Author Topic: Naspers (NPN) - reaching all time high?  (Read 37011 times)

Bundu

  • Full Member
  • ***
  • Posts: 174
  • Karma: +3/-0
    • View Profile
Re: Naspers (NPN) - reaching all time high?
« Reply #90 on: July 10, 2019, 03:30:46 pm »
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
Last Edit: Tomorrow at 06:13:55 PM by Bundu

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4467
  • Karma: +28/-3
    • View Profile
Re: Naspers (NPN) - reaching all time high?
« Reply #91 on: July 10, 2019, 04:38:57 pm »
True, but Naspers will still own 75% of Prosus.
jaDEB

Trust me, you get what you give - 2019

Johann Groenewald

  • I've just arrived
  • *
  • Posts: 3
  • Karma: +0/-0
    • View Profile
Re: Naspers (NPN) - reaching all time high?
« Reply #92 on: July 17, 2019, 03:53:01 pm »
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 :LHST:

Bundu

  • Full Member
  • ***
  • Posts: 174
  • Karma: +3/-0
    • View Profile
Re: Naspers (NPN) - reaching all time high?
« Reply #93 on: July 17, 2019, 05:08:51 pm »
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
Last Edit: Tomorrow at 06:13:55 PM by Bundu

gcr

  • Hero Member
  • *****
  • Posts: 963
  • Karma: +27/-1
    • View Profile
Re: Naspers (NPN) - reaching all time high?
« Reply #94 on: July 17, 2019, 06:40:01 pm »
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 :LHST: :LHST:
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein