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An announcement from Prosus ( (NL:PRX) ) is now available.
Prosus has provided an update on its ongoing share repurchase programme, which targets ordinary shares in Prosus and its parent Naspers held by free-float investors. The initiative forms part of the group’s broader capital management strategy, aimed at optimising its balance sheet and potentially enhancing value per share for remaining investors.
Between 20 April and 24 April 2026, the company bought back 1,889,294 Prosus shares on the market at an average price of €42.6213, for a total outlay of about €80.5 million, or roughly US$94.5 million. The latest tranche underscores Prosus’s continued use of buybacks as a tool to return capital and may support its share price while modestly reducing the free float.
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 local ecommerce champions in growth markets, with leading positions in food delivery, online classifieds and fintech. Through Prosus Ventures it invests in high-growth technology areas including AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain and agriculture.
For an in-depth examination of PRX stock, go to TipRanks’ Overview page.