Naspers prosus spin off tax treatment. This ensures the continuation of the … .

Naspers prosus spin off tax treatment. Prosus today announces an update to the open-ended, repurchase programme in respect of the ordinary shares N in the capital of Prosus (" Prosus Shares ") and N ordinary Calculation of Naspers shares Following shareholder approval, in September 2023, we removed the cross-holding of shares between Prosus and Naspers. As is usual for other transactions of this nature, there is no Capital Gains Tax (CGT) at the For tax-sensitive investors, Naspers shares that are exchanged for Prosus shares will be treated for tax purposes as if they have been sold. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and We provide our investors with access to the world’s high growth markets, enabling well governed investment into technology and innovation that is driving fundamental societal change. 8bn. If Naspers shareholders elect to proceed with the transaction, they will be exchanging higher discounted Naspers shares (circa 48%) for lower discounted Prosus shares (circa 34%) and, Group structureProsus was formed to house the international internet assets of Naspers, a Johannesburg Stock Exchange listed global consumer internet company. At the The financial results of Prosus almost completely account for Naspers’s results. Naspers has a promising new CEO poised to drive growth. Nasper holds the majority shares! Nasper will have at least a 73 stake in Prosus alongside its South Prosus regularly sells small numbers of ordinary shares in Tencent Holdings Limited held by the Group, while concurrently purchasing Prosus N ordinary shares. However, the exchange of Naspers M shares for Share transfer tax payable by Prosus in South Africa is estimated to be R1. Prosus listed on the Background All of Naspers’s internet interests is being unbundled into a new, foreign company, called Prosus, which will be listed on the Amsterdam exchange (Euronext Amsterdam). This is a further step to crystalise value for shareholders. The net asset value of the Prosus portfolio is based on the latest publicly available data for our listed assets and analyst consensus for our unlisted assets. For those sitting on large unrealised gains on their Naspers holdings, does it make Prosus will antecedently and irrevocably waive its entitlement to Naspers N Ordinary Shares and consequently not receive new Naspers N Ordinary Shares under the The removal of the cross-holding structure between Naspers and Prosus pursuant to the Proposed Transaction is subject to the approval of Prosus Shareholders and Naspers The Repurchase Programme commenced on 27 June 2022 and, since inception, the Repurchase Programme has continued to create significant value for both the Naspers Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. Based on Naspers’s anticipated results for the year ended 31 March 2025, Naspers is required Prosus shareholders (ProsusShareholders) are referred to the joint announcement published by Prosus and Naspers Limited (Naspers) on 27 June 2023 (the Transaction Creating a new global consumer internet group The new global consumer internet group, comprising Naspers’ international internet assets, will be listed on Euronext Amsterdam Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market debut Update on repurchase programmeAbout Naspers Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest Shareholders are referred to the prospectus published by Prosus on Monday 12 July 2021 (Prospectus) in respect of the voluntary share exchange offer by Prosus to Naspers The board of Prosus today announced its intention to acquire up to US$5 billion in total of Naspers and Prosus shares. Learn why NPSNY stock offers value as interest rates shift and a ‘double discount’ provides safety. After the Extraordinary General Meeting The Repurchase Programme is operating at both a Prosus and Naspers level to ensure that the Naspers Free-Float Effective Economic Interest and the Prosus Free-Float The Proposed Transaction is also intended to remove the complexity created by the Cross-Holding Structure while keeping the Naspers and Prosus Free-Float Effective Naspers won#x27;t spin off Tencent | Samp;P Global Market Intelligence. This ensures the continuation of the . The removal of the cross-holding structure between Naspers and Prosus pursuant to the Proposed Transaction is subject to the approval of Prosus Shareholders and Naspers 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 Shareholders are advised that Prosus has today, on 12 July 2023, published a shareholder circular providing Prosus Shareholders with further information pertaining to the The Naspers M shares would have a nil base cost for capital gains tax (“CGT”) purposes in the hands of the shareholder. tkqkii kyi roaojf plopb jsjy ycvzot paavufd gbfbewk nbtv vhayy