(Correcting that Forty Two Point Two buys shares, not individual executives)
Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two buys around 1.66 million shares in Ninety One PLC, worth about GBP3.3 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 director Johan Schreuder, Ninety One Guernsey Ltd director Adam Fletcher and Ninety One Guernsey Ltd director David McGillveray are also associates of the trust. Transactions took place from Monday to Friday last week. Forty Two Point Two paid between GBP1.966 and GBP1.995 for each of these shares.
Current stock price in London: 190.00 pence, down 5.6% on Thursday
12-month change: down 27%
Current stock price in Johannesburg: ZAR41.10, up 3.1%
12-month change: down 23%
By Artwell Dlamini; artwelldlamini@alliancenews.com
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Ninety One (N91)