REG - Ninety One PLC - Share repurchase programme

Ninety OneAnnouncement

31/03/2025 15:30

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RNS Number : 9668C  Ninety One PLC  31 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

 

On 6 March 2025, Ninety One plc (the "Company") announced that it had
initiated a share repurchase programme of up to £30 million (the
"Programme"), beginning with an initial tranche of up to £5 million. 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 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.

Today, the Company announces its intention to increase the initial tranche of
the Programme from up to £5 million to up to £25 million and to extend the
date for purchases to be completed to no later than 31 March 2026 (subject to
regulatory approval remaining in place).

The purchase 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.

 

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:   31 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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