15th Jul 2024 13:06
Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two acquires 1.7 million shares in Ninety One PLC for 173 pence each, worth GBP3.0 million, on Thursday and Friday. As at July 2, Forty Two Point Two owned around 29% of Ninety One, making it the leading shareholder. 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 Malcolm Gray, and Ninety One Guernsey Ltd director Adam Fletcher also are associates of the trust.
Current stock price in London: 173.90 pence, down 1.5% on Monday afternoon
12-month change: up 3.3%
Current stock price in Johannesburg: ZAR40.97, up 0.2%
12-month change: up 2.3%
By Artwell Dlamini, Alliance News reporter
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