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NASPERS LIMITED - ADR ratio change

Release Date: 02/08/2017 15:00
Code(s): NPN     PDF:  
Wrap Text
ADR ratio change

Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN ISIN: US 6315121003
(“Naspers” or the “Company”)


ADR RATIO CHANGE

The Company is announcing a ratio change on its American Depositary Receipt (“ADR”)
programme from ten (10) ADRs representing one (1) Class N ordinary share to the new
ratio of five (5) ADRs representing one (1) Class N ordinary share.

The ratio change will result in a reverse split on the ADRs on the basis of one (1) new
ADR for every two (2) old ADRs held. The Class N ordinary shares of Naspers will not be
affected by this change.

Effective 11 August 2017, holders of ADRs will be required on a mandatory basis to
surrender their old ADRs to Bank of New York Mellon (“BNY Mellon”) for cancellation at
the rate of two (2) “OLD” ADRs (CUSIP 631512100) for one (1) “NEW” ADR (CUSIP
631512 209; ISIN NUMBER is US6315122092). Holders in the Direct Registration System
and in Depository Trust Company will have their ADRs automatically exchanged and
need not take any action. Only whole ADRs will be distributed. BNY Mellon will attempt
to sell any fractional ADRs and distribute the cash proceeds.

The number of ADRs in issue on 1 August 2017 was 36 787 894 and after the ratio
change effective 11 August 2017, the number of ADRs amounts to 18 393 947.


Old Description of Listed Security           New Description of Listed Security

10 AMERICAN DEPOSITARY SHARES (EACH          5 AMERICAN DEPOSITARY SHARES (EACH
REPRESENTING 1 CLASS N ORDINARY              REPRESENTING 1 CLASS N ORDINARY
SHARE OF ZAR0.02 EACH); FULLY PAID           SHARE OF ZAR0.02 EACH); FULLY PAID


CAPE TOWN
2 August 2017

Sponsor: Investec Bank Limited

Depositary for the ADR programme:
For additional information, please visit BNY Mellon’s website at
www.globalbuydirect.com or call Shareholder Relations at 1-888-BNY-ADRS or 1-800-
345-1612.

Company contact:
Meloy Horn
Head of Investor Relations
Naspers
+27 11 289 3320
+27 82 772 7123
Meloy.horn@naspers.com




                                                                                    

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