Tag: Euronext Amsterdam stock exchange
Amendments to the regulation of primary and secondary listings
On 5 November, the JSE Limited (JSE) announced amendments to its Listings Requirements to strengthen the regulation of primary listings and secondary listings. The amendments follow an extensive consultation process with the market and the public that kicked off in September 2018 after the JSE released a consultation paper (Paper) on "possible regulatory responses to recent events surrounding listed issuers and trading in their shares" (click here to read the e-alert on the Paper).
Naspers capitalisation could be taxing
SA investors taking up stock in Prosus when it lists next month may be liable for capital gains tax. Naspers has cautioned investors on the tax implications ahead of next month's listing of its international assets in Amsterdam.
Naspers prepares for $100 billion Prosus listing
Naspers says the top 10 consumer internet giant will have an estimated market capitalisation of $100 billion on day one. Naspers says Prosus will have a market capitalisation of about $100 billion when it lists the business housing its international internet businesses on Euronext Amsterdam next month. Releasing its prospectus ahead of the 11 September flotation, the group said its international assets, currently housed in Myriad International, made it one of the top 10 largest consumer interest groups in the world, with businesses and investments serving more than 1.5 billion people in 89 markets. It claims to be market leader in 77 of those.
Naspers prepares investors for global listing
The internet giant aims to list its international internet assets on Euronext Amsterdam on 11 September. Naspers shareholders get to vote next month on the internet giant’s plan to list its international business on the Euronext Amsterdam stock exchange. It posted a circular to shareholders on Friday convening a general meeting for 23 August.
Naspers delays Euronext listing after postage blunder
The group now expects to list its international internet assets on Euronext Amsterdam in September. Naspers has delayed the listing of its international internet assets on the Euronext Amsterdam stock exchange after an external service provider labelled a circular to shareholders incorrectly. The circular included a notice to shareholders convening a general meeting next Friday to approve the listing. In the printing process, the names of some shareholders were paired with the wrong addresses, which it said could have led to confusion.
