Information  X 
Enter a valid email address

Naspers Limited (NPSN)

  Print      Mail a friend

Friday 29 September, 2017

Naspers Limited

CORRECTION OF THE APPORTIONMENT RATIO FOR SA TAX

RNS Number : 3048S
Naspers Limited
29 September 2017
 

Naspers Limited

(Incorporated in the Republic of South Africa)
Registration number: 1925/001431/06
Share code: NPN

ISIN: ZAE000015889

("Naspers")

CORRECTION OF THE APPORTIONMENT RATIO FOR SOUTH AFRICAN INCOME TAX PURPOSES IN RESPECT OF THE NOVUS UNBUNDLING

Naspers "N" shareholders ("Shareholders") are referred to the announcement released on SENS on Thursday, 21 September 2017 regarding the apportionment of the tax cost for South African income tax purposes in respect of the unbundling of Novus Holdings Limited ("Novus") shares ("Unbundling"). 

Shareholders are hereby advised that the revised apportionment ratio is as follows, 99.93372% to a Naspers "N" share held after the Unbundling and 0.06628% to an unbundled Novus share. ("Apportionment Ratios").

The Apportionment Ratios are based on the closing price of R2 972.44 per Naspers "N" share and R5.70 per Novus share on Wednesday, 20 September 2017.

THIS ANNOUNCEMENT IS NOT INTENDED TO BE A COMPLETE ANALYSIS OF THE TAX IMPLICATIONS OF THE UNBUNDLING. IT IS NOT INTENDED TO BE, NOR SHOULD IT BE CONSIDERED TO BE, LEGAL OR TAX ADVICE. NASPERS SHAREHOLDERS ARE ADVISED TO CONSULT THEIR OWN PROFESSIONAL TAX ADVISORS ON THE TAXATION CONSEQUENCES OF THE UNBUNDLING IN BOTH SOUTH AFRICA AND THEIR JURISDICTION OF RESIDENCE AND THE CALCULATION OF THEIR COSTS FOR TAXATION PURPOSES.

Cape Town

 

29 September 2017

 

Financial advisor and sponsor
Investec Bank Limited

 

Legal advisors

Glyn Marais Inc.

Werksmans Inc.

 

Tax advisors

PricewaterhouseCoopers Tax Services Proprietary Limited

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSEAFLUFWSEIU

a d v e r t i s e m e n t