REG - Prosus NV Naspers Limited - Director/PDMR Shareholding

Prosus NVAnnouncement

19/07/2024 10:45

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RNS Number : 9967W  Prosus NV  19 July 2024

Prosus N.V.

(Incorporated in the Netherlands)

(Legal Entity Identifier: 635400Z5LQ5F9OLVT688)

AEX and JSE Share Code: PRX ISIN: NL0013654783

(Prosus)

DEALINGS IN SECURITIES

Today, Fabricio Bloisi will notify the Stichting Autoriteit Financiële
Markten (AFM) about the offers of performance share units (PSUs) by the Prosus
N.V. Share Award Plan.

The offers of PSUs by the Prosus N.V. Share Award Plan to Fabricio were
accepted on 17 July 2024. Vesting of PSUs, and the exact quantum thereof, is
subject to the achievement of performance conditions set out in the the
additional disclosure for the chief executive issued together with the Naspers
notice of annual general meeting 2024 on 19 July 2024 (the Disclosure).

Further, an additional offer of PSUs was made to Fabricio Bloisi as a special
once-off 'moonshot'. The award will only vest if Fabricio Bloisi has remained
employed within the Naspers and Prosus Group until 30 June 2028 and if the
Committee determines that all elements of the performance conditions have been
satisfied.

This once-off 'moonshot' award will be triggered only when two conditions are
met simultaneously:

1.  the group's aggregate market capitalisation (being the combined Prosus
N.V. and Naspers market capitalisations) is doubled or better between 1 July
2024 and 30 June 2028 - and that value is maintained for at least one year
following this period (being 30 June 2029); and

2.  the group's net value creation in terms of total shareholder returns
compared to the TSR peer group (defined in the Disclosure) beats the 50th
percentile between 1 July 2024 and 30 June 2028.

The determination of 1 (first part) and 2 will be made by the Committee as
soon as is reasonably possible after 30 June 2028. The Committee will
determine whether the market capitalisation has been maintained as soon as is
reasonably possible after 30 June 2029.

 

 Date          Director         Plan                                             Number of units offered                                    Offer price of units  Fair value
 17 July 2024  Fabricio Bloisi  Prosus N.V. Share Award Plan                     430 295                                                    0                     US$18,900,000
 17 July 2024  Fabricio Bloisi  Prosus N.V. Share Award Plan ('Moonshot award')  Right to receive listed Class ordinary shares N in Prosus  0                     US$70,000,000

The Disclosure published on 19 July 2024 can be found here:
www.prosus.com/investors/shareholder-centre/shareholder-meetings
(http://www.prosus.com/investors/shareholder-centre/shareholder-meetings)

 

For ease of reference the remuneration report can be found here:

www.prosus.com/investors/results-reports-events/latest-financial-results
(http://www.naspers.com/investors/results-reports-events/latest-financial-results)

 

For additional information in relation to the AFM disclosures, please see the
AFM's registers on the AFM's website:

https://www.afm.nl/en/sector/registers/meldingenregisters.

 

Amsterdam, the Netherlands

19 July 2024

JSE sponsor to Prosus

Investec Bank Limited

 

Enquiries

 Investor Enquiries                           +1 347-210-4305

 Eoin Ryan, Head of Investor Relations
 Media Enquiries                              +31 6 15494359

 Charlie Pemberton, Communications Director

 

About Prosus

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 using technology to improve people's everyday lives.

Every day, billions of customers use the products and services of companies
that Prosus has invested in, acquired or built, including 99minutos, Airmeet,
Aruna, AutoTrader, Autovit.ro, Azos, BandLab, Bibit, Bilt, Biome Makers,
Borneo, Brainly, BUX, BYJU'S, Bykea, Captain Fresh, Codecademy, Collective
Benefits, Creditas, DappRadar, DeHaat, Detect Technologies, dott, EduMe,
ElasticRun, eMAG, Endowus, Eruditus, EVERY, Facily, Fashinza, Flink, Foodics,
Good Glamm Group, GoodHabitz, GoStudent, Honor, iFood, Imovirtual, Klar, Kovi,
LazyPay, letgo, Mensa Brands, Meesho, merXu, Movile, Oda, OLX, Otodom,
OTOMOTO, Oxford Ionics, PaySense, PayU, Pharmeasy, Platzi, Property24, Quick
Ride, Red Dot Payment, Republic, Sharebite, Shipper, ShopUp, SoloLearn, Stack
Overflow, Standvirtual, Superside, Swiggy, Thndr, Tonik, Ula, Urban Company,
Virgio, Vegrow, watchTowr, and Wayflyer.

Hundreds of millions of people have made the platforms of Prosus's associates
a part of their daily lives. For listed companies where we have an interest,
please see: Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, and
SimilarWeb.

Today, Prosus companies and associates help improve the lives of more than two
billion people around the world.

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary
listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X Markets
(PRX.AJ). Prosus is majority-owned by Naspers.

For more information, please visit www.prosus.com (http://www.prosus.com) .

 

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