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LONDON - Ninety One plc, a global asset management group dual-listed in London and Johannesburg, reported an on-market acquisition of shares by its Guernsey Employee Benefit Trust. The transaction involved the purchase of 79,810 ordinary shares at a volume weighted average price of £1.492325, with the highest and lowest traded prices being £1.55 and £1.44 respectively.
The total value of the transaction, which took place on January 17, 2025, amounted to £119,102. This move is in alignment with the Listings Requirements of the JSE Limited, which mandates disclosure for compliance purposes. The shares, identified by ISIN GB00BJHPLV88, are ordinary shares of £0.0001 each.
The acquisition was completed in London, and all necessary clearances for the transaction were obtained. This event is part of the ongoing financial activities within the dual-listed company structure of Ninety One plc and Ninety One Limited, which operate under the JSE share codes NY1 and N91, respectively.
This transaction reflects the internal financial arrangements of Ninety One as it pertains to employee benefit schemes, a common practice for publicly traded companies to incentivize and align the interests of their employees with those of the company and its shareholders.
The information about this dealing in securities by the Employee Benefit Trust has been provided following the regulatory standards and is based on a press release statement. It is important for investors to note such transactions as they can sometimes provide insights into a company's performance and how it manages employee incentives. However, these transactions are a regular part of company operations and may not necessarily indicate significant changes or developments within the company itself.
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