20 Dec 2021 07:00
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")
CHANGE TO THE COMPOSITION OF BOARD
With effect from 1 April 2022, Mrs Sharmistha Dubey (Shar) (51) will be appointed as an independent non-executive director.
Mrs Dubey holds a Bachelor of Science, Engineering, Indian Institute of Technology, India (1993) and a Master of Science, Engineering from Ohio State University, USA (1996).
Mrs Dubey is currently chief executive officer for Match Group, overseeing growth for the portfolio of brands including Tinder, Match, Meetic, OkCupid, Hinge, Pairs, Plenty of Fish, and OurTime.
She is also a board member and member of the compensation committee for Fortive Corporation. Fortive is an industrial engineering company, that is more focused on hardware driven businesses. They have been on a journey to become a hybrid adding Software/SaaS to their offering.
Mrs Dubey is expected to be classified as an independent non-executive director of Naspers under the King Report IV on Corporate Governance for South Africa, 2016.
CAPE TOWN, SOUTH AFRICA
20 December 2021
JSE sponsor: Investec Bank Limited
For more information contact:
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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 in the country. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24 and PayU, in addition to Media24, South Africa's leading print and digital media business. Naspers is also focused on stimulating South Africa's local tech sector through Naspers Foundry. This is a R1.4 billion investment targeting early stage technology companies in South Africa that seek to address big societal needs. To help address youth unemployment in impoverished communities, in 2019, Naspers launched Naspers Labs, a social impact programme for young, unemployed South Africans aged between 17 and 25. Located in low income, urban settings, Naspers Labs provide a structured development journey enabling young people to enter the economy.
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 has an ADR listing on the London Stock Exchange (LSE: NPSN).For more information, please visit www.naspers.com.