Naspers Limited, a leading technology investor and global consumer internet company, has provided an update on its ongoing repurchase program. The program, launched in June 2022, involves the repurchase of ordinary shares in both Prosus and Naspers from their respective free-float shareholders.
Voluntary Updates While regulatory obligations mandate weekly updates on the repurchase of Prosus shares, Naspers has taken the voluntary initiative to also provide updates on the repurchase of its own shares. This move underscores the company’s commitment to transparency and keeping shareholders informed.
Recent Repurchase Activity In the period between 19 February 2024 and 23 February 2024, Naspers repurchased 237,724 Naspers Shares. The average price per share stood at ZAR3,283.1234, resulting in a total consideration of ZAR780,477,228, which is approximately US$40,967,739.
The following table summarizes the recent repurchase activity:
| Date | Number of Shares Repurchased | Average Price per Share (ZAR) | Total Consideration (ZAR) | Total Consideration (USD) |
|---|---|---|---|---|
| 19-23 Feb 2024 | 237,724 | 3,283.1234 | 780,477,228 | 40,967,739 |
Future Outlook As Naspers continues to execute its strategic initiatives and invest in high-potential markets, shareholders can expect the company to remain focused on driving sustainable growth and maximizing shareholder returns.
