Ninety One plc, a dual-listed company on the London and Johannesburg Stock Exchanges, announced a significant share acquisition by its Employee Benefit Trust. The trust, known as Ninety One Guernsey Employee Benefit Trust, completed the on-market purchase of 176,860 ordinary shares.
Transaction Details
The shares were acquired at a total value of £299,600. The transaction, which took place on 5 July 2024, reflects the trust’s confidence in Ninety One plc’s future performance.
| Details | Value |
|---|---|
| Number of Securities | 176,860 |
| Volume Weighted Average Price | £1.693995 |
| Highest Traded Price | £1.70 |
| Lowest Traded Price | £1.674 |
| Total Value of Transaction | £299,600 |
| Date of Transaction | 5 July 2024 |
| Place of Transaction | London |
| Clearance Obtained | Yes |
Share Performance Analysis
The acquisition was executed at a volume-weighted average price of £1.693995. The highest traded price during this period was £1.70, and the lowest was £1.674. These prices provide insight into the market’s valuation of Ninety One plc at the time of the transaction.
Conclusion
The recent acquisition of 176,860 ordinary shares by Ninety One Guernsey Employee Benefit Trust, valued at £299,600, underscores the trust’s confidence in Ninety One plc. This development, alongside the company’s strategic initiatives, will be closely monitored by investors and shareholders.
