The latest announcement is out from Prosus ( (PROSF) ).
Prosus has announced an update to its open-ended repurchase programme, which involves buying back ordinary shares from its free-float shareholders. Between February 24 and February 28, 2025, the company repurchased over 6.5 million shares at an average price of €42.5247 per share, totaling approximately €278 million. This move is part of Prosus’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Prosus
Prosus is a global technology company focused on unlocking an AI-first world for its 2 billion customers. With investments in over 100 companies worldwide, it is building local ecommerce champions in growth markets. Prosus holds leading positions in industries such as Food Delivery, Classifieds, and Fintech, and has created a unique technology ecosystem that fosters innovation and growth. Through Prosus Ventures, the company invests in new technology growth opportunities across various sectors, including AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, and agriculture.
YTD Price Performance: 9.00%
Average Trading Volume: 75,825
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $101.7B
See more data about PROSF stock on TipRanks’ Stock Analysis page.
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