Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two acquires 162,503 shares of Ninety One PLC at 170.00 pence each worth GBP276,255 on Friday last week. Over less than two months, Forty Two Point Two has bought additional 2.70 million shares worth GBP4.6 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: 170.00 pence, down 1.7% on Monday afternoon
12-month change: down 15%
Current stock price in Johannesburg: ZAR39.12, down 1.8%
12-month change: up 1.1%
By Artwell Dlamini, Alliance News reporter
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Ninety One (N91)