Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two acquires 1.7 million shares in Ninety One PLC for 173 pence each, worth £3.0 million, on Thursday and Friday. As at July 2, Forty Two Point Two owned around 29% of Ninety One, making it the leading shareholder. Forty Two Point Two is the 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 Malcolm Gray, and Ninety One Guernsey Ltd director Adam Fletcher also are associates of the trust.
Current stock price in London: 173.90 pence, down 1.5% on Monday afternoon
12-month change: up 3.3%
Current stock price in Johannesburg: R 40.97, up 0.2%
12-month change: up 2.3%
Copyright 2024 Alliance News Ltd. All Rights Reserved.