Prosus Updates Share Repurchase Programme

Prosus ( (NL:PRX) ) has provided an announcement.

Prosus announced an update to its ongoing repurchase programme for its ordinary shares and those of Naspers, repurchasing over 5.2 million shares at an average price of €37.6666 per share, totaling approximately €197.2 million. This move is part of a broader strategy to manage its capital structure and potentially enhance shareholder value, reflecting the company’s commitment to maintaining a balanced approach to growth and investment.

More about Prosus

Prosus is a global technology company focused on unlocking an AI-first world for its 2 billion customers. With investments in over 100 companies worldwide, it builds local ecommerce champions in growth markets. Prosus holds leading positions in food delivery, classifieds, and fintech, creating a unique technology ecosystem that fosters innovation and growth. The company invests in new technology growth opportunities through its Prosus Ventures team, supporting entrepreneurs in AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, agriculture, and more.

YTD Price Performance: 0.25%

Average Trading Volume: 44,241

Technical Sentiment Signal: Sell

Current Market Cap: $94.81B

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