Ninety One Employee Benefit Trust Acquires £299,600 in Shares

  • Ninety One Guernsey Employee Benefit Trust acquired 176,860 ordinary shares of Ninety One plc for £299,600.
  • The transaction took place on 5 July 2024 at an average price of £1.693995 per share.
  • The acquisition reflects confidence in Ninety One plc’s future performance and potential market appreciation.

Ninety One Limited

Ninety One plc, a dual-listed company on the London and Johannesburg Stock Exchanges, announced a significant share acquisition by its Employee Benefit Trust. The trust, known as Ninety One Guernsey Employee Benefit Trust, completed the on-market purchase of 176,860 ordinary shares.

Transaction Details

The shares were acquired at a total value of £299,600. The transaction, which took place on 5 July 2024, reflects the trust’s confidence in Ninety One plc’s future performance.

DetailsValue
Number of Securities176,860
Volume Weighted Average Price£1.693995
Highest Traded Price£1.70
Lowest Traded Price£1.674
Total Value of Transaction£299,600
Date of Transaction5 July 2024
Place of TransactionLondon
Clearance ObtainedYes

Share Performance Analysis

The acquisition was executed at a volume-weighted average price of £1.693995. The highest traded price during this period was £1.70, and the lowest was £1.674. These prices provide insight into the market’s valuation of Ninety One plc at the time of the transaction.

Conclusion

The recent acquisition of 176,860 ordinary shares by Ninety One Guernsey Employee Benefit Trust, valued at £299,600, underscores the trust’s confidence in Ninety One plc. This development, alongside the company’s strategic initiatives, will be closely monitored by investors and shareholders.


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