Share Forum - Discuss JSE shares and join the Investor Challenge

I want to keep Nasper, as u still have 75 % of Newco + Takealot ? Am I wrong ?

with the default option you do keep your NPN and get Prosus? don't you?

with the other option, you just get about 37% more NPN and no Prosus

Sorry if this is an idiot question, but...

If I own Naspers and opt to take the Prosus shares when the time comes then the following questions come up:

I get shares which is now domiciled in the Netherlands, how does this affect my will? And tax reporting down the line.

My current broker account only deals with JSE shares, do I need a new broker account which allows me to hold Euronext shares?

I assume because you get the shares, you are not actually moving capital out of ZA - or are you, and then how does that affect your annual allowance (not that I have that many but the question is theoretical)

As for CGT, there is Steinhoff for the offset

the way I understand it, is that you will get Prosus shares that will be listed on the JSE, but are dual listed here with main listing in Amsterdam, so no separate trading account or tax issues

Wasn't this the route that Steinhoff adopted

I have it at 1187.35 per share

Took it from the base cost of my portfolio account with Sanlam P.W.

 

From a tax perspective, it’s important to note that a tax event will be triggered when the M shares are exchanged for
Prosus shares. The M shares are considered to be received for a nil-base cost and then disposed of
for the fair value of the Prosus shares. In other words, the full value of the Prosus shares received will be considered
a taxable gain and subject to capital gains tax (CGT). The taxable gain is expected to be around 27% of the original
Naspers N value (which is the expected market value of Prosus shares to be received).


Yes, you are of course right - I should have said 'opening price'