Naspers Repurchases 254,193 Shares, Spends ZAR 948 Million

  • Naspers repurchased 254,193 shares between June 17-21, 2024, averaging ZAR 3,730.6317 per share.
  • Total expenditure amounted to ZAR 948.3 million (USD 52.6 million).
  • The repurchase program complies with EU market abuse regulations and includes weekly updates.

Naspers Limited has announced an update on its ongoing share repurchase programme. The programme involves the repurchase of both Naspers and Prosus shares. Naspers has provided detailed figures for the latest period of repurchases.

Recent Repurchases

Between June 17, 2024, and June 21, 2024, Naspers purchased 254,193 of its own shares. The average price paid per share was ZAR 3,730.6317. The total consideration for this purchase was ZAR 948,300,469, equivalent to approximately USD 52,569,187.

Conclusion

Naspers remains committed to its repurchase programme, aiming to enhance shareholder value. The company continues to focus on its strategic investments in the technology and internet sectors. With a robust presence in South Africa and significant global investments, Naspers is well-positioned for future growth.


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