25, 2019. Amsterdam, the Netherlands, 27 June 2022 JSE Sponsor to Prosus and Naspers: Investec Bank Limited South African Legal Advisor to Prosus and Naspers: Webber Wentzel Dutch Legal Advisor to Prosus and Naspers: Allen & Overy LLP Hong Kong Legal Advisor to Prosus and Naspers: Paul, Weiss, Rifkind, Wharton & Garrison LLP Dec 6, 2023 · Prosus prepares to spin off PayU The internatio­nal payments business is essentiall­y focused on India 2023-12-06 - Mudiwa Gavaza gavazam@businessli­ve. If you should need assistance during the call, please signal an operator by pressing * and then 0. Sep 11, 2019 · Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market debut in Amsterdam on Wednesday, creating one of Europe's largest internet companies. It's nice to say that Prosus investing as Naspers by the time 15 years ago, it was a small company by the time, and we learned a lot from Naspers, we learned from the South African operations, we learned from Tencent that has an amazing operation and was a very big inspiration for us. Prosus ecommerce portfolio factsheet – November 2022 Food Delivery 1 Growth percentages shown in local currency terms, adjusted for acquisitions and disposals. Prosus Ventures is the early-stage venture investing arm of Prosus, where the company explores new sectors and emerging technologies that could help fuel the next wave of growth. Today's news; US; Politics; World; Tech. 1bn, leading to 8. Sep 17, 2024 · Shareholders are referred to the announcement issued by Naspers on 27 June 2022 in respect of the launch of 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 Amsterdam, the Netherlands, 27 June 2022 JSE Sponsor to Prosus and Naspers: Investec Bank Limited South African Legal Advisor to Prosus and Naspers: Webber Wentzel Dutch Legal Advisor to Prosus and Naspers: Allen & Overy LLP Hong Kong Legal Advisor to Prosus and Naspers: Paul, Weiss, Rifkind, Wharton & Garrison LLP Oct 30, 2024 · In a bear market for unprofitable tech, as we’ve seen through 2022/2023, the Naspers ‘double discount’ widens at two levels (Holdco and Prosus), leading to relative underperformance. Sep 11, 2019 · AMSTERDAM (Reuters) – Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. For those not familiar with Prosus, it is a spin-off of Naspers' tech investments which is listed in the Netherlands. We have received the Dec 7, 2022 · Prosus is a global consumer internet group and one of the largest technology investors in the world. or to spin Tencent out directly to current Naspers shareholders. Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets. Various global media outlets reported on Tuesday, after markets closed in Johannesburg, that the US department of defence had labelled Tencent – and several other companies – as Chinese military entities in a “Federal Register” filing. Sep 11, 2019 · In spinning off the unit, Naspers hoped to establish Prosus — Latin for “forward” — as a tech giant in its own right, and to draw in a more diverse crowd of shareholders than it currently has. between Naspers and Prosus will be removed. Dec 6, 2022 · Capital Markets Day 2022. Après le spin-off de Prosus, Naspers compte encore pour 14% de l'indice sud-africain. remain the largest South African company . Nov 30, 2023 · Prosus declined to R610, compared to its recent high of R628 following the restructuring to remove the cross holding between Naspers and Prosus. The proposed transaction is also intended to remove the complexity created by the crossholding between Naspers and Prosus while keeping the Naspers and Prosus free-float effective economic interests the same as they were prior to its implementation. The biggest position in its portfolio is Tencent, of which it owns 28. Tencent has lost almost R7 trillion in value since its peak in 2021, while the share prices of Naspers and Prosus have halved over the past year. By 31 March 2024, Jan 23, 2024 · Shareholders are referred to the announcement issued by Naspers on 27 June 2022 in respect of the launch of 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 Apr 12, 2022 · Well, so much for the theory that as we turned the page on 2021 – an annus horribilis for Chinese shares caught up in the crosshairs of a domestic regulatory crackdown and Sino/US power politics, compounded by the very poorly received attempt to unlock value via a Prosus shares for Naspers shares exchange – 2022 was set to be a year of recovery. Oct 15, 2024 · On 27 June 2022, Naspers and Prosus announced an open-ended share repurchase programme. 7bn Naspers & Prosus repurchased in 1H FY22 1 Reflects cash loss generated from continuing operations: i. Jan 16, 2024 · Shareholders are referred to the announcement issued by Naspers on 27 June 2022 in respect of the launch of 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 Jul 23, 2024 · Today, Prosus companies and associates help improve the lives of more than two billion people around the world. 7% of Naspers and Prosus has reduced by some 21 percentage points. It did not work, and it is now stuck with two conglomerates with a complex structure and Prosus trading at a 35% discount to its NAV. 02% of the issued Naspers N Ordinary Shares following the Naspers Share Consolidation. Naspers and Prosus will waive their rights to participate in the respective capitalisation issue of new Prosus or Naspers shares. Also, Prosus had repurchased 152 797 117 Prosus shares and 4 152 285 Naspers shares, with a total value of US$10. announces completion of the Naspers share purchase. J> global empire of consumer internet assets, including the stake in Tencent <0700. Oct 15, 2019 · Sell-side expectations of Prosus's EPS compound annual growth rate for the 2019-2022 period is a massive 32%, one of the highest growth rates in Europe. Prosus comprises Naspers’ global empire of consumer internet assets, with the jewel in the crown a 31% stake in Chinese tech titan Tencent. After the Extraordinary General Meeting held on 29 May 2019, Naspers management explained that Naspers will own at least 73% of Prosus, while 27% will be free float. 46% economic interest in Naspers’s listed shares to give shareholders certainty that the full extent of Prosus free-float shareholders’ effective economic interest in the underlying Prosus portfolio in distributions will be paid directly and Sep 11, 2019 · Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market debut in Amsterdam on Wednesday Oct 7, 2019 · All of Naspers’s internet interests is being unbundled into a new, foreign company, called Prosus, which will be listed on the Amsterdam exchange (Euronext Amsterdam). technology and has a 100+ year heritage in SA • Naspers . Naspers announces MultiChoice spin off & $4bn value unlock Listing of Prosus at $100bn+ valuation & $16bn unlock Announced a $5bn share buyback programme Today’s transaction Prosus announces exchange offer to Naspers shareholders. 2% accretion in net asset value (NAV) per share. 4-billion), Prosus said in a statement on Monday. It achieved a 8 % NAV accretion per share for Prosus, 9% for Naspers, while 22% of Prosus free float and 20% of Naspers free float has been repurchased. AS and its South African parent Naspers NPNJn. AJ). In July 2021, Prosus co-led a Sep 13, 2019 · Designated as the "largest IPO ever" in Amsterdam Prosus, only needs to recognize its superiors in Shell and Unilever in terms of size, launched on the market yesterday. HK Sep 11, 2019 · Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. 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. com (the largest online retailer in South Africa); Media24 (the largest publishing company in Africa) and Naspers Foundry (a South African-focused venture capital fund), it is also a majority owner of Prosus (the largest consumer internet company in Europe). FPA Crescent had a long Naspers/short Tencent pair trade for years based on the discount that did not work out very well. 46) and Tencent price of HKD 370. Time will tell whether these actions will be enough to stave off further losses in 2022, but with Apr 23, 2024 · Shareholders are referred to the announcement issued by Naspers on 27 June 2022 in respect of the launch of 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 called Movile. 1-billion (R98. Share. Naspers and Prosus’ Tencent problem Good day, ladies and gentlemen, and welcome to the Naspers and Prosus interim results call. Aug 25, 2023 · Prosus will hold directly 43,510 Naspers N Ordinary Shares, equating to c. Aug 23, 2021 · Shareholders are referred to the announcement published by Prosus N. Links to the presentations and recordings of the calls held can be found below. Prosus comprises South African group Naspers' <NPNJn. Note: Prosus/Naspers – combined market cap in USD; NASDAQ 100, S&P 500 – Index value; Latest date is Nov 16th 2022 Source: Capital IQ, Bloomberg And our group has outperformed over that period Jun 22, 2021 · (Naspers) Prosus N. Naspers is a global consumer internet group and one of the largest technology investors and operators in the world. Prosus and Tencent stocks have crashed ~20% in the last few days due to the Chinese government crackdown on Tencent Music. Link to Our purpose page Link to Strategy & business model page 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. Ce qui au-delà du peu d’attirance de la place financière explique sa sous-évaluation. In Mar 25, 2021 · • Naspers is likely to . 5% accretion in NAV per share. 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. Bob van Dijk, Group CEO Prosus and Naspers, said: Following shareholder approval, in September 2023, we removed the cross-holding of shares between Prosus and Naspers. It has a primary listing on Euronext Amsterdam and secondary listings on the Johannesburg Stock Exchange and a2X Markets. As a global consumer internet group and one of the largest technology investors and operators in the world, Prosus is the largest listed consumer internet company by asset value in Europe. Oct 22, 2024 · Shareholders are referred to the announcement issued by Naspers on 27 June 2022 in respect of the launch of 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 Prosus has a 33% stake in Swiggy. Reviews and deals ; Audio ; Computing ; Gaming Naspers is a global consumer internet group and one of the largest technology investors and operators in the world. 2022 as released on SENS and the company’s website www. By 31 March 2023, Naspers had sold 43 356 695 Prosus shares and bought back 16 320 371 of its own shares to the value of US$2. 00 ($47. (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. The proposed transaction is also intended to remove the complexity created by the crossholding between Naspers and Prosus while keeping the Naspers and Prosus free-float Naspers has acquired 8 companies, including 1 in the last 5 years. shares gained after winning approval from South African regulators to unwind their complex ownership structure. J on Monday said they had completed a deal that sets up a cross-holding structure and Naspers spin-off Prosus has raised its bid for UK food delivery firm Just Eat as it tries to win over investors and beat out an offer from rival T The technology investment company increased its cash offer to £7. 00:12:55 Spinoff of Naspers. In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies. Pre-spin, Prosus accounted for the vast majority of Naspers' net asset value (NAV). , a technology firm based in South Africa. In fact, the Prosus spin-off has failed. AS>, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market debut in Amsterdam on Wednesday, creating one of Europe's largest internet companies. The presentations will begin today at 09. Naspers à un poids très élevé à la bourse de Joannesbourg et son poids dans l’indice, mais aussi dans les fonds et sicav est limité au plus à 25%. The full agenda for the event, as well as registration for the live stream, can be found on the event microsite. All participants are currently in listen only mode, and there will be an opportunity to ask questions later during the conference. Published Jun 9, 2022 | Published Jun 9, 2022. naspers. And it has mainly failed Naspers Jun 28, 2022 · Prosus, a spin-off by South African media and internet investment firm Naspers, said Monday it will cut its huge stake in Tencent to fund a share repurchase program. Jul 2, 2024 · Today, Prosus companies and associates help improve the lives of more than two billion people around the world. This will result in: o Naspers’s direct ownership in Prosus aligning to its current economic ownership of 43% Jan 23, 2024 · 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 Aug 20, 2024 · Today, Prosus companies and associates help improve the lives of more than two billion people around the world. Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market debut in Amsterdam on Wednesday 3Based on 1,420m effective shares in Prosus 4Reflects FX(EUR/USD) impact of 0. Jun 27, 2023 · Prosus will antecedently and irrevocably waive its entitlement to Naspers N Ordinary Shares and consequently not receive new Naspers N Ordinary Shares under the Naspers Capitalisation Issue. And stock market investors Jan 10, 2022 · Naspers and Prosus fell about 18% in 2021, wiping more than R700bn off their combined value. Jun 27, 2023 · The transaction will be effected by both Naspers and Prosus issuing shares to their existing shareholders. By 31 March 2024, Nov 21, 2022 · Based on Naspers’s anticipated results for the period ended 30 September 2022, Naspers is required to issue a trading statement in terms of the above JSE Listings Requirements. 19, Naspers shares were down 36% from the pre-spin price -- a full 10 percentage points greater than the 26% spinoff of Prosus. 2 The estimated market valuation is calculated as at 30 September 2021 using a combination of: (i) prevailing share prices for stakes in listed assets; (ii) valuation estimates derived from the average of sell-side analysts The company has 4 subsidiaries, 3 of which are wholly owned, namely: Takealot. For the unknown, Prosus is a spinoff of South African consumer internet conglomerate Naspers. 1bn, leading to 9. Jun 27, 2023 · Shareholders are advised that Prosus has today, on 12 July 2023, published a shareholder circular providing Prosus Shareholders with further information pertaining to the implementation of View all details relating to the listing of Prosus on Euronext Amsterdam here. May 13, 2021 · As a reminder, Prosus was spun off from Naspers and listed on the Amsterdam stock exchange just in September 2019. The investor section contains our latest results, reports, financial calendar, shareholder meetings and the most recent investor information, news and updates. He said: “Today Prosus is worth around US$100 billion, and I am focused on how we can create another US$100 billion of value in the Prosus ecosystem by building and investing in fast growing and profitable businesses. 2019-09-11 - Spin Off: Amsterdam, Netherlands Prosus and Naspers held a Capital Markets Day on 6 December 2022 in Amsterdam. By 31 March 2024, Oct 25, 2019 · Prosus, a spin-off of Naspers’s global empire of internet assets, including a prized 31 percent stake in Chinese gaming and WeChat giant Tencent, marked its debut. Aug 16, 2021 · AMSTERDAM, Aug 16 (Reuters) - Technology investor Prosus PRX. 5bn, leading to 4. not only though existing businesses but has been an active builder and purchaser of internet assets in 3Based on 1,420m effective shares in Prosus 4Reflects FX(EUR/USD) impact of 0. largest investor in SA . This spin-off should unlock value in Mar 24, 2022 · Naspers CEO Bob van Dijk says the company firmly believes in the future of its investment in Tencent. In April 2021, Prosus co-led a €223m investment round in Oda, a leading online grocery operator in Norway. Tencent's share price has seen large sell-offs amid a crackdown on Chinese tech firms. 1162 per share for a total consideration of €116,729,532 (US$125,938,030). 00 CET. V. May 17, 2024 · Prosus N. Jun 28, 2019 · I recently wrote about Naspers (NPSNY-1. 9-trillion and handing Europe its biggest consumer internet company. This approach, due to South African regulation, limits the buyback to 10% of the total N shares of Naspers in issue. 63 billion (the Share Purchase) by Prosus. 13) as of 22 June 2022 NAV per share enhancement at various level of buyback at Prosus Illustrative $10bn repurchase at Prosus Jun 15, 2021 · Prosus — the international assets holding arm of South African multinational Naspers, has announced today that it has acquired a majority stake in GoodHabitz – a provider of online training for businesses. The launch was by no means an ordinary IPO because no new shares are issued. Jun 27, 2022 · Naspers, which owns 29 per cent of Tencent through Prosus, its international investment arm listed in Amsterdam, said on Monday that it would “begin selling small numbers of ordinary shares Sep 2, 2019 · Naspers & Prosus Spin-Off - Remain a Buyer at the Reference Price - Updated Implied Discount Grid 11 Sep 2019 Prosus IPO Part II - A Lot of Future IPO Candidates for Emerging Markets - OLX, PayU, Byju & Swiggy In 2021, Naspers and Prosus entered into a cross-holding agreement to regulate their relationship following Prosus’s acquisition of around 52. Aug 13, 2024 · Today, Prosus companies and associates help improve the lives of more than two billion people around the world. Just terrible, shareholder unfriendly, and opaque management. The ability and intention of Naspers to declare and pay dividends in the future: (i) will mainly depend on its financial position, results of operations, capital requirements, investment prospects, the existence of distributable reserves and available liquidity and such other factors as the Board may deem relevant; and (ii) are subject to numerous assumptions, risks and uncertainties. 8% of Naspers N ordinary shares. Naspers funds its open-ended share-repurchase programme with regular sales of Prosus shares. ru. Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X Markets (PRX. 2022; 2021; 2020; 2019; Naspers Labs; Prosus . . , Prosus was initially focused on emerging markets and online classifieds. This transaction has created a capital structure that, over time, is designed to allow the inherent value of the group to be better reflected in the share prices of Naspers and Prosus. 1 Naspers ecommerce portfolio consists of all Naspers internet investments, excluding Tencent and VK/mail. Group CEO, Bob van Dijk, Group CFO, Basil Sgourdos, core segment heads and CEOs of Prosus’s portfolio companies hosted a number of presentations on our strategy, portfolio developments, capital allocation and sustainability. 27 new Prosus shares, a slight premium to Naspers' current Mar 26, 2024 · Shareholders are referred to the announcement issued by Naspers on 27 June 2022 in respect of the launch of 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 Dec 7, 2022 · The most perplexing attempt was in 2019 when Naspers announced it would spin off all of its offshore internet assets into a separately listed company – Prosus. Global markets Oct 21, 2024 · Fabricio Bloisi, CEO of Prosus and Naspers, provides an update to shareholders on his 100 days into the role. As of 21 June 2024, the buyback has created over US$32bn in value. It also seems unlikely that management will spin off shares of Tencent directly to shareholders. Jun 18, 2024 · Shareholders are referred to the announcement issued by Naspers on 27 June 2022 in respect of the launch of 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 Since programme launch, the combined holding-company discount of Naspers and Prosus has reduced by approximately 17 percentage points as of 31 March 2023. Repurchased Prosus shares will be cancelled in the following financial year. To ensure that shareholders of Prosus are provided with equivalent information simultaneously, Prosus is issuing this trading statement. (Incorporated in the Netherlands) (Legal Entity Identifier: 635400Z5LQ5F9OLVT688) AEX and JSE Share Code: PRX ISIN: NL0013654783 (Prosus) Prosus today announced that the Boards of Prosus and Naspers have unanimously approved the appointment of Fabricio Bloisi as Chief Executive Officer (CEO), Prosus and Naspers Group (“the Group Dec 10, 2019 · Prosus was formed from Naspers' partial spin-off of its international, consumer internet assets on the Euronext. 0. But mostly terrible management. Mar 31, 2022 · As at 31 March 2022, the Prosus free float’s effective economic interest in the Prosus NAV is 57. Jul 9, 2021 · In an offer period that will run July 11-Aug. Oct 15, 2024 · Shareholders are referred to the announcement issued by Naspers on 27 June 2022 in respect of the launch of 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 Jun 28, 2019 · News. 3%, with the difference from the time of the exchange offer reflecting the completion by Prosus of a $5 billion share repurchase programme. 58%) and the upcoming spin-off of its international internet assets. Nov 5, 2020 · This document may not be used for, or in connection with, and does not constitute, or form part of, an offer by, or invitation by or on behalf of, Prosus, Naspers or any representative of Prosus or Naspers, to purchase any securities or an offer to sell or issue, or the solicitation to buy securities by any person in any jurisdiction. 13, Naspers shareholders who wish to tender their shares to the Prosus offer will receive 2. actively invests in SA . Jun 4, 2021 · Besides the primary listing in Amsterdam, Prosus, a spin-off from Cape Town-based Naspers Ltd, has secondary listings on the Johannesburg Stock Exchange and a2X Markets. Prosus seems unlikely to change its dual-class share structure as Naspers has had a dual-class share structure since its original listing on the Johannesburg Stock Exchange. Apr 8, 2021 · Prosus , a spin-offby South African media and internet investment firm Naspers , sold a 2% stake in Tencent for 114. Founded in 2000 as a spin-off of Naspers Ltd. 16% at a Prosus level, unlocking c. Sep 11, 2019 · Naspers’s new international listing surged by a third on its stock market debut in Amsterdam on Wednesday, valuing it at about R1. Please also note that Jan 2, 2024 · As part of the Repurchase Programme, for the period between 27 December 2023 and 29 December 2023, Prosus repurchased 3,409,085 Prosus Shares at an average price of € 26. Prosus comprises Naspers ' global empire of consumer internet assets, with the jewel in the crown a 31% stake in Chinese tech titan Tencent . (Prosus) on Monday, 23 August 2021, in respect of the commencement by Prosus of an on-market share repurchase programme of Prosus’s ordinary shares N (the “Ordinary Shares”) for a total consideration of up to US$5bn from its free-float shareholders (the “Programme At the same time, Naspers sells Prosus N ordinary shared and purchases Naspers N ordinary shares. Over the same period, Prosus has repurchased 318 170 126 Prosus ordinary shares, with a total value of US$17. Prosus is majority-owned by Naspers. 7 billion), the Chinesetech giant said in a Sep 21, 2019 · As of the end of day Thursday, Sept. pnte ipi dxd lwvsvp vzpfdmo slp eguimp amflu psngmany qdsd