Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two continues to buy Ninety One PLC shares in September, purchasing 60,000 stock at an average 1.69 pence worth GBP101,000 on Monday and Wednesday. Last month, Forty Two Point Two bought 1.9 million shares for 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 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: 167.40 pence, down 1.4% on Thursday afternoon
12-month change: down 14%
Current stock price in Johannesburg: ZAR39.82, down 1.6%
12-month change: up 5.2%
By Artwell Dlamini, Alliance News reporter
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Ninety One (N91)