| Thu 23 Aug 2007, 10:45 | | NPN - Naspers - Receives Listing Approval for Lond |
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NPN
NPN
NPN - Naspers - Receives Listing Approval for London Stock Exchange
Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
share code: NPN & ISIN Code: ZAE000015889
("Naspers" or the "Company" or the "Group
Naspers Limited Receives Listing Approval for London Stock Exchange
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY
OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
This announcement does not constitute an offer of securities to the public in
the United Kingdom. This communication is directed only at (i) persons who are
outside the United Kingdom or (ii) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) (the `FP Order`) and (iii) high net worth
companies, unincorporated associations etc. and other persons to whom it may
lawfully be communicated, falling within Article 49(2) of the FP Order (all such
persons together being referred to as `relevant persons`). Any investment
activity to which this communication relates will only be available to and will
only be engaged in with, relevant persons. Any person who is not a relevant
person should not act or rely on this document or any of its contents.
This announcement does not constitute or form part of any offer or invitation to
sell or issue, or any solicitation of any offer to purchase or subscribe for,
any american depository shares or other securities of Naspers, nor shall any
part of it nor the fact of its distribution form part of or be relied on in
connection with any contract or investment decision relating thereto, nor does
it constitute a recommendation regarding the securities of Naspers.
South Africa, 23 August 2007 - Naspers Limited (JSE: NPN, LSE: NPSN) today
announced it has received approval to list its American Depositary Shares (ADS)
on the London Stock Exchange (LSE). The purpose of the listing is to provide a
platform for international investors who wish to trade in Naspers N Ordinary
Shares other than on the JSE Limited (JSE) (the securities exchange in South
Africa).
On 8 June 2007 Naspers voluntarily delisted its shares from the NASDAQ Global
Market (NASDAQ) and terminated its registration of the ADSs (which are evidenced
by American Depositary Receipts (ADRs)) with the US Securities and Exchange
Commission. Naspers has converted its current ADR programme into a Level I ADR
programme to give current ADR holders the option to continue to hold ADRs.
Level I ADRs are traded in the US over-the-counter ("OTC") market as opposed to
on a US national securities exchange.
23 August 2007
Contact details:
Beverley Branford
+27 21 406 4824
+27 83 500 8012
bbranford@naspers.com
Important legal information:
This press release contains forward-looking statements. While these forward-
looking statements represent our judgements and future expectations, a number of
risks, uncertainties and other important factors could cause actual developments
and results to differ materially from our expectations. These factors include,
but are not limited to key factors that could adversely affect our businesses
and financial performance. Naspers is not under any obligation to (and expressly
disclaims any obligations to) update or alter its forward-looking statements
whether as a result of new information, future events or otherwise.
About Naspers:
Naspers is a multinational media company with principal operations in electronic
media (including pay-television, internet and instant-messaging subscriber
platforms and the provision of related technologies) and print media (including
the publishing, distribution and printing of magazines, newspapers and books,
and the provision of private education services). Naspers` most significant
operations are located in South Africa, where it generates most of its revenues,
with other operations located elsewhere in Sub-Saharan Africa, Greece, China,
Brazil, Russia, India, the Netherlands, the United States and Thailand. Naspers
creates media content, builds brand names around it, and manages the platforms
distributing the content. Naspers delivers its content in a variety of forms and
through a variety of channels, including television platforms, internet
services, newspapers, magazines and books.
Date: 23/08/2007 10:45:01 Produced by the JSE SENS Department.
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