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Prosus ( (NL:PRX) ) has issued an announcement.
Prosus has provided an update on its ongoing share repurchase programme covering both Prosus and Naspers shares held by free-float investors. Between 16 and 20 February 2026, the company bought back 2,058,244 Prosus shares at an average price of €43.5011, for a total outlay of about €89.5 million, continuing its capital return and balance-sheet optimisation strategy.
The latest tranche of buybacks underscores Prosus’s commitment to its previously announced open-ended repurchase plan, which aims to enhance shareholder value by reducing free float. The move may also help narrow the long-noted discount between the group’s market value and its underlying portfolio, a key issue for investors in the Amsterdam- and JSE-listed technology group.
More about Prosus
Prosus is a global technology investor focused on unlocking an AI-first world for around 2 billion customers through stakes in more than 100 companies worldwide. The group backs local ecommerce champions in growth markets and holds leading positions in food delivery, online classifieds and fintech, supported by its Prosus Ventures arm investing in AI, social and ecommerce, B2B software, logistics, health, blockchain and agriculture.
See more data about PRX stock on TipRanks’ Stock Analysis page.