- Naspers repurchases 364,626 Naspers Shares in ongoing program for ZAR 1.1 billion (US$59.9 million).
- Repurchase program covers Prosus and Naspers ordinary shares.
- The program complies with the Market Abuse Regulation and includes voluntary updates to Naspers shareholders.
Naspers Limited has provided an update on its repurchase program, revealing the acquisition of Naspers Shares worth ZAR 1.1 billion (US$59.9 million). The repurchase program encompasses ordinary shares in both Prosus and Naspers, two entities within the Naspers Group.
In compliance with regulatory obligations, Naspers has been releasing weekly updates on the repurchased Prosus ordinary shares. However, the company has decided to extend voluntary updates to Naspers shareholders regarding the Naspers N ordinary shares it has acquired.
During the period between June 5, 2023, and June 9, 2023, Naspers purchased a total of 364,626 Naspers Shares at an average price of ZAR 3,134.6898 per share. The total consideration for these shares amounted to an impressive ZAR 1,142,989,420 (US$59,900,763).
The repurchase program is being conducted in accordance with the Market Abuse Regulation of the European Parliament and the Council of the European Union. By providing this update, Naspers fulfills its disclosure and reporting obligation as outlined in the Delegated Regulation.