Last checked at 8 Aug 2023 16:00
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 plc Incorporated 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 in interests in Ninety One plc and Ninety One Limited shares (whether direct, indirect, beneficial or non-beneficial) by relevant Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them, prescribed officers, companies 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.
On 07 August 2023 the individuals set out below reduced their participatory interests in the Marathon Trust. The Marathon Trust is a long-term share ownership vehicle established to enable key employees of Ninety One to collectively participate in an indirect equity shareholding in Ninety One. The participatory interests in the Marathon Trust are not listed or traded on a trading venue or any other exchange. The Marathon Trust is the sole shareholder of Forty Two Point Two. Forty Two Point Two owns shares in Ninety One plc and Ninety One Limited. The reduction is equivalent to an interest of 0.0330% of Ninety One shares for Adam Fletcher and 0.0128% of Ninety One shares for Cora Kielblock. This transaction does not result in the sale of any Ninety One shares by Forty Two Point Two. Where applicable, clearance to deal in terms of paragraph 3.66 of the JSE Listings Requirements has been obtained.
1 | Details of the person discharging managerial responsibilities / person closely associated / associate | |||||
a) | Legal person | Adam Fletcher | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director of a major subsidiary of the Company | ||||
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
| Net sale of participatory interests in the Marathon Trust to cover taxes due on the vesting of certain participatory interests in the Marathon Trust. | ||||
c)
| Price(s) and volume(s)
|
The net participatory interests sold under the transaction represent an indirect interest of 0.0386% of the ordinary shares in Ninety One plc. | ||||
d)
| Aggregated information - Aggregated volume - Price |
N/A N/A | ||||
e) | Date of the transaction | 07 August 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated / associate | |||||
a) | Legal person | Adam Fletcher | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director of a major subsidiary of the Company | ||||
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 Limited | ||||
b) | LEI | 2138006NUUFPDXHSUP38 | ||||
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 no par value ZAE000282356 | ||||
b)
| Nature of the transaction
| Net sale of participatory interests in the Marathon Trust to cover taxes due on the vesting of certain participatory interests in the Marathon Trust. | ||||
c)
| Price(s) and volume(s)
|
The net participatory interests sold under the transaction represent an indirect interest of 0.0212% of the ordinary shares in Ninety One plc. | ||||
d)
| Aggregated information - Aggregated volume - Price |
N/A N/A | ||||
e) | Date of the transaction | 07 August 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated / associate | |||||
a) | Legal person | Cora Kielblock | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director of a major subsidiary of the Company | ||||
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
| Net sale of participatory interests in the Marathon Trust to cover taxes due on the vesting of certain participatory interests in the Marathon Trust. | ||||
c)
| Price(s) and volume(s)
|
The net participatory interests sold under the transaction represent an indirect interest of 0.0150% of the ordinary shares in Ninety One plc. | ||||
d)
| Aggregated information - Aggregated volume - Price |
N/A N/A | ||||
e) | Date of the transaction | 07 August 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated / associate | |||||
a) | Legal person | Cora Kielblock | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director of a major subsidiary of the Company | ||||
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 Limited | ||||
b) | LEI | 2138006NUUFPDXHSUP38 | ||||
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 no par value ZAE000282356 | ||||
b)
| Nature of the transaction
| Net sale of participatory interests in the Marathon Trust to cover taxes due on the vesting of certain participatory interests in the Marathon Trust. | ||||
c)
| Price(s) and volume(s)
|
The net participatory interests sold under the transaction represent an indirect interest of 0.0083% of the ordinary shares in Ninety One plc. | ||||
d)
| Aggregated information - Aggregated volume - Price |
N/A N/A | ||||
e) | Date of the transaction | 07 August 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Date of release: 08 August 2023
JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd