NPN Share Repurchase Neutral

NASPERS LIMITED - Update on Repurchase Programme and Claim It Campaign

Naspers Limited
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What this filing means

Naspers continues its routine, open-ended share repurchase programme, deploying R460.6 million to acquire 515,869 shares while participating in the market-wide 'Claim It' dividend recovery campaign.

Bull case

  • The company continues to execute its open-ended share repurchase programme, having deployed ZAR460.6 million to retire 515,869 shares over a three-day period.
  • The ongoing buybacks provide mechanical support to the stock, which is executing these repurchases at a trailing P/E of 7.9x.

Bear case

  • The ongoing open-ended repurchase programme continuously diverts substantial liquidity that could otherwise be deployed for growth initiatives.
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Category
Share Repurchase
Published
May 5, 2026

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