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IN BRIEF: Vehicle of executives buys more Ninety One shares

1st Feb 2024 15:31

Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two acquires 848,148 shares in Ninety One PLC at GBP176.00 each, worth GBP1.5 million, on Tuesday. Over around six months, this investment vehicle has bought additional 3.96 million shares worth GBP6.66 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: 174.40 pence, down 1.2% on Thursday afternoon

12-month change: down 12%

Current stock price in Johannesburg: ZAR41.01, down 1.2%

12-month change: down 4.9%

By Artwell Dlamini, Alliance News reporter

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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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