Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two acquires 510,221 of Ninety One PLC at 170.80 pence each, worth GBP871,457, on Friday last week. Over around five months, this investment vehicle has bought additional 3.2 million shares worth GBP5.3 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 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: 172.90 pence, up 0.2% on Monday afternoon
12-month change: down 8.0%
Current stock price in Johannesburg: ZAR41.66, up 1.1%
12-month change: up 41%
By Artwell Dlamini, Alliance News reporter
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Ninety One (N91)