Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two acquires 172,235 shares of Ninety One PLC at around 175.50 pence each, worth GBP301,490, on Wednesday. Over around six months, this investment vehicle has bought additional 3.7 million shares worth GBP6.2 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: 178.90 pence, up 1.3% on Thursday afternoon
12-month change: down 9.5%
Current stock price in Johannesburg: ZAR42.13, up 1.7%
12-month change: up 1.7%
By Artwell Dlamini, Alliance News reporter
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Ninety One (N91)