Prosus completes share buyback worth $250.7 million

AMSTERDAM - Prosus (OTC:PROSF) NV, the global technology group, has recently concluded a significant share repurchase, buying back 5,875,465 of its own shares at an average price of €41,0041 each, amounting to a total expenditure of approximately $250.7 million. This transaction is part of an ongoing repurchase program that was initially announced on June 27, 2022.

The repurchase took place over the course of five days, from Monday, February 10, 2025, to Friday, February 14, 2025. The shares acquired through this program are ordinary shares N in the capital of Prosus and N ordinary shares in the capital of Naspers, both of which are part of the same group.

Prosus’s repurchase program operates under the regulatory framework established by the European Union, specifically the Market Abuse Regulation and its supplementary Delegated Regulation. These regulations set forth the conditions applicable to buy-back programs and stabilization measures, ensuring transparency and compliance with legal requirements.

The company has a diverse investment portfolio with a focus on building local ecommerce champions in growth markets. Prosus is known for its positions in sectors such as food delivery, classifieds, and fintech, and it actively seeks to invest in new technology growth opportunities across a variety of industries.

The announcement of the repurchase was made in accordance with the disclosure and reporting obligations stipulated by the regulatory technical standards, and the information provided is based on the latest available data as of the date of the announcement.

This repurchase program is part of Prosus’s broader strategy to manage its capital effectively and to provide value to its shareholders. Prosus did not offer any forward-looking statements or predictions in its announcement, remaining compliant with the legal requirements for such financial communications.

Investors and the market have been informed of this update through an official statement based on a press release issued by Prosus.

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