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Prosus ( (NL:PRX) ) has provided an announcement.
Prosus has continued its open-ended share repurchase programme targeting free-float shareholders of both Prosus and its parent Naspers, as part of ongoing capital allocation efforts. The programme underlines the group’s strategy of using buybacks to manage its capital structure and potentially support its share price, while gradually reducing free float.
Between 30 March 2026 and 3 April 2026, the company repurchased 1,797,401 Prosus shares at an average price of €39.4483, for a total outlay of about €70.9 million. The latest tranche signals continued execution of the long-running programme launched in June 2022, with implications for existing shareholders through reduced share count and a more concentrated ownership base.
More about Prosus
Prosus N.V. is a global technology investor focused on building an AI-first ecosystem for roughly 2 billion customers worldwide. The group backs and operates businesses in growth markets, with leading positions in food delivery, online classifieds and fintech, and invests through Prosus Ventures in areas spanning AI, social and ecommerce platforms, B2B software, logistics, health, blockchain and agriculture.
For an in-depth examination of PRX stock, go to TipRanks’ Overview page.