2 Aug 2017 14:00
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 REPRESENTING 1 CLASS N ORDINARY SHARE OF ZAR0.02 EACH); FULLY PAID
| 5 AMERICAN DEPOSITARY SHARES (EACH REPRESENTING 1 CLASS N ORDINARY 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