Ninety One Limited’s Employee Benefit Trust Bolsters Position through On-Market Share Acquisitions

  • The Ninety One South Africa Employee Benefit Trust, part of Ninety One Limited, has conducted on-market acquisitions of ordinary shares.
  • The acquisitions strengthen the trust's position within Ninety One Limited, showcasing its commitment to aligning interests with the company.
  • Transactions were conducted in compliance with the Listings Requirements of the JSE Limited, receiving clearance in Johannesburg.
Ninety One

In a move to further solidify its position within Ninety One Limited, The Ninety One South Africa Employee Benefit Trust, has recently conducted a series of on-market acquisitions of ordinary shares. These transactions, carried out in compliance with the Listings Requirements of the JSE Limited, highlight the trust’s commitment to align its interests with the company’s growth objectives.

On June 20, 2023, the Employee Benefit Trust acquired 12,159 ordinary shares at a volume weighted average price of R41.50. The total value of this transaction amounted to R504,598.50. The trust received clearance for this acquisition, which took place in Johannesburg, the financial hub of South Africa.

Continuing its strategic acquisition strategy, the trust executed another transaction on June 21, 2023. This time, it acquired 48,219 ordinary shares at a volume weighted average price of R40.9604. The highest traded price during this transaction reached R41.15, while the lowest traded price was R40.60. The total value of this acquisition was R1,975,069.53. Once again, clearance for the transaction was obtained in Johannesburg.

On June 22, 2023, the trust further strengthened its holdings by acquiring 21,845 ordinary shares at a volume weighted average price of R40.4111. The highest traded price during this transaction stood at R40.55, with the lowest traded price recorded at R40.23. The total value of this acquisition amounted to R882,780.48. Similar to the previous transactions, the trust received clearance for this acquisition in Johannesburg.

The Employee Benefit Trust’s acquisitions underscore its commitment to aligning its interests with those of Ninety One Limited. By actively engaging in on-market acquisitions, the trust demonstrates its confidence in the future prospects of the company and its belief in the value of the ordinary shares.

Ninety One Limited, which operates under the JSE share code “NY1” and ISIN “ZAE000282356,” is incorporated in the Republic of South Africa. The company’s dual-listed structure also includes Ninety One plc, incorporated in England and Wales, with the JSE share code “N91” and ISIN “GB00BJHPLV88.” This structure enables Ninety One Limited to notify both the London and Johannesburg Stock Exchanges of its activities and maintain a global presence.

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