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BRIEF-Naspers gives update on Novus unbundling
September 21, 2017 / 9:18 AM / 3 months ago

BRIEF-Naspers gives update on Novus unbundling

Sept 21 (Reuters) - Naspers Ltd:

* APPORTIONMENT OF TAX COST FOR SOUTH AFRICAN INCOME TAX PURPOSES IN RESPECT OF UNBUNDLING

* “UNBUNDLING WAS IMPLEMENTED IN TERMS OF SECTION 46 OF COMPANIES ACT NO 71 OF 2008 AND SECTION 46 OF INCOME TAX ACT NO 58 OF 1962”

* NASPERS LTD - APPORTIONMENT RATIOS ARE BASED ON CLOSING PRICE OF R2 972.44 PER NASPERS “N” SHARE AND R5.70 PER NOVUS SHARE ON 20 SEPTEMBER 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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