Stock Groups

Prosus CEO buys around $10 million of company’s shares on open market

by Mike Robinson

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© Reuters. FILEPHOTO: Prosus’ logo is shown on a smartphone. This illustration was taken December 4, 2021. REUTERS/Dado Ruvic/Illustration

AMSTERDAM, (Reuters) – Prosus (OTC) NV’s chief executive, Bob van Dijk has bought approximately $10 million in shares from the open-market, according to a company statement.

Prosus stated that the CEO purchased 122,750 shares at an average of 71.90 euro and was registered with AFM (the Dutch financial market authority).

“Buying more Prosus shares reflects my personal conviction that our businesses have had exceptional momentum and that their value is not at all reflected in the stock,” Van Dijk said in a statement.

Prosus shares are often traded in accordance with Tencent’s 28.9% stake. They have fallen since their February high of 109 euro. On Friday, they closed at 70.95 euro in percentage terms.

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