RESULTS OF THE GENERAL MEETING OF NASPERS SHAREHOLDERS Naspers N Shareholders and A Shareholders (Shareholders) are referred to:
- the announcement made by the Company on 25 March 2019 in relation to the Company's intention to form a new global consumer internet group, by listing its global consumer internet assets held by Myriad International Holdings N.V. (previously referred to as NewCo and to be renamed Prosus N.V.), an existing subsidiary of Naspers, incorporated in accordance with Dutch laws, on Euronext Amsterdam with a secondary, inward listing on the Main Board of the Johannesburg Stock Exchange (Proposed Transaction);
- the announcement made by the Company on 19 July 2019, regarding the posting of the circular to Shareholders (Circular), which Circular included a notice convening the general meeting of Shareholders in relation to the approval of matters relating to the implementation of the Proposed Transaction (EGM); and
- Circular containing the new timetable of the Proposed Transaction.
A Ord shares** | N Ord shares | |||||
Resolution |
Number of votes voted by A Ord shares at the EGM | For % |
Number of votes voted by N Ord shares at the EGM | For % | Against % | Abstain % as a total of the N Ord share capital* |
Special resolution number 1: Approving matters relating to the implementation of the Proposed Transaction on the terms and conditions set out in the Circular | 895 486 000 | 100% | 351 368 218 | 95.51% | 4.49% | 0.05% |
*Abstentions are represented as a percentage of total exercisable votes. **Naspers A ordinary shares have one thousand votes per share. |
Shareholders are hereby advised that the conditions to the Capitalisation Issue (as defined in the Circular) as set out in the Circular have been fulfilled or waived and the Capitalisation Issue is consequently unconditional. As set out in the Circular, the board of directors of the Company reserves the right, in its discretion, to decide not to proceed with the Proposed Transaction until 14:00 on the last day to trade in Naspers N ordinary shares in order to be able to participate in the Capitalisation Issue, currently expected to be Tuesday, 10 September 2019. This discretion will include, but not be limited to, the right to amend the timetable for the Proposed Transaction.
Sponsor Investec Bank Limited | |
South African Legal Adviser (Lead) Webber Wentzel | South African Legal Adviser Glyn Marais Inc. |
Dutch Legal Adviser Allen & Overy LLP | US Legal Adviser Allen & Overy LLP |
Joint Financial Advisers | Legal Adviser to Joint Financial Advisers |
Goldman Sachs International | Linklaters LLP |
J.P. Morgan Securities plc | |
Morgan Stanley & Co. International plc | Naspers ADS Depositary |
The Bank of New York Mellon |
For more information contact:
Shamiela Letsoalo, Media Relations Director SA
Mobile: +27 78 802 6310
Email: [email protected]
Eoin Ryan, Head of Investor Relations
Tel: +1 347-210-4305
Email: [email protected]
Sarah Ryan, Media Relations Director International
Mobile: +31 629 721038
Email: [email protected]
About Naspers
Naspers is a global consumer internet group and one of the largest technology investors in the world. Operating and investing in countries and markets across the world with long-term growth potential, Naspers builds leading companies that empower people and enrich communities. The group operates and partners a number of leading internet businesses across Central and Eastern Europe, Africa, the Americas and Asia in sectors including online classifieds, payments and fintech, food delivery, travel, education, health, and social and internet platforms.
Every day, millions of people use the products and services of companies that Naspers has invested in, acquired or built, including Avito, Brainly, BYJU'S, Codecademy, eMAG, Honor, ibibo, iFood, letgo, Media24, Movile, OLX, PayU, SimilarWeb, Swiggy, Takealot, and Udemy.
Similarly, hundreds of millions of people have made the platforms of its associates a part of their daily lives: Tencent (www.tencent.com; SEHK 00700), Mail.ru (www.corp.mail.ru; LSE: MAIL), MakeMyTrip Limited1 (www.makemytrip.com; NASDAQ:MMYT) and DeliveryHero (www.deliveryhero.com; Xetra: DHER)
Today, Naspers companies and associates help improve the lives of around a fifth of the world's population. Naspers actively searches for new opportunities to partner exceptional entrepreneurs who are using technology to address big societal needs.
Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa, and has an ADR listing on the London Stock Exchange (LSE: NPSN).
For more information, please visit www.naspers.com
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Naspers Limited published this content on 23 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2019 15:32:02 UTC