Naspers CEO sells nearly ZAR 1 bln worth of shares, to re-invest in bonds on open market

Thursday 16 January 2020 | 09:53 CET | News
Naspers CEO Bob van Dijk has received just under ZAR 1 billion from the sale of 414,932 shares in the group, Bloomberg reported, citing a regulatory filing. Van Dijk sold his shares at ZAR 2,400 each, giving a total of ZAR 995.84 million. Naspers said Van Dijk will reinvest most of the resulting funds back into the Naspers group in the form of bonds, which he will buy on the open market. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: MultiChoice / Naspers / Tencent
Countries: Africa
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Naspers warns FY HEPS to drop by 41% amid Covid-19

Published 22 Jun 2020 10:12 CET | Africa
Media and internet group Naspers has warned that its core headline earnings per share (HEPS) for the full year ended 31 March are ...

Naspers commits ZAR 1.5 bln to South Africa's Covid-19 response

Published 31 Mar 2020 11:04 CET | South Africa
Naspers has committed ZAR 1.5 billion in emergency aid to the South African government's response to the Covid-19 crisis. The ...

Naspers raises EUR 1.5 bln from sale of 1.4% stake in Prosus

Published 22 Jan 2020 11:07 CET | World
Naspers has sold 22 million shares, or 1.4 percent, in Prosus, its internet holding company listed on the Euronext Amsterdam ...

Naspers warns of drop in earnings for H1

Published 19 Nov 2019 09:19 CET | Africa
Naspers says it expects headline earnings per share and earnings per share to decrease significantly for the six months ended ...

MultiChoice concludes share exchange offer to Phuthuma Nathi shareholders

Published 04 Nov 2019 09:54 CET | Nigeria
The MultiChoice Group (MCG) has concluded its offer to Phuthuma Nathi (PN) shareholders to exchange up to 20 percent of their PN ...

Naspers shareholders approve listing of consumer internet portfolio Prosus

Published 26 Aug 2019 09:06 CET | World
Naspers has won approval from shareholders to go ahead with the listing if its consumer internet group Prosus. The prospectus has ...

Naspers appoints Mahanyele-Dabengwa as CEO for South Africa

Published 03 Jul 2019 11:27 CET | South Africa
Naspers has announced the appointment of Phuthi Mahanyele-Dabengwa as CEO for South Africa. She will report directly to group CEO ...

Naspers FY revenue up 29% to USD 19 bln

Published 21 Jun 2019 16:08 CET | Africa
Naspers reported revenues up 29 percent to USD 19 billion for the year ended 31 March, from 16.4 billion the year before. The net ...