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AMSTERDAM - Prosus (OTC:PROSF) N.V. (AEX and JSE:PRX) announced Thursday that shareholders approved all resolutions presented at its annual general meeting held on Wednesday.
The meeting saw strong participation with 89.88% of the total issued share capital represented. All proposed resolutions received majority approval, including the appointment of executive directors Phuthi Mahaneyele-Dabengwa and Nico Marais, as well as the reappointment of several non-executive directors.
Shareholders approved a distribution of 20 euro cents per ordinary share N. Those holding shares in South Africa via Strate will receive 412.4360 Rand cents per share, based on an EUR/ZAR exchange rate of 20.6218 as of August 20.
The company reported 13% growth in group revenue to $6.2 billion for the 2025 financial year, with its Ecommerce segment achieving 21% consolidated revenue growth in local currency, excluding mergers and acquisitions.
During the past year, Prosus invested $7.8 billion in acquisitions, primarily for Despegar (NYSE:DESP) in Latin America and Just Eat Takeaway in Europe. The company maintains a strong balance sheet with $2.6 billion in net cash.
Prosus also noted progress in reducing the discount to net asset value at which its shares trade through its ongoing share repurchase program. Since mid-2022, this initiative has increased net asset value per share by 11%, reduced free-float share count by over 27%, and generated $35 billion in shareholder value, according to the company’s statement.
The technology investment firm reaffirmed its commitment to building leading consumer internet companies focused on online classifieds, food delivery, payments, and financial technology, with a strategic emphasis on markets in Latin America, India, and Europe.
The information was provided in a press release following the company’s annual general meeting.
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