Ninety One PLC Transaction in Own Shares (2433S)
03 Noviembre 2023 - 1:05AM
UK Regulatory
TIDMN91
RNS Number : 2433S
Ninety One PLC
03 November 2023
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
As part of the dual-listed company structure, the boards of
Ninety One plc and Ninety One Limited (together the 'Board') notify
both the London Stock Exchange and the JSE Limited ('JSE') of
matters which are required to be disclosed under the FCA Disclosure
Guidance and Transparency Rules and Listing Rules of the United
Kingdom Listing Authority (the 'UKLA') and/or the JSE Listings
Requirements (the 'Listing Requirements').
Ninety One Limited Ordinary Share Buyback
Ninety One Limited (the 'Company') advises that, at the close of
business on 01 November 2023, it has cumulatively repurchased
8,900,922 of the Company's ordinary shares ('Ordinary Shares')
representing 3.007% of the issued Ordinary Share capital as at the
date of the general authority granted by shareholders at the
Company's annual general meeting held on 26 July 2023 ('General
Authority').
The Ordinary Shares were repurchased for an aggregate value of
R345,632,678.38. Details of the repurchase are set out in the table
hereunder:
Repurchase Number and Highest repurchase Lowest repurchase Aggregate Number and
period percentage price per price per value (R) percentage
of shares share (R) share (R) of shares
repurchased outstanding
in relation
to the total
shares under
the General
Authority
27 July - 8,900,922 R40.00 R35.89 R345,632,678.38 20,695,450
1 November
2023 3.007% 6.993%
------------- ------------------- ------------------ ---------------- --------------
An application will be made to the JSE to de-list 307,360
Ordinary Shares, at which point they will be immediately cancelled.
8,593,562 Ordinary Shares have already been cancelled. The Ordinary
Shares remaining in issue following the cancellation of the
aforementioned shares amounts to 287,062,798. The Company does not
hold any treasury shares.
The impact of the repurchase of the Ordinary Shares on the
financial information of the Company is immaterial. The Ordinary
Shares were repurchased from excess cash resources of the Company;
going forward, no Ordinary Share dividends will be payable on the
repurchased Ordinary Shares and interest earned on the cash
utilised for the repurchases will be foregone.
On 27 July 2023, in accordance with paragraph 5.72(h) of the JSE
Listings Requirements, the Company entered into a mandate (the
'Mandate') with an independent agent to undertake its repurchase
programme. Under the Mandate, the repurchase programme continued
during the Company's closed period from 1 October to 15 November
2023. The repurchases were made in terms of the current General
Authority effected through an order book operated by the JSE and
executed without any prior understanding or arrangement between the
Company and the counterparties. Accordingly, the Company has
complied with paragraph 5.72(a) of the Listings Requirements.
Statement by the Board
The Board has considered the effect of the repurchases and is of
the opinion that, for a period of 12 months following the
repurchases, the:
-- Company and its subsidiaries (the 'Group') will be able, in
the ordinary course of business, to pay its debts;
-- consolidated assets of the Company and the Group will be in
excess of the consolidated liabilities;
-- share capital and reserves of the Company and the Group will
be adequate for ordinary business purposes; and
-- working capital of the Company and the Group will be adequate
for ordinary business purposes.
For enquiries please contact:
Investor relations
Alvar Fernandez alvar.fernandez@ninetyone.com +44 (0) 20 3938
2305
Jakub Vojtek jakub.vojtek@ninetyone.com +44 (0) 20 3938 2413
Date of release: 03 November 2023
JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
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END
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November 03, 2023 03:05 ET (07:05 GMT)
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