Naspers looks to enhance accessibility for a broader base of investors

“The market price of Naspers shares has increased significantly in recent years. Naspers N Ordinary Shares currently trade at one of the highest prices per share on the JSE, significantly exceeding the average price per share of constituents of the JSE Top 40 Index.”

Naspers

Naspers has announced to shareholders that in line with the resolutions adopted at the recent Annual General Meeting, the company will be undertaking a five-for-one share subdivision. This is commonly known as a stock split.

There is no change to the economic interest or voting rights of Naspers N ordinary shareholders. In these situations, there are simply more shares in issue than before without any change to the underlying business, which means that the share price adjusts accordingly and the market cap is unchanged (all else being equal).

Naspers values the Ghost Mail reader base and has thus included the entire announcement below for ease of reference: