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Employee Benefit Trust of Ninety One plc Acquires £609,213 in Shares | Rateweb
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Employee Benefit Trust of Ninety One plc Acquires £609,213 in Shares

Ninety One Limited and Ninety One plc are two interconnected entities forming a dual listed company structure. This arrangement allows them to trade securities on both the London Stock Exchange (LSE) and the Johannesburg Stock Exchange (JSE), offering investors opportunities across different markets. Let’s delve into the specifics of these companies and their recent dealings in securities.

Employee Benefit Trust and Securities Acquisition

As part of their corporate structure, Ninety One plc operates an Employee Benefit Trust known as the Ninety One Guernsey Employee Benefit Trust. This trust recently engaged in an on-market acquisition of 360,693 ordinary shares of Ninety One plc, totaling £609,213. The transaction occurred on 3 May 2024 in London, with clearance obtained for the purchase.

Transaction Details

Here’s a breakdown of the transaction involving the Employee Benefit Trust:

Description of TransactionDetails
Financial InstrumentOrdinary shares of £0.0001 each (ISIN GB00BJHPLV88)
Nature of TransactionOn-market acquisition
Number of Securities360,693 shares
Volume Weighted Average Price£1.689008
Highest Traded Price£1.6985
Lowest Traded Price£1.664
Total Value of Transaction£609,213
Date of Transaction3 May 2024
Place of TransactionLondon

Analysis and Implications

This acquisition by the Employee Benefit Trust reflects confidence in Ninety One plc’s performance and future prospects. The purchase of a significant number of shares at market prices indicates a belief in the company’s long-term value and growth potential. It also aligns with the trust’s objectives of benefiting employees and stakeholders through share ownership.

Dual Listing Advantages

The dual listing of Ninety One Limited and Ninety One plc offers several advantages to investors and the companies themselves. It provides access to a broader investor base, enhances liquidity, and increases visibility in different markets. For investors, it offers diversification opportunities and the ability to trade shares in multiple currencies and time zones.

Conclusion

Ninety One Limited and Ninety One plc’s dual listed structure, coupled with the recent acquisition of shares by their Employee Benefit Trust, demonstrates a strategic approach to capital markets and investor relations. The transaction reflects confidence in the companies’ performance and underscores their commitment to creating value for shareholders. As they continue to navigate the dynamic landscape of finance and business, their dual listing status positions them well for future growth and opportunities.