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IN BRIEF: Investment firm of executives still buying Ninety One stock

11th Sep 2023 14:28

Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two acquires 560,700 shares in Ninety One PLC at an average 167.00 pence for GBP938,369. Transactions took place on Thursday and Friday. Over less than two months, Forty Two Point Two has bought additional 1.96 million shares worth GBP3.4 million.

Forty Two Point Two is wholly owned by the Marathon Trust. Chief Executive Hendrik du Toit and Finance Director Kim McFarland are associated with the trust. Ninety One Assurance Ltd directors Johan Schreuder and Cora Kielblock, and Ninety One Guernsey Ltd directors Adam Fletcher and David McGillveray are also associates of the trust.

Current stock price in London: 167.27 pence, up 1.4% on Monday afternoon

12-month change: down 18%

Current stock price in Johannesburg: ZAR39.43, up 0.2%

12-month change: down 2.3%

By Artwell Dlamini, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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