Last checked at 3 Jul 2020 12:00
Ninety One Limited Incorporated in the Republic of South Africa Registration number 2019/526481/06 Date of registration: 18 October 2019 JSE share code: NY1 ISIN: ZAE000282356 | Ninety One plcIncorporated in England and Wales Registration number 12245293 Date of registration: 4 October 2019 LSE share code: N91 JSE share code: N91 ISIN: GB00BJHPLV88 |
Notification of transactions by relevant Directors, Persons Discharging Managerial Responsibilities and persons closely associated with them, prescribed officers, company secretaries and associates
As part of the dual listed company structure, Ninety One plc and Ninety One Limited (together "Ninety One") notify both the London and Johannesburg Stock Exchanges of those interests (and changes to those interests) of (i) directors of both entities and the respective company secretaries and such persons' respective associates and persons closely associated with them, (ii) prescribed officers and persons discharging managerial responsibilities ("PDMRs") and such persons' respective associates and persons closely associated with them, and (iii) in certain instances the directors and company secretaries of major subsidiaries of Ninety One and such persons' respective associates, in the securities of Ninety One plc and Ninety One Limited which are required to be disclosed under Article 19 of the Market Abuse Regulation (Regulation 596/2014) ("MAR"), the Listing Rules, and the Disclosure Guidance and Transparency Rules of the FCA and/or the JSE Listings Requirements.
Disposal of shares by a director
In order to settle tax liabilities resulting from the release of shares that were previously granted to him by Investec in June 2019 as part of a short term incentive award as an executive director of Investec plc and Investec Limited, Fani Titi disposed of the following shares in Ninety One plc on 1 July 2020. Clearance was obtained for the below dealing in securities.
1 | Details of the person discharging managerial responsibilities / person closely associated / associate | |||||
a) | Legal person | Fani Titi | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Ninety One plc | ||||
b) | LEI | 549300G0TJCT3K15ZG14 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of GBP0.0001 each GB00BJHPLV88 | ||||
b)
| Nature of the transaction
| On market sale of shares following the release of shares previously granted by Investec. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price |
11,084 GBP 2.08 | ||||
e) | Date of the transaction | 1 July 2020 | ||||
f) | Place of the transaction | London | ||||
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements we disclose the following additional information:
Volume weighted average price | £2.08 per share |
Total value of transaction | £23,143.39 |
Highest price | £2.08 |
Lowest price | £2.08 |
Nature of interest | Direct beneficial |
Date of release: 3 July 2020
JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd