Naspers Repurchases Over 270,000 Shares Amidst Ongoing Programme

Naspers Limited (JSE: NPN) has recently disclosed the latest developments in its ongoing share repurchase program. The company, in a bid to enhance shareholder value, has been actively repurchasing its own shares in the market.

Repurchase Program Update

During the period between February 12, 2024, and February 16, 2024, Naspers acquired a total of 272,075 of its own ordinary shares, as per the latest update provided by the company. These shares were purchased at an average price of ZAR3,357.2208 per share, amounting to a total consideration of ZAR913,415,842 (approximately US$48,102,175).

Naspers Share Repurchase Summary

Here’s a summary of the recent repurchase activity:

Conclusion

As Naspers continues to execute its share repurchase program, shareholders remain poised to benefit from the company’s strategic efforts to enhance value. The recent acquisition of over 270,000 shares underscores Naspers’ confidence in its business prospects and its dedication to delivering sustainable returns to its shareholders.