Naspers holds 74 percent stake in Prosus post IPO
An overwhelming majority of Naspers shareholders chose to get Prosus shares.
South African investment company Naspers said on Monday it holds a 74 percent stake in Prosus, the Dutch holding firm it has spun off to run its global consumer internet investments, including a 31 percent stake in China’s Tencent.
The figures published in Johannesburg following Prosus’s Initial Public Offering (IPO) in Amsterdam last week showed a 1.3 percent increase in the number of Naspers shares outstanding, as a handful of shareholders elected to receive additional Naspers shares rather than Prosus shares in the IPO.
An overwhelming majority of Naspers shareholders chose to get shares in its new tech company Prosus, rather than more Naspers shares.
Investors representing 96.3 percent of Naspers shares went for the default option: They received one Prosus share for every Naspers N share they held. Alternatively, they could have opted to get 0.36986 new Naspers shares for every Naspers share they owned.
Almost 422 million new Prosus N shares will be issued to Naspers shareholders, compared to only 6 million new Naspers N shares. As a result, the number of Naspers shares outstanding are increasing by 1.3 percent, Reuters reported.
Naspers recently won shareholder approval to forge ahead with the listing of its Prosus in Amsterdam in September, a new entity that will include its stake in Chinese internet giant Tencent. Alongside the Tencent stake, the new company will hold businesses from Brazil to Germany in industries such as online food delivery and classified advertising.