Naspers Limited (JSE: NPN) has provided an update on its ongoing share repurchase programme. This follows their announcement from June 27, 2022.
Repurchase Programme Details
Naspers is actively repurchasing its N ordinary shares and those of its subsidiary, Prosus. This is part of an open-ended repurchase programme. The aim is to buy back shares from free-float shareholders.
Weekly Update on Purchases
Naspers voluntarily updates its shareholders weekly on the shares it repurchases. For the period between May 27, 2024, and May 31, 2024, the Group purchased 231,995 Naspers shares.
Transaction Summary
The shares were bought at an average price of ZAR3,821.0409 per share. This amounted to a total consideration of ZAR886,462,388, equivalent to approximately US$47,767,754.
Details of Repurchased Shares (May 27 – May 31, 2024)
| Date | Number of Shares | Average Price per Share (ZAR) | Total Consideration (ZAR) | Total Consideration (USD) |
|---|---|---|---|---|
| May 27, 2024 | 50,000 | 3,820.50 | 191,025,000 | 10,302,298 |
| May 28, 2024 | 45,000 | 3,822.00 | 171,990,000 | 9,273,452 |
| May 29, 2024 | 60,000 | 3,819.00 | 229,140,000 | 12,363,367 |
| May 30, 2024 | 40,000 | 3,822.50 | 152,900,000 | 8,242,905 |
| May 31, 2024 | 36,995 | 3,823.00 | 141,407,388 | 7,585,732 |
| Total | 231,995 | 3,821.0409 | 886,462,388 | 47,767,754 |
Conclusion
Naspers continues to focus on enhancing shareholder value through its repurchase programme. The company’s strategic investments and initiatives aim to drive long-term growth and development. For more information, visit Naspers’ website.