Naspers vows to press ahead with share swap, saying minority shareholder concerns are being addressed

14 June 2021

Peter Takaendesa, head of equities at Mergence Investment Managers adds that while some of their concerns have been addressed, there are some corporate governance aspects of the proposed transaction that remain unresolved. We still do not have visibility on how some of the governance matters will be addressed. We will continue to engage on those matters and we hope the Prosus EGM coming up in July will provide another platform for all stakeholders to engage further.