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 53,761.55355 cents (ZAR59,735.05950 cents 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.
Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors in markets including India and Brazil.Through its ventures team, Prosus invests in areas including health, logistics, blockchain, and social commerce. Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology to improve people’s everyday lives.