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Naspers shareholder Excelsia unimpressed by Prosus response

By David Whitehouse
Posted on Friday, 11 June 2021 15:33

naspers
Naspers CEO Bob van Dijk in Johannesburg, South Africa, October 9, 2019. REUTERS/Siphiwe Sibeko

The response by Prosus to news that 35 institutional investors of South African media conglomerate Naspers are protesting the company’s share swap with its Amsterdam-listed unit has failed to win over dissident shareholder Excelsia Capital.

“The board remains committed, and management is incentivised, to continue to take action to address the discount” to net asset value (NAV) of Naspers and Prosus shares, Prosus said in a statement on 10 June.