They will appreciate the extra time to mull over a tough decision. But in truth many South African shareholders will be grateful for the unscheduled delay of three months in the listing date. Results of the sale by Naspers Limited of 22 million N Ordinary Shares of Prosus N.V. through an accelerated bookbuild offering to institutional investors. Naspers Limited launches the sale of c. 22 million N Ordinary Shares of Prosus N.V. through an accelerated bookbuild offering to institutional investors. Naspers’s newly created subsidiary Prosus which will house the group’s global internet assets including its 31% stake in Tencent, had a bumpy birth. back to news overview Results of sale by Naspers of Prosus shares Announcements, 22 January 2020 Results of the sale by Naspers Limited of 22 million N Ordinary Shares of Prosus N.V. through an accelerated bookbuild offering to institutional investors. The date of the capitalisation issue and implementation of the Naspers N shares and the Prosus N shares was 16 September 2019. We may not share the views of the author.Newsroom articles are published by leading news agencies.There are no documents available for this stock. Dividend information for this stock is not available.The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. On the Capital Restructure Date, Naspers will hold its media assets (primarily, Media24 Holdings Proprietary Limited) and certain ecommerce assets in South Africa (primarily, Takealot, Mr D Food and Property24), treasury shares in Naspers that are held for the purposes of certain Naspers Group share schemes, the investments made by Naspers Foundry, a technology start-up initiative, and between 73% and 83% of the Prosus … The latest Prosus NV EUR0.05 share price. Naspers’s weight in the JSE All Share Index (Alsi) has increased in 2013, from 5% to 20% at present – which led to forced selling by investors (because of the limitations on the amount of exposure they are allowed to on any single company).“Say you owned 1 000 Naspers shares at the close of Tuesday:The driving force behind this decision is the rather high discount rate of 40% at which the Naspers shares are trading, which management wishes to decrease.Therefore, you now own 1 369 Naspers shares at around R2 400 – equal to R3.29m. The date of the capitalisation issue and implementation of the Naspers N shares and the Prosus N shares was 16 September 2019. It should only be considered an indication and not a recommendation.Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.Our analysts have selected this fund for the Wealth Shortlist.Hargreaves Lansdown is not responsible for an article's content and its accuracy. After the Extraordinary General Meeting held on 29 May 2019, Naspers management explained that Naspers will own at least 73% of Prosus, while 27% will be free float.With regards to the second option, where shareholders elected to receive M-shares/the Prosus option:At the closing price of R3 522.82 last night, you would own R3.522m in shares.
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