Articles from Prosus

Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) today announces a letter to shareholders outlining a Food Delivery Update for Prosus. The financial information on which this update is based has not yet been reviewed nor reported on by Prosus’s independent auditor.

Prosus N.V. (Prosus) (AEX and JSE: PRX): A letter from Fabricio Bloisi, chief executive, Prosus, on his first 100 days can be found on the company’s website, www.prosus.com/news-insights/group-updates/2024/ceo-letter-100-days-update

Prosus N.V. (Prosus) (AEX and JSE: PRX): The Naspers and Prosus boards announce that after 29 years of exemplary leadership and service, Basil Sgourdos will retire from his position as Group Chief Financial Officer and financial director of both companies effective 30 November 2024.

Prosus N.V. (AEX: PRX) today announced that the Boards of Prosus and Naspers have unanimously approved the appointment of Fabricio Bloisi as Chief Executive Officer (CEO), Prosus and Naspers Group (“the Group”). The appointment is effective as of 1 July 2024.

Prosus N.V. (Prosus) (AEX and JSE: PRX): Prosus is successfully delivering on its commitments. The fundamentals of its operating businesses are improving, driving proftable growth. The ongoing open-ended buyback continues to compound value over time and the removal of the cross-holding agreement has greatly simplified the Group’s structure. Lastly, with its strong balance sheet and through active portfolio management, the Group is well positioned to generate improved returns through smart and disciplined capital allocation, benefitting all its stakeholders.

Prosus N.V. (Prosus) (AEX and JSE: PRX): To continue its value accretive open-ended share repurchase programme, this week Prosus will convert 96 million Tencent shares it owns from certificate form to digital form, through a process of dematerialisation. This represents approximately 1% of the issued share capital of Tencent. This is in line with the action taken in April 2023.

Prosus N.V. (Prosus) (AEX and JSE: PRX): Prosus shareholders (Prosus Shareholders) are referred to the joint announcement published by Prosus and Naspers Limited (Naspers) on 27 June 2023 (the Transaction Announcement) regarding Naspers's and Prosus's intention to implement a proposed transaction in terms of which the cross-holding structure between Naspers and Prosus will be removed (the Proposed Transaction). Capitalised terms not defined in this announcement shall have the meaning given to such terms in the Transaction Announcement.

Prosus (Euronext Amsterdam: PRX; JSE: PRX), a global consumer internet group and one of the largest technology investors in the world, today announced it has entered into an agreement to acquire the remaining 33.3% stake in iFood, from minority shareholder Just Eat Holding Limited for €1.5bn in cash plus a contingent consideration of up to €300m. Following the transaction, Prosus and its affiliate company, Movile (a Brazilian investor in technology companies) will fully own iFood.

Prosus (Euronext Amsterdam: PRX; JSE: PRX) shareholders are advised that on 23 December 2021, the board of directors of Tencent Holdings Limited (Tencent), declared a special interim dividend in the form of a distribution in specie of Class A ordinary shares (the JD.com shares) of JD.com, Inc. (JD.com), a company whose American depositary shares are listed on NASDAQ Global Select Market (stock symbol: JD, ISIN Code: US47215P1066) and whose shares are listed on The Stock Exchange of Hong Kong Limited (HKEx) (stock code: 9618), representing a majority of the JD.com shares held by Tencent (the JD.com in specie distribution).

On 11 and 12 January 2022, Prosus (Euronext Amsterdam: PRX; JSE: PRX) respectively priced USD and EUR notes in an aggregate principal amount totaling US$5.25 billion equivalent under its Global Medium-Term Note Programme. These issuances consist of US$1 billion 3.257% notes due 2027, US$1 billion 4.193% notes due 2032, US$1.25 billion 4.987% notes due 2052, €500 million 1.207% notes due 2026, €600 million 2.085% notes due 2030, and €650 million 2.778% notes due 2034 (the “Bonds”).

Prosus N.V. ("Prosus"), the global consumer internet group and one of the largest technology investors in the world, announced today that an agreement has been reached between PayU and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.