Prosus sold 726,900 ordinary Tencent shares July 24

Prosus sold 726,900 ordinary Tencent shares July 24

Title: Prosus Reduces Tencent Stake through Repurchase Program

Prosus NV, a global consumer internet group, has recently announced an update to its ongoing repurchase program, leading to a reduction in its ownership stake in Tencent. On Thursday, July 24, 2025, Prosus sold 726,900 ordinary shares in Tencent, bringing its total ownership in the company to 23.00326%. The following day, Prosus sold an additional 405,200 shares, further reducing its stake to 22.99883% [1].

This repurchase program is part of Prosus's strategic management of its investment portfolio. The company, which is majority-owned by Naspers, has been actively repurchasing shares to manage its stake in Tencent. The program continues on the same basis as before with no modifications [2].

The reduction in Prosus's stake in Tencent comes as part of the company's ongoing efforts to align its investment portfolio with its strategic objectives. The repurchase program allows Prosus to maintain control over its shareholding and manage its exposure to specific investments.

Prosus's repurchase program is conducted in accordance with European Union regulations on market abuse. The company is required to make a Disclosure of Interest notification to the Stock Exchange of Hong Kong Limited whenever its shareholding percentage in Tencent crosses over a whole percentage number [1].

For more information on Prosus and its repurchase program, investors can visit the company's official website at www.prosus.com.

References
[1] https://www.tradingview.com/news/reuters.com,2025-07-28:newsml_RSb8261Sa:0-reg-prosus-nv-naspers-limited-transaction-in-own-shares/
[2] https://www.tipranks.com/news/company-announcements/prosus-updates-repurchase-program-reduces-tencent-stake