IN BRIEF: Investment vehicle of executives raises stake in Ninety One

Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two buys ...

Alliance News 21 August, 2023 | 3:18PM
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Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two buys 241,974 shares in Ninety One PLC at an average 1.66 pence each, worth GBP398,495 on Thursday and Friday. This month, Forty Two Point Two has purchased additional 498,294 shares for

The aggregate value of transactions is GBP470,269. This month, Forty Two Point Two has bought 214,999 shares for GBP828,197.

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: 165.80 pence, up 1.0% on Monday

12-month change: down 18%

Current stock price in Johannesburg: ZAR39.80, down 1.2%

12-month change: down 2.6%

By Artwell Dlamini, Alliance News reporter

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