Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two acquires 1.2 million shares in Ninety One PLC for an average 1.67 pence each worth GBP2.1 million in various transactions on Tuesday and Wednesday.
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: 162.90 pence, down 0.7% on Thursday
12-month change: down 30%
Current stock price in Johannesburg: ZAR38.53, up 0.2%
12-month change: down 6.7%
By Artwell Dlamini, Alliance News reporter
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Ninety One (N91)