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:
| Detail | Information |
|---|---|
| Description of Financial Instrument | Ordinary shares of £0.0001 each |
| Number of Securities | 4,846,421 |
| Share Price | £1.581732 |
| Aggregate Purchase Consideration | £7,665,739 |
| Transaction Date | 7 June 2024 |
| Transaction Place | London |
| Clearance Obtained | Yes |
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.