"Completion of the Accelerated Offering of Tencent shares and lifting of cautionary warning"
23 March 2018
Naspers announced today that it has completed its Accelerated Offering of Tencent shares, reducing its stake in Tencent from 33,2% to 31,2% (the Transaction). The sale yielded US$9,8 billion. These funds will be utilised to reinforce Naspers’ balance sheet and invested over time in Naspers’ development businesses. Naspers also announced a commitment not to sell any further Tencent shares for at least 3 years.
Shareholders are referred to the cautionary announcement dated 22 March 2018. As further details of the Transaction have now been released, shareholders no longer need to exercise caution when dealing in Naspers securities.
You can listen to our investor call here.
For more information contact:
Meloy Horn, Head of Investor Relations, Naspers
Tel: +27 11 289 3320 | +27 11 289 4446
Mobile: +27 82 772 7123
Email: meloy.horn@naspers.com
Disclaimer:
This announcement is for information purposes only and is not an offer to sell or the solicitation of an offer to buy securities and neither this document nor anything herein nor any copy thereof may be taken into or distributed, directly or indirectly, in or into Canada, Japan or any other jurisdiction in which offers or sales would be prohibited by applicable law.
This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in any jurisdiction, including the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or sold in the United States except pursuant to registration or an exemption from the registration requirements of the Securities Act. There is no intention to make a public offering of the securities mentioned herein in the United States.
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