Naspers has announced that its proposed share split, approved by shareholders at the Annual General Meeting (AGM) in August 2025, is being finalised. This move is set to make the company's shares more accessible to a wider range of investors.
In a SENS announcement on 15 September, Naspers confirmed that, effective from 6 October 2025, every shareholder will own five Naspers shares for each single share they currently hold.
The primary driver for the share split is the significant appreciation of Naspers' share price over the years. Having listed on the JSE in 1994 at R17.50 per share, the share has seen exceptional growth, recently trading around the R5 900 mark.
While this growth has delivered exceptional returns for long-term shareholders, it has also made owning a single share a substantial investment, potentially excluding many retail investors.
In its official announcement, Naspers stated the rationale clearly: "The Naspers board of directors resolved to implement the Naspers share subdivision with the objective of enhancing accessibility to Naspers’ shares for a broader base of investors, while preserving the existing economic and voting interests of all shareholders."
In practical terms, the fundamental value of an individual's holdings will not change at the moment of the split. While the number of shares each investor owns will increase five times, the price per share will adjust downward proportionally. For example, a single share trading at R5 900 before the split will become five shares trading at approximately R1 180 each immediately after.
The key benefits for shareholders include:
● Increased liquidity: A lower share price makes it easier for investors to buy or sell smaller quantities of shares, allowing for more flexible portfolio management.
● Greater accessibility: The more affordable price point opens the door for new investors who were previously unable to enter the market at such a high price per share.
Shareholders should be aware that on the morning of 6 October, 2025, the share price will appear to have dropped by around 80%. This is a normal, expected adjustment due to the split and not a reflection of a change in the company's market value. Ultimately, the total value of each shareholder's investment will remain the same, simply spread across a larger number of shares.
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** This article was prepared by BROKSTOCK analyst Maboko Seabi
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