Wrap Text
Increased stake in Delivery Hero to offset current and future dilution
Prosus N.V.
(Incorporated in the Netherlands)
(Legal Entity Identifier: 635400Z5LQ5F9OLVT688)
AEX and JSE Share Code: PRX ISIN: NL0013654783
(Prosus)
INCREASED STAKE IN DELIVERY HERO TO OFFSET CURRENT AND FUTURE DILUTION
Prosus has acquired approximately 20.37 million shares in Delivery Hero (FRA:DHER.GR) via
market and bilateral trades through its subsidiary, MIH Food Holdings B.V.
Following the close of Delivery Hero’s most recent Woowa transaction on March 2, 2021, whereby
Delivery Hero SE bought an 87% stake in Woowa, South Korea’s biggest food delivery app, MIH
Food Holdings B.V.’s shareholding fell to 16.81%. The acquisition of the approximately
20.37 million shares increases MIH Food Holdings B.V.’s shareholding by 8.18% to 24.99%
(22.24% on a fully diluted basis) and continues to position the group as the largest shareholder
in Delivery Hero. Prosus acquired the shares with the intention to offset existing and future
dilution incurred from convertible issuances, employee exercises and stock issuance related to
the Woowa transaction. Prosus has no intention to buy any additional shares within the next
twelve months.
Growing its position in online food ordering and delivery is consistent with Prosus’s strategy to
invest in platforms with global potential that offer online marketplace services in high-growth
markets. The increased stake in Delivery Hero adds to the group’s investments in iFood in Latam
and Swiggy in India.
The transaction was funded from existing resources.
Amsterdam, the Netherlands
31 March 2021
JSE sponsor to Prosus
Investec Bank Limited
Enquiries
Investor Enquiries +1 347-210-4305
Eoin Ryan, Head of Investor Relations
Media Enquiries + 31 6 29721038
Sarah Ryan, International Media Relations
About Delivery Hero
Delivery Hero is the world’s leading local delivery platform, operating its service in more than 40 countries across Asia,
Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and
today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the
next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and
often in 10-15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange since
2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visit
www.deliveryhero.com.
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, and payments and fintech
sectors in markets including India, Russia and Brazil. Through its ventures team, Prosus invests in areas including edtech
and health, Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology
to improve people’s daily lives.
Every day, millions of people use the products and services of companies that Prosus has invested in, acquired or built,
including Avito, Brainly, BYJU’S, Bykea, Codecademy, DappRadar, dott, ElasticRun, eMAG, Eruditus, Honor, iFood, Klar,
LazyPay, letgo, Meesho, Movile, OLX, PayU, Red Dot Payment, Remitly, SimilarWeb, Shipper, Skillsoft, SoloLearn,
Swiggy, and Udemy.
Hundreds of millions of people have made the platforms of its associates a part of their daily lives. For listed companies
where we have an interest, please see: Tencent (www.tencent.com; SEHK:00700), Mail.ru (www.corp.mail.ru;
LSE:MAIL), Trip.com Group Limited (“Trip.com”) (NASDAQ:TCOM), and Delivery Hero (www.deliveryhero.com;
Xetra:DHER).
Today, Prosus companies and associates help improve the lives of around a fifth of the world’s population.
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), and is majority owned by Naspers.
For more information, please visit www.prosus.com
Disclaimer
The Share Repurchase is being conducted in accordance with Articles 5(1) and 5(3) of Regulation (EU) No 596/2014 of
the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and
Articles 2 to 4 of Commission Delegated Regulation (EU) 2016/1052 supplementing the Market Abuse Regulation with
regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation
measures (the Delegated Regulation). This document is issued in connection with the disclosure and reporting
obligation set out in Article 2(3), read with article 2(2), of the Delegated Regulation.
Consideration includes transaction costs.
Date: 31-03-2021 05:50:00
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