Prosus N.V., a global consumer internet group and one of the largest technology investors in the world, has announced a significant update to its ongoing repurchase programme. The programme, which involves the repurchase of ordinary shares in its capital as well as shares in the share capital of Naspers, saw a substantial volume of shares repurchased over a four-day period.
Repurchase Programme Details
According to the latest update, between January 29, 2024, and February 2, 2024, Prosus repurchased a total of 5,769,435 Prosus Shares. These shares were acquired at an average price of €27.8839 per share, amounting to a total consideration of €160,874,483 (equivalent to approximately US$174,178,718).
Conclusion
Prosus N.V.’s update on its repurchase programme underscores the company’s commitment to enhancing shareholder value and optimizing its capital structure. With billions of customers using the products and services of companies within its portfolio, Prosus remains a significant player in the global consumer internet sector.
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