Transaction Structure

The listing of Prosus on Euronext Amsterdam is expected to reduce significant structural barriers for Naspers and represents another major step by management to pursue continued growth and create value for shareholders.

Naspers expects to own no less than 73% of Prosus and the free float is expected to be up to 27%, created by Naspers through a capitalisation issue of Prosus shares to Naspers shareholders.

Mechanics of the capitalisation issue:

Naspers N shareholders will be issued with newly-created Naspers M Ordinary Shares, which, post-listing, will be exchanged for Prosus Shares. Naspers N shareholders can elect to be issued with additional Naspers N Ordinary Shares instead of receiving Prosus Shares.

Transaction Overview

Watch an animation explaining the proposed transaction.

EGM Circular Infographic

Infographic provides an overview of the proposed capitalisation issue