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Prosus ( (NL:PRX) ) has shared an update.
Prosus has updated investors on activity under its ongoing share repurchase programme targeting ordinary shares in both Prosus and South African parent Naspers held by free-float shareholders. The group is listed in Amsterdam and Johannesburg and continues to position itself as a major technology investor in growth markets, focusing on AI-driven ecommerce, food delivery, classifieds and fintech.
Between 23 and 27 March 2026, Prosus bought back 2,643,733 of its own shares at an average price of €40.25, for a total spend of about €106.4 million. The continued execution of this open-ended buyback is likely to support capital allocation efficiency and may enhance earnings per share over time, reinforcing Prosus’s efforts to optimise its balance sheet and narrow the discount at which its shares trade relative to the value of its underlying technology portfolio.
More about Prosus
Prosus is a global technology investor focused on unlocking an AI‑first world for around 2 billion customers, primarily in growth markets. The group backs and operates local ecommerce champions with leading positions in food delivery, online classifieds and fintech, creating a connected technology ecosystem that shares innovation and operational expertise.
Through Prosus Ventures, the company invests in early and growth-stage technology businesses across AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain and agriculture. By supporting entrepreneurs who use technology to improve everyday life, Prosus has built a diversified portfolio of more than 100 companies worldwide and maintains a strong presence in high-growth digital sectors.
For detailed information about PRX stock, go to TipRanks’ Stock Analysis page.