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Prosus ( (NL:PRX) ) has issued an announcement.
Prosus has provided an update on its ongoing open-ended share repurchase programme targeting ordinary shares in both Prosus and its parent Naspers, acquired from free-float shareholders. Between 27 April and 1 May 2026, the company bought back 1,528,155 Prosus shares at an average price of €40.7109 per share, for a total outlay of €62.2 million.
The latest tranche of buybacks underscores Prosus’s continued use of capital returns as a tool to manage its share capital and potentially support its market valuation. The programme, conducted under European market abuse and buy-back regulations, forms part of a broader capital allocation strategy that can influence earnings per share and ownership structure for remaining investors.
More about Prosus
Prosus is a global technology company focused on unlocking an AI-first world for around 2 billion customers, with investments in more than 100 companies worldwide and a strategy of building local ecommerce champions in growth markets. The group holds leading positions in food delivery, online classifieds and fintech, and through Prosus Ventures backs technology-driven growth opportunities across sectors such as AI, social and ecommerce platforms, B2B software, logistics, health and blockchain.
For an in-depth examination of PRX stock, go to TipRanks’ Overview page.