REG - Ninety One PLC - Director/PDMR Shareholding

InvestecAnnouncement

20/03/2020 08:12

RNS Number : 8587G
  
Ninety One PLC
  
20 March 2020
  
 




 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



 
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.
Notification of transactions by relevant Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them, prescribed officers, companies secretaries and associates
 



1 


Details of the person discharging managerial responsibilities / person closely associated / associate




a) 


Legal person


Hendrik du Toit
 




2 


Reason for the notification 




a) 


Position/status


Director/PDMR




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 
 


Acquisition of 302,370 ordinary shares for nil consideration arising as a consequence of the Ninety One demerger, and as described in the Ninety One prospectus.




c) 
 


Price(s) and volume(s) 
 
 









 Price(s)


Volume(s)




Nil


302,370



 
 




d) 
 


Aggregated information 
- Aggregated volume 
- Price 


N/A




e) 


Date of the transaction  


18 March 2020




f)


Place of the transaction 


Johannesburg



 



1 


Details of the person discharging managerial responsibilities / person closely associated / associate




a) 


Legal person


Kim McFarland




2 


Reason for the notification 




a) 


Position/status


Director/PDMR




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 
 


Acquisition of 3,772 ordinary shares for nil consideration arising as a consequence of the Ninety One demerger, and as described in the Ninety One prospectus.




c) 
 


Price(s) and volume(s) 
 
 









 Price(s)


Volume(s)




Nil


3,772



 
 




d) 
 


Aggregated information 
- Aggregated volume 
- Price 


N/A




e) 


Date of the transaction  


18 March 2020




f)


Place of the transaction 


Johannesburg



 




 
 



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/PDMR of a major subsidiary




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 
 


Acquisition of 5,157 ordinary shares for nil consideration arising as a consequence of the Ninety One demerger, and as described in the Ninety One prospectus.




c) 
 


Price(s) and volume(s) 
 
 









 Price(s)


Volume(s)




Nil


5,157



 
 




d) 
 


Aggregated information 
- Aggregated volume 
- Price 


N/A




e) 


Date of the transaction  


18 March 2020




f)


Place of the transaction 


Johannesburg



 
 



1 


Details of the person discharging managerial responsibilities / person closely associated / associate




a) 


Legal person


Ademola Animashahun




2 


Reason for the notification 




a) 


Position/status


Director/PDMR of a major subsidiary




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 
 


Acquisition of 15,065 ordinary shares for nil consideration arising as a consequence of the Ninety One demerger, and as described in the Ninety One prospectus.




c) 
 


Price(s) and volume(s) 
 
 









 Price(s)


Volume(s)




Nil


15,065



 
 




d) 
 


Aggregated information 
- Aggregated volume 
- Price 


N/A




e) 


Date of the transaction  


18 March 2020




f)


Place of the transaction 


Johannesburg



 
 



1 


Details of the person discharging managerial responsibilities / person closely associated / associate




a) 


Legal person


Forty Two Point Two




2 


Reason for the notification 




a) 


Position/status


In terms of the JSE Listings Requirements, Forty Two Point Two is wholly owned by the Marathon Trust and the undermentioned persons (who are directors of Ninety One plc, Ninety One Limited and/or a major subsidiary of Ninety One) are beneficiaries of the Marathon Trust. Forty Two Point Two is an associate of these persons for the purpose of the JSE Listings Requirements:-
-       Hendrik du Toit - Director of Ninety One plc and Ninety One Limited
-       Kim McFarland - Director of Ninety One plc and Ninety One Limited
-       Thabo Khojane - Director of Investec Assurance Limited ("IAL")
-       Johan Schreuder - Director of IAL
-       Adam Fletcher - Director of Investec Asset Management Guernsey Limited 




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 
 


Settlement of shares in Ninety One Limited pursuant to roll up by Forty Two Point Two of its interests in Investec Asset Management Holdings Proprietary Limited to the Company in exchange for Shares, as further described in the Ninety One prospectus




c) 
 


Price(s) and volume(s) 
 
 









 Price(s)


Volume(s)




Nil


60,017,591



 
The consideration paid by Forty Two Point Two consists of its interests in Investec Asset Management Holdings Proprietary Limited to the Company in exchange for the issue of new Ninety One Limited shares, as further described in the Ninety One prospectus. As such there is no trading price.
 




d) 
 


Aggregated information 
- Aggregated volume 
- Price 


N/A




e) 


Date of the transaction  


20 March 2020




f)


Place of the transaction 


Johannesburg



 


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