Ninety One PLC and Ltd - Anglo-South African money manager with headquaters in Cape Town - Forty Two Point Two, a company associated with both Chief Executive Officer Hendrik du Toit and Chief Financial Officer Kim McFarland, buys additional 256,347 shares, between GBP1.85 and GBP1.95 each, worth GBP444,362.07, on Wednesday and Thursday, in London.
Also this week, Forty Two Point Two acquired 280,523 shares on Monday and Tuesday, after purchasing 88,727 stock on at the end of last week. Since June, the company has accumulated around 5.5 million shares in various transactions at prices ranging from GBP1.85 to GBP2.15. Forty Two Point Two is the leading shareholder in Ninety One, owning a 27% stake.
Current stock price London: 185.10 pence, up 0.7% on Friday
12-month change: down 19%
Ninety One Ltd current stock price Johannesburg: ZAR36.58, up 0.2%
12-month change: down 20%
Ninety One PLC current stock price Johannesburg: ZAR37.40, up 0.5%
12-month change: down 20%
By Artwell Dlamini; artwelldlamini@alliancenews.com
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Ninety One (N91)