Wrap Text
Prosus sells 4.5% stake in Delivery Hero to Uber
Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000351946
(Naspers)
Prosus sells 4.5% stake in Delivery Hero to Uber
Transaction represents a c.22% premium to the 1-month VWAP and advances on Prosus' commitments
to the European Commission
Shareholders are reminded that in August 2025, the European Commission approved Prosus
N.V. ("Prosus") (Prosus, and together with its subsidiaries, the Prosus Group, which is
majority-owned by Naspers) acquisition of Just Eat Takeaway.com, subject to commitments
by Prosus to significantly reduce its shareholding in Delivery Hero.
As a result, Prosus announces that it has entered into an agreement to sell 13,582,342
ordinary shares ("shares") in Delivery Hero SE ("Delivery Hero") to Uber Technologies, Inc.,
representing approximately 4.5% of Delivery Hero's total issued share capital.
The shares are being sold at a price of €20.00 per share, representing a premium of
approximately 22% to the 1-month VWAP of Delivery Hero shares as of 16 April 2026. This
transaction will result in total gross proceeds to Prosus of approximately €270m. Upon
completion of the transaction, Prosus's interest in Delivery Hero will decrease from 26.3% to
21.8% of the issued share capital.
Cape Town, South Africa
17 April 2026
JSE sponsor to Naspers
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
Media Enquiries +27 81 431 4855
Sibusiso Tshabalala, Head of Communications,
South Africa
About Naspers
Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors
in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer
internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam, and a secondary listing
on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.
In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce
companies. These include Takealot, Mr D Food, Autotrader, Property24 and PayU, in addition to Media24, South Africa's leading print and digital
media business.
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 a level 1 American Depository Receipt (ADR) programme which trades on an over-the-counter basis in the US.
For more information, please visit www.naspers.com.
Naspers Labs
In 2019, Naspers Labs, a youth development programme designed to transform and launch South Africa's unemployed youth into economic
activity, was launched. Naspers Labs focuses on digital skills and training, enabling young people to pursue tech careers.
General restrictions
This announcement is for information purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy or acquire,
any securities of Prosus or Delivery Hero in any jurisdiction.
The distribution of this announcement may, in some countries, be restricted by law or regulation. Persons who come into possession of this
announcement should inform themselves of and observe any such restrictions.
Date: 17-04-2026 08:00:00
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