Slaughter and May advised Naspers Limited on the increase of its ADS limit

Slaughter and May advised Naspers Limited (Naspers) on the increase of its limit to trade American depositary shares representing interests in the N ordinary shares of Naspers (the ADSs) on the Main Market of the London Stock Exchange (LSE).  Up to 182,540,135 additional ADSs were admitted to the Official List of the Financial Conduct Authority and to trading on the LSE on 22 November 2017 and, following admission, Naspers is authorised to list and to trade up to 219,328,029 ADSs in total.

Slaughter and May supported Naspers’ in-house legal team which was led by its General Counsel, David Tudor.