*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: Obtains access to the information in a personal capacity; As a result, PN shareholders’ indirect interest in MCSA has increased from 20% to 25% which will increase by 25% their share of dividend flows.Naspers remains committed to South Africa and will continue to operate and invest in local ecommerce and internet companies across classifieds, etail, payments, and online food delivery, as well as Media24. Looking ahead, Naspers will continue to invest in South Africa; at the South Africa Investment Conference held in October 2018 Naspers committed to invest a further R4.6bn in new and existing technology companies in South Africa over the coming three years. Note that the above results and reports relate to MultiChoice Group limited. Its pan-African scale is supported by strong local capabilities as well as a seasoned leadership team – all underpinned by strong financials and an ungeared balance sheet.Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.The world is changing fast and to keep up you need local knowledge with global context.Bob van Dijk, Naspers Chief Executive Officer, said:Everything from investing like Warren Buffett to the Audiobiography of Cyril Ramaphosa.As well as unlocking value for Naspers shareholders, the transaction reinforces the commitment of both MCG and Naspers to socio-economic transformation and B-BBEE in South Africa. Naspers’s assets are valued at $140-billion (amounting up to over R2-trillion or EU125,7-billion), whilst the market capitalisation of the shares is $100-billion. The remaining R3.2bn of the commitment is to be injected into Naspers’ existing businesses and this has already started. Any failure to comply with such restrictions or requirements may constitute a violation of the securities laws and regulations of any such jurisdiction. G lobal consumer Internet group Naspers has posted revenue of $19 billion after unbundling MultiChoice operations..
Note that the above results and reports relate to MultiChoice Group limited. In the case of Naspers, the unbundling of Multichoice caused the share to fall by R125.06 – which was roughly 4% - but then three days later the share closed at R3157 – more than recovering that loss. The combined expenditure (for the purposes of income tax) of such Naspers shares and MultiChoice Shares will be the amount originally taken into account by the Naspers Shareholder prior to the Unbundling in respect of those Naspers shares, as contemplated in section 11(a), section 22(1), or section 22(2) of the Income Tax Act. After the unbundling, MultiChoice started reporting a “Premium subscribers” figure, which is actually a combination of DStv Premium bouquet and DStv Compact Plus bouquet subscribers. Overview. The full timetable (drafted and published by Naspers) which lists the certain key dates for the unbundling transaction, can be found at:With regards to the first option, where shareholders elected additional N-shares (Naspers Shares):“The Prosus share price is still in a period of price discovery and any material pricing irregularities will be arbitraged out by the market.”Yes, Naspers will continue to have its primary listing on the JSE – and Prosus will receive a secondary, inward listing on the local stock exchange.All of Naspers’s internet interests is being unbundled into a new, foreign company, called Prosus, which will be listed on the Amsterdam exchange (Euronext Amsterdam). This is because Naspers was heavily under-priced and was in a strong upward trend at the time. Investment Case. The distribution of the shares must be disregarded in determining any liability for dividends tax; the impact of paragraph 76B of the Eighth Schedule for the shareholder. The company this afternoon announced its … To the fullest extent permitted by applicable law, Naspers disclaims any responsibility or liability for the violation of such restrictions or requirements by any person. Click here for MultiChoice South Africa reporting or visit the Phuthuma Nathi website. Overview. Are you curious about what the Naspers unbundling transaction is actually about? Underlining this commitment, Naspers has invested R6.9bn over the last three years in developing its existing South African businesses and through M&A activity. Naspers has not attempted to qualify the Unbundling as a tax free transaction to Naspers shareholders in terms of the rule of any jurisdiction other than South Africa.
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