Release Date: 14/09/2023 11:00
Code(s): PRX PDF: Subscription required to view PDF file
Cash Value in respect of Fractional Entitlements to Prosus Ordinary Shares N Listed on the JSE and A2X
Prosus N.V.
(Incorporated in the Netherlands)
(Legal Entity Identifier: 635400Z5LQ5F9OLVT688)
AEX and JSE Share Code: PRX ISIN: NL0013654783
(Prosus)
CASH VALUE IN RESPECT OF FRACTIONAL ENTITLEMENTS TO PROSUS ORDINARY
SHARES N LISTED ON THE JSE AND A2X
Capitalised terms not defined in this announcement shall have the meaning given to such terms
in the circular posted to shareholders of Prosus (Shareholders) together with the notice
convening the 2023 annual general meeting of Shareholders on Wednesday, 12 July 2023 (the
Circular).
1. INTRODUCTION
Shareholders are referred to the declaration announcement published by Prosus on
Friday, 25 August 2023, and the finalisation announcement (Finalisation
Announcement) published by Prosus on Monday, 4 September 2023, regarding the
Prosus Capitalisation Issue in connection with the removal of the cross-holding structure
pursuant to the Proposed Transaction.
The salient dates and times included in the Finalisation Announcement remain
unchanged.
2. PURPOSE OF THIS ANNOUNCEMENT
The purpose of this announcement is to advise the Prosus Free-Float Shareholders who
hold Prosus Ordinary Shares N on the JSE and A2X on the Transaction Record Date (JSE
Free-Float Shareholders) of the cash value in respect of fractional entitlements to
Prosus Ordinary Shares N arising from the Prosus Capitalisation Issue.
3. CASH VALUE OF FRACTIONAL ENTITLEMENTS TO PROSUS ORDINARY SHARES N
ON THE JSE AND A2X
Shareholders are advised that as set out in the Circular, where fractional entitlements to
Prosus Ordinary Shares N arise pursuant to the Prosus Share N Capitalisation Issue, such
fractions will be rounded down to the nearest whole number with any remaining
entitlements to Prosus Ordinary Shares N being sold on behalf the JSE Free-Float
Shareholders. A cash value in respect of such fractional entitlements will be paid in
accordance with the JSE Listings Requirements in South African Rand to the relevant JSE
Free-Float Shareholders in their custodian / brokerage accounts or to a nominee account
to be held on behalf and for the benefit of the relevant JSE Free-Float Shareholders, on
Monday, 18 September 2023.
In accordance with the JSE Listings Requirements, this cash value in respect of fractional
entitlements has been determined with reference to the volume weighted average traded
price of Prosus Ordinary Shares N traded on the JSE on Wednesday, 13 September 2023,
being the first trading day "ex" the entitlement to participate in the Prosus Capitalisation
Issue on the JSE and A2X, reduced by 10% (Cash Value). On this basis, the Cash Value
due to the JSE Free-Float Shareholders in respect of any fractional entitlements is
ZAR cents 53,761.55355 (ZAR cents 59,735.05950 x 90%).
4. EURONEXT FREE-FLOAT SHAREHOLDERS
Prosus Free-Float Shareholders who hold Prosus Ordinary Shares N on Euronext
Amsterdam are advised that their brokers or nominees will inform them on Monday, 18
September 2023, of the cash value against which the fractional entitlements to Prosus
Ordinary Shares N will be sold. The cash proceeds of such fractional entitlements to
Prosus Ordinary Shares N will be paid as outlined in the Finalisation Announcement on
Monday, 18 September 2023.
Amsterdam, the Netherlands
14 September 2023