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IN BRIEF: Investment vehicle of executives up interest in Ninety One

13th Jun 2024 15:00

Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two acquires 282,775 shares at an average 158.30 pence each, worth around GBP447,476, from Friday last week to Wednesday. As of March 3, Forty Two Point Two was the largest shareholder, owning around 29% on Ninety One. Forty Two Point Two is the 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: 163.10 pence, up 0.6% on Thursday afternoon

12-month change: down 7.9%

Current stock price in Johannesburg: ZAR37.85, down 0.5%

12-month change: down 9.6%

By Artwell Dlamini, Alliance News reporter

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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