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Prosus ( (NL:PRX) ) has issued an update.
Prosus has provided an update on its ongoing open-ended share repurchase programme involving ordinary shares of both Prosus and its parent Naspers, targeting free-float shareholders. Between 16 and 20 March 2026, the company bought back 2,919,471 Prosus shares at an average price of €43.5292, for a total outlay of €127.1 million.
The latest tranche underscores Prosus’s continued use of buybacks as a capital allocation tool, which can support its share price and signal confidence in the group’s valuation and long-term strategy. The programme, conducted under EU market abuse regulations, remains a notable element in how Prosus manages its capital structure and shareholder returns within the broader global tech and e-commerce sector.
More about Prosus
Prosus N.V. is a global technology group focused on building local e-commerce champions in growth markets, serving around 2 billion customers worldwide. The company holds leading positions in food delivery, online classifieds and fintech, and, through Prosus Ventures, invests in AI, social and e-commerce platforms, B2B software, logistics, health, blockchain, agriculture and other tech-driven sectors.
For detailed information about PRX stock, go to TipRanks’ Stock Analysis page.