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Prosus and Naspers Announce Intention for Prosus to Make a Voluntary Share Exchange Offer to Naspers Shareholders
PLEASE SEE THE IMPORTANT DISCLAIMERS AT THE END OF THIS ANNOUNCEMENT.
1. INTRODUCTION
Prosus Board ) (Euronext Amsterdam: PRX; JSE: PRX) and the board of directors of Naspers Limited (
Naspers ) (JSE: NPN; LSE: NPSN) are pleased to announce that Prosus intends to implement a voluntary exchange offer in terms of which, among other things, the holders of the N ordinary shares in the share capital of Naspers (
Naspers N Ordinary Shares ) will be entitled, subject to the terms and conditions of the exchange offer, to exchange some of their Naspers N Ordinary Shares for newly issued ordinary shares N in the share capital of Prosus (