REG - Ninety One PLC - Share repurchase programme

Ninety OneAnnouncement

06/03/2025 07:00

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RNS Number : 5197Z  Ninety One PLC  06 March 2025

Ninety One plc
 
          Ninety One Limited
 

Incorporated in England and Wales
                                           Incorporated
in the Republic of South
Africa

Registration number 12245293
 
Registration number 2019/526481/06
 

Date of registration: 4 October 2019
                                          Date of
registration: 18 October 2019
 

LSE share code: N91
 
   JSE share code: NY1
 

JSE share code: N91
 
    ISIN: ZAE000282356

ISIN: GB00BJHPLV88

LEI:
549300G0TJCT3K15ZG14

 

 

 

 

Ninety One plc Repurchase of Shares

 

Ninety One plc (the "Company") announces that it will today commence the first
tranche of up to £5 million (the "First Tranche") of an up to £30 million
share repurchase programme (the "Programme"). Under the Programme, the
Company's ordinary shares will be purchased in the open market and cancelled
to reduce the Company's ordinary share capital.

The repurchase of ordinary shares under the Programme will be effected within
the scope of any authority to repurchase ordinary shares conferred on the
Company in its general meeting, the UK Market Abuse Regulation, the Companies
Act 2006 and the Financial Conduct Authority's UK Listing Rules. The First
Tranche will complete by no later than 29 April 2025.

The Company has entered into an agreement (the "Agreement") with Citigroup
Global Markets Limited ("Citi") to undertake the Programme on its behalf and
to make trading decisions under the Programme independently of the Company.
Citi will purchase the Company's ordinary shares on the London Stock Exchange,
as riskless principal, subject to certain parameters agreed between the
Company and Citi, and the Company's right to terminate the Agreement in
certain circumstances.

 

For enquiries please contact:

Investor relations

Varuni
Dharma
varuni.dharma@ninetyone.com (mailto:varuni.dharma@ninetyone.com)
                                +44(0) 203 938
2486

 

Date of release:   6 March 2025

JSE Sponsor:      J.P. Morgan Equities South Africa (Pty) Ltd

 

About Ninety One

Ninety One is an independent investment manager, founded in South Africa in
1991. It operates and invests globally and offers a range of active strategies
to its global client base. Ninety One is listed on the London and Johannesburg
Stock Exchanges.

 

 

 

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