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Ninety One Ltd.’s Employee Benefit Trust Secures 50K Shares, Demonstrating Confidence in Company’s Potential

Ninety One Limited
  • Ninety One Limited’s employee benefit trust acquires 50,000 ordinary shares for R2,073,645.
  • The transaction was disclosed to the London Stock Exchange (LSE) and the Johannesburg Stock Exchange (JSE) in compliance with regulatory requirements.
  • The acquisition demonstrates the trust’s confidence in Ninety One Limited’s performance and long-term prospects.

Ninety One Limited, the dual-listed investment management company, announced that its employee benefit trust, The Ninety One South Africa Employee Benefit Trust, has recently completed the acquisition of 50,000 ordinary shares through an on-market transaction. The total value of the purchase amounted to R2,073,645.

In compliance with the Listings Requirements of the JSE Limited, Ninety One Limited has notified both the London Stock Exchange (LSE) and the Johannesburg Stock Exchange (JSE) about the details of the transaction.

The acquisition involved ordinary shares with the identification code ZAE000282356, which hold no par value. The employee benefit trust acquired the shares at an average price of R41.472868 per share. The highest traded price during the transaction reached R41.50, while the lowest traded price stood at R41.36.

The transaction was successfully completed on June 5, 2023, in Johannesburg, after obtaining the necessary clearance required by regulatory authorities.

Ninety One Limited, registered on October 18, 2019, with the registration number 2019/526481/06, holds the JSE share code NY1 and the International Securities Identification Number (ISIN) ZAE000282356. The company operates under a dual listed company structure alongside Ninety One plc, incorporated in England and Wales, which carries the JSE share code N91 and the LSE share code N91. The ISIN for Ninety One plc is GB00BJHPLV88.

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