- Naspers prosus spin off ratio. Other meaningful investments are Mail.
Naspers still owns 70% of 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. J> global empire of consumer internet assets, including the stake in Tencent <0700. 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. Jul 8, 2021 · Item 1 of 3 Bob van Dijk, CEO of Naspers and Prosus Group poses at Amsterdam's stock exchange, as Prosus begins trading on the Euronext stock exchange in Amsterdam, Netherlands, September 11, 2019. Takeaway CEO Jitse Groen, who will lead the new company, was publicly irritated by the Prosus challenge. 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. Jun 27, 2022 · Naspers was however up over 11% in early Monday trading, while Prosus rose over 22% before levelling off at nearly 12%. Aug 23, 2019 · Naspers has recieved almost unanimous approval from shareholders to list its international internet assets on the Euronext in Amsterdam as Prosus. In 2021, the group implemented a cross-holding structure that was aimed at reducing the weighting of Naspers on the JSE, allowing shareholders to swap their Naspers shares for those in Prosus. 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. May 17, 2024 · Prosus shares were down 2. The previous year’s earnings per share have been restated to reflect the capitalisation issue and removal of the cross holding and gives a like-for-like comparison to the financial year 2024 earnings per share. Prosus comprises Naspers ' global empire of consumer internet assets, with the jewel in the crown a 31% stake in Chinese tech titan Tencent . Aug 16, 2021 · Naspers listed Prosus for the same reason in 2019, but underlying assets continued to grow in value. (Prosus) on 27 June 2023 (the Transaction Announcement) regarding Naspers's and Prosus's intention to implement a proposed transaction in terms of which the cross-holding structure between Naspers and Prosus will be removed (the The investor section contains our latest results, reports, financial calendar, shareholder meetings and the most recent investor information, news and updates. 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 May 17, 2024 · JOHANNESBURG (Reuters) -Dutch technology investor Prosus and its South African parent group Naspers on Friday named the head of their iFood business, Fabricio Bloisi, as their new CEO, replacing 5 days ago · A high-level overview of Prosus N. We were approached to be involved in a process that led to a letter that was ultimately signed by 36 South African asset managers and delivered to the Naspers board. 39%), the European technology holding company spun out of South African media giant Naspers (NPSNY 0. Naspers has sold 145 692 459 Prosus N shares since June 2022, when the programme commenced. Oct 13, 2022 · There is no perfect Naspers/Prosus ratio which can inform your decision to switch: Thanks to the buyback program, it has become a moving target and will likely grow as long as repurchases continue 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 · Prosus, the new technology-focused spin off from Naspers, saw its shares soar 32pc in early trading on Wednesday after it listed on Euronext, a European stock exchange. Ervin Tu, Interim Group CEO, Prosus and Naspers, Jul 9, 2021 · Under the deal, announced on May 11, Prosus -- which has a 28. 5B: Jul 30, 2021 · 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. Naspers and Prosus announced a proposal to remove the much-hated cross-holding structure. It might indicate that the global stock market is reasonably priced. Naspers fell to R3 400 after its recent strong run Aug 26, 2019 · 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. 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. is a holding company in the service of the global Internet consumer group. 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. The programme will continue for as long as the discount to Apr 9, 2021 · One of the more intriguing international stocks is Prosus (PROSY-0. These assets mainly include a massive 31% stake in Chinese internet giant Tencent Jun 2, 2021 · Prosus & Naspers acquires Stack Overflow on 2021-06-02 for $1800000000. 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. Manish Singh. com, and 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. The vote was held during an extraordinary general meeting in Cape Town on Friday where 95. Jefferies analysts said Bloisi's skills as an owner-operator were unlikely to be fully used at the helm of Prosus given investments in both public and private companies have their own operators. Just terrible, shareholder unfriendly, and opaque management. Sep 17, 2023 · Prosus, Naspers CEO Bob van Dijk abruptly steps down. Aug 8, 2024 · The Naspers and Prosus boards announce that after 29 years of exemplary leadership and service, Basil Sgourdos will retire from his position as Group Chief Financial Officer and financial director of both companies effective 30 November 2024. The technology investment company increased its cash offer to £7. 57% of the issued Prosus Ordinary Shares N, and Naspers will directly hold c. In 2021, Naspers and Prosus entered into a cross-holding agreement to regulate their relationship following Prosus’s acquisition of around 52. Naspers has tried to narrow the discount for a long time - including the Prosus spin - and nothing has seemed to work. Sep 11, 2019 · Naspers retains a 73% stake in Prosus, it said. Jun 27, 2023 · The transaction will be effected by both Naspers and Prosus issuing shares to their existing shareholders. 10:34 PM PDT • September 17, 2023. 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. Aug 25, 2023 · Similarly, in respect of the Naspers A Share Capitalisation Issue, the final number of Naspers A Ordinary Shares to be received by Naspers A Shareholders will be in accordance with the Entitlement Ratio after taking into account the Naspers Share Consolidation. 27 Prosus shares for every 1 Naspers share – the ratio has been calculated to ensure that the expected benefits of the transaction will accrue equitably between Prosus and Naspers. Jul 26, 2023 · Prosus shareholders (Prosus Shareholders) are referred to the joint announcement published by Prosus and Naspers Limited (Naspers) on 27 June 2023 (the Transaction Announcement) regarding Naspers's and Prosus's intention to implement a proposed transaction in terms of which the cross-holding structure between Naspers and Prosus will be removed In June 2022, we launched an open-ended share repurchase programme of Naspers and Prosus shares. . Sep 3, 2020 · A year ago Naspers listed Prosus, a vehicle for its online bets, in Amsterdam. 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 Summary. 17% at 0804 GMT, while Naspers' were down 1. 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. As outlined in the Declaration Announcement, the Naspers Share Consolidation will be implemented contemporaneously with, but immediately after, the Naspers Capitalisation Issue, in terms of which the number of Naspers A Ordinary Shares and Naspers N Ordinary Shares (authorised and in issue) that will be issued to Shareholders in accordance with Oct 15, 2019 · This spin-off should unlock value in Naspers itself. com. ru, Ctrip. But mostly terrible management. 30 October 2023, Amsterdam – Naspers and Prosus have announced that the Science Based Targets initiative (SBTi) has validated the Group’s science-based climate targets. today, 12 July 2021, shareholders are advised that:. Nov 23, 2020 · Shareholders are referred to the announcement issued by Naspers’s subsidiary Prosus N. 5427717 new Prosus Ordinary Shares B for each Prosus Ordinary Share B held on the Transaction Record Date pursuant to the Prosus Articles of Association in order to maintain Naspers’ voting control in May 12, 2021 · AMSTERDAM (Reuters) -Dutch-listed technology investor Prosus NV plans to raise its stake in South African parent Naspers to nearly 50% in a share swap deal that will move part of their huge Jan 20, 2023 · Asset managers have had a good run so far this year. T Vision Fund, 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. 6% on deal The global stock market's CAPE ratio (Shiller PE) is currently 21, which is close to its historical average. Prosus improves everyday life for billions of people through technology. It will be a US$100bn+ Aug 19, 2022 · 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. May 17, 2024 · Dutch technology investor Prosus and its South African parent group Naspers on Friday named the head of their iFood business, Fabricio Bloisi, as their new CEO, replacing long-time boss Bob van Sep 21, 2019 · As of the end of day Thursday, Sept. Jun 4, 2024 · Summary. At the same time, Naspers sells Prosus N ordinary shared and purchases Naspers N ordinary shares. (AEX: PRX) 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”). 27443 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 of 30 September 2023, the buyback has created over US$25bn in value. Prosus, sometimes compared with Softbank's 9984. It achieved a 7 % NAV accretion per share for Prosus, 8% for Naspers, while 17% of Prosus free float and 14% of Naspers free float has been repurchased. Jun 27, 2023 · Naspers is valued at about R1. Jan 10, 2020 · Prosus, a spin-off from South African media giant Naspers, swooped in with a hostile cash offer in October, sparking the bidding war. 4-billion), Prosus said in a statement on Monday. Oct 30, 2023 · 30 October 2023, Amsterdam – Naspers and Prosus have announced that the Science Based Targets initiative (SBTi) has validated the Group’s science-based climate targets. It has built a portfolio of ecommerce assets with Jul 12, 2023 · Shares A to Prosus A Shareholders and (iii) new Prosus Ordinary Shares B to Naspers, each in accordance with the terms of the Prosus Capitalisation Issue; • the proposed sale into the market by Prosus of the remaining small number of Naspers N Ordinary Shares that it will May 17, 2024 · Prosus N. Pre-spin, Prosus accounted for the vast majority of Naspers' net asset value (NAV). (AEX: PRX) today announced that the Boards of Prosus and Naspers (JSE:NPN) have unanimously approved the appointment of Fabricio Bloisi as Chief Executive Officer (CEO), Prosus and 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. 43% of the issued Prosus Ordinary Shares N (both aligned with the existing respective effective economic interests). May 17, 2024 · Dutch technology investor Prosus and its South African parent group Naspers on Friday named the head of their iFood business, Fabricio Bloisi, as their new CEO, replacing long-time boss Bob van View all details relating to the listing of Prosus on Euronext Amsterdam here. 37%. 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). Jun 28, 2023 · Summary. 63 billion (the Share Purchase) by Prosus. Après le spin-off de Prosus, Naspers compte encore pour 14% de l'indice sud-africain. Jun 17, 2021 · The proposed exchange ratio is more favourable to Prosus shareholders than to Naspers shareholders. 51% of N ordinary shareholders voted in favor of the spin-off. Prosus comprises South African group Naspers' global empire of consumer internet assets, including the stake in Tencent, the world's biggest video Apr 8, 2021 · Prosus , a spin-off by South African media and internet investment firm Naspers , sold a 2% stake in Tencent for 114. Naspers' performance is determined by Prosus whose performance is determined by Tencent. naspers. Number of shares owned by Naspers is decreasing due to the open-ended share repurchase programme funded by regular sales of Prosus N shares. 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). 4% of Naspers' shares, issuing new Prosus shares to 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 May 17, 2024 · The new group CEO’s appointment follows the abrupt exit of Bob van Dijk, in September last year. 5% of Naspers N shares via a share exchange at a ratio of 2. In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies. 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) per share. 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. The main asset is a 31% stake in Tencent. Health. In June 2022, we launched an open-ended share repurchase programme of Prosus and Naspers shares. 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 Jan 16, 2024 · As part of the Repurchase Programme, for the period between 8 January 2024 and 12 January 2024, Prosus repurchased 3,864,408 Prosus Shares at an average price of € 26. There is "way more demand than is even available, so that’s good," said the CEO of Euronext Oct 30, 2020 · Basil Sgourdos, Chief Financial Officer of Prosus and Naspers, said: “Over the years, our group has achieved improved financial flexibility. co. Other meaningful investments are Mail. 23%) and the upcoming spin-off of its international internet assets. Naspers spun off its book publishing operations in 1950 into a separate business, Nasionale Boekhandel. Prosus has made an announcement regarding the successful implementation of the Capital Restructure, and setting out the results of the Exchange Offer; and; following the implementation of the Capital Restructure, Prosus remains majority-owned by Naspers, and in particular Naspers holds: The successful removal of the cross-holding between Naspers and Prosus, was concluded in September 2023. The removal of the cross-holding does not have an impact on the Naspers weighted average number of shares because the shares held by Prosus were treated as treasury shares and excluded from the average number of shares. Feb 22, 2021 · Prosus (OTCPK:PROSY) (OTCPK:PROSF) is an asset manager spun off from Naspers (OTCPK:NPSNY) in 2019 and listed on the Amsterdam Stock Exchange (as well as OTC in the USA). com On Monday 24 June, at 16:00 South African time (10:00 US Eastern time, 15:00 UK time and 16:00 Central European time) management will host a joint live conference call and webcast to present these results and the results of Prosus NV. (NPN), including the stock price, historical share price performance charts, annual reports, market cap, consensus Sep 16, 2019 · The spinoff of Prosus emerges out of a longstanding desire of South Africa's Naspers (OTCPK:NAPRF) to close the valuation gap between Naspers and the size of its large investment in Tencent (OTCPK Jun 11, 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 The current repurchase programme at a Prosus level will be funded by an orderly, on-market sale of Tencent shares held by the group, while repurchases at a Naspers level, will be funded by the sale of Prosus shares, subject to the requisite approval being obtained from the South African Reserve Bank. Subsequently, Prosus sold all of these remaining 43,510 Naspers N Ordinary Shares in the market today, Monday, 18 September 2023. The successful removal of the cross-holding between Naspers and Prosus, was concluded in September 2023. Prosus comprises 1,741,029,828 Prosus Ordinary Shares B, with minimal economic value, will be issued to Naspers in accordance with the entitlement ratio of 1. 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. a pre-Prosus spin-off discount of 42%, so things are slowly going in the right direction Apr 5, 2021 · The company listed its $100 billion international assets spin-off Prosus on the Euronext exchange in Amsterdam in 2019, making it one of the largest internet companies in Europe. Get the latest financial information on the JSE listed company Naspers Ltd. This is a major milestone in our commitment to decarbonise our business while we support a just and fair transition to a low-carbon economy aligned with the Paris Agreement 2 days ago · Prosus N. Jun 28, 2019 · Life. To put the proposed sale into perspective, Prosus will raise over R200bn from the 2% sale of Tencent, which is being sold to investment banks Citigroup, Goldman Sachs and Morgan Stanley at a discount to Tencent’s share price. (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 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%. Uitgaande van de gemiddelde koers van Naspers over de laatste 30 dagen voorafgaand aan de vergadering van 26 augustus van 47,28 dollar en we rekenen dat om in euro’s, dan komen we op 42,35 euro. Oct 30, 2023 · 30 October 2023, Amsterdam - Naspers and Prosus have announced that the Science Based Targets initiative (SBTi) has validated the Group's science-based climate targets. 5% in the first two weeks of 2023 – very close to many funds’ benchmark of inflation plus 3%. (PROSF) stock. This is a major milestone in our commitment to decarbonise our business while we support a just and fair transition to a low-carbon economy aligned with the Paris Agreement Prosus (PROSUS NA) will begin trading on Euronext Amsterdam on 11th Sep 2019 after being spun out of Naspers (NPN SJ). Net sales (including intragroup) by activity break down as follows: - operation of e-commerce platforms (40. He had served as chief executive of Naspers from 2014 and of Prosus since its listing in 2019. 40/share, valuing Just Eat at about £5. Jun 23, 2022 · Naspers said in its trading statement that headline earnings per share (eps) will decrease by between 39% and 46% in the year to end-March 2022 compared to the previous financial year, while 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 12, 2021 · Prosus has published its prospectus (the Prospectus) in relation to the exchange offer made by Prosus to the holders (Naspers N Shareholders) of the N ordinary shares in the issued share capital of Naspers (Naspers N Ordinary Shares), in terms of which, through a pro rata voluntary tender offer to the Naspers N Shareholders, the Naspers N Naspers entered the South African general and educational book publishing markets in 1918, initially publishing exclusively in Afrikaans. HK May 17, 2024 · The Netherlands, Amsterdam, 17 May 2024: Prosus N. Prosus comprises Naspers' global empire Prosus has traded at a discount since inception/spin off and then before that Naspers traded at a discount for years. An overview of our latest financials, annual reports, Capital Markets Day and regulatory news, as well as our financial calendar and the results, reports & events archive. 9124 per share for a total consideration of € 104,000,540 (US$ 113,910,574). Prosus comprises Naspers' global empire of consumer internet assets, with the jewel in the crown a 31% stake in Chinese tech titan Tencent. Jul 12, 2023 · On 27 June 2023, the board of directors of Naspers Limited (Naspers) and the Prosus Board announced that Naspers and Prosus (together with their consolidated subsidiaries, the Group) intend to implement a proposed transaction in terms of which the cross-holding structure between Naspers and Prosus will be removed (the Proposed Transaction). Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. 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. Jan 28, 2020 · That said, the consolidated discount of Naspers and Prosus (“double discount”) remains wide, however, at ~45%, even wider than Naspers’s discount at the time of the Prosus spin-off 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 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. 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. 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. 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 · Amsterdam listing. Dec 10, 2019 · Prosus was formed from Naspers' partial spin-off of its international, consumer internet assets on the Euronext. 4%; eMAG); - management of online food ordering and delivery platforms (22. . the firm also called off a high-profile $4. 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 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. This is a major milestone in our commitment to decarbonise our business while we support a just and fair transition to a low-carbon economy aligned with the Paris Agreement to limit global warming to 1. Historically, after CAPE ratio >31, the S&P500 10-year average annual return has been 2. Naspers and Prosus will waive their rights to participate in the respective capitalisation issue of new Prosus or Naspers shares. While the transaction is quite complex, its outcome is actually a real simplification. (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. Engagement over the deal. The S&P500's CAPE ratio is 31. The 2022 plan is to sell some of the Tencent investment and use the same proceeds to buy back discounted Naspers or Prosus As a result of the implementation of the Prosus Capitalisation Issue, the Naspers Capitalisation Issue and the Naspers Share Consolidation, Prosus’ shareholding in Naspers was diluted to a minimal level. 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 Jul 12, 2023 · Prosus and Naspers have no duty to, and do not intend to, update, or revise the forward-looking statements contained in this announcement or any other information herein, except as may be required May 13, 2021 · Naspers shareholders will have the opportunity to switch part of their holdings (approximately 50%, if close to all shareholders participate) to Prosus shares, for an exchange ratio of 2. The JSE Top 40 increased by 9. 7 billion acquisition of payments giant Jun 3, 2024 · Additional information will be available on the Naspers website at www. 9% , Prosus up 1. 5 trillion. The group said that like other tech companies it faced significant macroeconomic and geopolitical headwinds, leading to highly volatile capital markets in the latter part of the financial year. Founded in 1915 as Die Nasionale Pers (The National Press), Naspers initially published newspapers in Afrikaans, the language spoken by the Mar 31, 2024 · The successful removal of the cross-holding between Naspers and Prosus was concluded in September 2023. Sep 11, 2019 · Naspers estimates that demand from passive investors for shares in Prosus could total as much as $3 billion, following the stock’s inclusion in a number of large global indexes. 7 billion), the Chinese tech giant said in a Jul 12, 2021 · Naspers Limited: Further to the announcement released by Prosus N. Shareholders are referred to the announcement published by Prosus N. Aug 4, 2019 · Doordat een oud aandeel Naspers goed is voor 0,36986 nieuw aandeel Naspers + één heel aandeel Prosus kunnen we het volgende rekensommetje maken. Ce qui au-delà du peu d’attirance de la place financière explique sa sous-évaluation. The company expanded to English-language titles in 1919 and Xhosa in 1922. This will result in: o Naspers’s direct ownership in Prosus aligning to its current economic ownership of 43% Aug 26, 2020 · Prosus is a Dutch holding company that was spun off from the South African Naspers a year ago. Jul 12, 2023 · Naspers shareholders (Shareholders) are referred to the joint announcement published by Naspers and Prosus N. 4%; Delivery Hero, Swiggy and iFood); - management of mobile and electronic payment platforms (20. Jun 28, 2019 · I recently wrote about Naspers (NPSNY 0. 33% resulting from the too-large size of Naspers on the JSE, which we believe has inhibited Naspers’s market valuation. Prosus comprises South African group Naspers' <NPNJn. • The exchange ratio is equitable, sharing the value created by the transaction according to the current underlying ownership of the Prosus NAV, which is 72. 54%) in 2019. 2%; PayU); - management of 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 May 26, 2021 · A Swiss-based research and investment management firm, Alternative Investment Management & Research (AIM&R), says the proposed share swap between Naspers and Prosus is an “idiotic idea” that May 12, 2021 · South Africa’s Naspers has launched a share swap deal with Prosus, its Dutch-listed investment unit, in a move that will reduce the impact of its 29 per cent holding in China’s Tencent on Nov 29, 2023 · Removal of cross-holding agreement between Prosus and Naspers completed in September 2023, to simplify the Group’s structure. Why? The discount currently trades at 40% vs. Find the latest Naspers Limited (NPSNY) stock quote, history, news and other vital information to help you with your stock trading and investing. Sep 11, 2019 · Shares in Prosus <PRX. Jun 27, 2023 · Post-implementation of the Proposed Transaction the Prosus Free-Float Shareholders will, in aggregate, directly hold c. 5% Naspers and 27. 3 trillion on the JSE, while Amsterdam-listed Prosus, with a secondary listing on the JSE, is valued at about R2. Prosus stock price has an extremely high correlation to Tencent. Silicon Canals — Naspers spin-off Prosus to acquire Stack Overflow for €1. Apr 8, 2021 · Prosus , a spin-off by South African media and internet investment firm Naspers , sold a 2% stake in Tencent for 114. 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. 5% Prosus. By dint of owning 31% of Tencent, worth about $208bn, as well as other investments made since, Prosus is the EU ’s Sep 11, 2019 · Shares in Prosus <PRX. 9% stake in Chinese internet giant Tencent -- will launch an offer to buy up to 45. 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, creating one of Europe's largest internet companies. Tencent has recovered from intense negative sentiment in 2023 and early 2024, revaluing Naspers In 2021, Naspers and Prosus entered into a cross-holding agreement to regulate their relationship following Prosus’s acquisition of around 52. Prosus has published its prospectus in relation to the exchange offer made Bloisi was named last week as CEO of Naspers, which is listed in Johannesburg, and its European-listed spin-off Prosus, which is based in Amsterdam. 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. 2 billion Hong Kong dollars ($14. The appointment is effective as of 1 July 2024. COVID-19 ; Fall allergies ; Health news ; Mental health ; Relax ; Sexual health 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 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”). HK May 14, 2021 · Prosus is offering to acquire 45. Best known for May 17, 2024 · Dutch technology investor Prosus and its South African parent group Naspers on Friday named the head of their iFood business, Fabricio Bloisi, as their new CEO, replacing long-time boss Bob van 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 Jun 27, 2023 · Naspers and Prosus exchanged stock in 2021 to tackle another factor in the discount, Naspers’ outsized weighting on South Africa’s stock market that was forcing fund managers to sell its shares. 7 billion), the Chinese tech giant said in a May 12, 2021 · Naspers weighting in JSE all share index seen falling to 14%; Prosus will be among Europe's top 20 companies by market cap; Shares in Naspers up 2. 19, Naspers shares were down 36% from the pre-spin price -- a full 10 percentage points greater than the 26% spinoff of Prosus. In 1963, Naspers recommenced Dec 9, 2019 · 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 Takeaway. Following shareholder approval, in September 2023, we removed the cross-holding of shares between Prosus and Naspers. Prosus will now… The Netherlands, Amsterdam, 17 May 2024: Prosus N. V. 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 Apr 7, 2021 · Naspers spin-off Prosus has announced its intention to reduce its stake in Tencent by 2%, selling over 190 million shares in the process. 1-billion (R98. In South Africa, Naspers is one of the Jun 24, 2024 · Prosus has a strong balance sheet and is well positioned to generate improved returns through smart and disciplined capital allocation, driving value for all stakeholders. The deal was completed for approx €212M. On 17 May 2024, the Board announced the appointment of Fabricio Bloisi, former iFood CEO, as Prosus and Naspers Group CEO, effective from 1 July 2024. qcmzcw azbnn fceqxg ybpxa iaoe gpsbz hysd lkuepnvj ygybuy ylkxyrh