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Ninety One's £7.67M Employee Benefit Trust Acquisition Makes Headlines | Rateweb
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Ninety One’s £7.67M Employee Benefit Trust Acquisition Makes Headlines

Ninety One plc and Ninety One Limited recently notified the London and Johannesburg Stock Exchanges of a significant transaction. The Ninety One Guernsey Employee Benefit Trust has acquired over 4.8 million ordinary shares. The transaction details, including the nature and value, are outlined below.

Key Transaction Details

Trust Name: Ninety One Guernsey Employee Benefit Trust

Issuer: Ninety One plc

LEI: 549300G0TJCT3K15ZG14

Share Code: N91

ISIN: GB00BJHPLV88

Transaction Overview

The table below summarizes the transaction details:

DetailInformation
Description of Financial InstrumentOrdinary shares of £0.0001 each
Number of Securities4,846,421
Share Price£1.581732
Aggregate Purchase Consideration£7,665,739
Transaction Date7 June 2024
Transaction PlaceLondon
Clearance ObtainedYes

Nature of the Transaction

The transaction involved an off-market acquisition of 4,846,421 ordinary shares. The aggregate purchase consideration was £7,665,739. This acquisition was done by the Ninety One Guernsey Employee Benefit Trust.

Conclusion

The off-market acquisition of shares by the Ninety One Guernsey Employee Benefit Trust is a significant development. With a total value of £7,665,739, this transaction underscores Ninety One’s commitment to its employees and its strategic outlook. The market will closely watch for any impact on share prices and investor sentiment.