Prosus continues share repurchase, spends $212 million

AMSTERDAM - Prosus (OTC:PROSF) NV (AEX:PRX), a global technology company, has announced the continuation of its share repurchase program, having bought back 4,702,272 of its own shares at an average price of €39.6956 each, totaling approximately $212 million. This recent transaction, part of an open-ended program initially disclosed on June 27, 2022, occurred between April 21 and April 25, 2025.

The repurchase program involves Prosus Shares and Naspers Shares, the latter being part of the Naspers Group, which Prosus is associated with. The total consideration for the shares repurchased during the mentioned period amounts to €186,659,655.90.

Prosus, which has a portfolio of investments in over 100 companies, is focused on building local e-commerce champions in growth markets. The firm has a significant presence in sectors such as food delivery, classifieds, and fintech. Additionally, through its Prosus Ventures team, the company invests in technology growth opportunities within various domains, including AI, social and e-commerce platforms, fintech, B2B software, and more.

The repurchase program aligns with the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, which establish the regulatory technical standards for buy-back programs and stabilization measures.

Prosus’s activities in the stock repurchase are part of a strategic effort to manage capital allocation effectively. The company has stated that the repurchase program is conducted with full adherence to the regulatory framework designed to prevent market abuse.

This announcement is based on a press release statement and does not constitute an offer or solicitation for securities in any jurisdiction. Prosus has not provided any forward-looking statements or projections regarding the potential impact of the share repurchase on its market performance or financial health. The company’s focus on regulatory compliance and its ongoing investment in technology ventures remain central to its corporate strategy.

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