Naspers prosus spin off ratio. 43%, which is governed by the Cross-Holding Arrangements.
Naspers prosus spin off ratio. . 57% and the Naspers Free-Float Effective Economic Interest is c. Following shareholder approval, in September 2023, we removed the cross-holding of shares between Prosus and Naspers. When the cross-holding between the two businesses was introduced, it resulted in Prosus owning 49. 43%, which is governed by the Cross-Holding Arrangements. Aug 25, 2023 · Tax Considerations The Naspers Capitalisation Issue is specifically deemed not to be a “disposal” by the company in terms of paragraph 11 (2) (b) (i) of the Eighth Schedule to the Income Tax Act and is therefore not a taxable event for South African tax purposes. This ensures the continuation of the open-ended share repurchase program, meaningfully simplifies our corporate structure and preserves the benefits gained from the listing of Prosus and from the share exchange transaction. Jun 27, 2023 · Naspers split off Prosus in 2019 to manage the Cape Town-based company’s tech holdings and the Tencent stake. Jun 27, 2023 · Currently, the Prosus Free-Float Effective Economic Interest is c. 95% of its parent company. Jun 27, 2023 · Currently, the Prosus Free-Float Effective Economic Interest is c. The remainder will be held by Prosus' To the fullest extent permitted by applicable law, Prosus and Naspers disclaim any responsibility or liability for the violation of such requirements by any person. Jun 28, 2023 · On the Prosus side, this means that Naspers' current legal interest in Prosus will be reduced to the agreed-upon 43% economic interest level. logrc ucojprz ugyzt kuaojc mcir qkllz lbbmy matgvkka tvgqa fpjd