Sign in Subscribe
Stock exchanges

Ninety One plc Completes Successful Share Repurchase

Strategic Insights

— 1 min read

Ninety One plc, a UK-based asset management company, has successfully completed the repurchase of 163,615 ordinary shares as part of its ongoing share repurchase program. This transaction was conducted through Citigroup Global Markets Limited on the London Stock Exchange, with a highest purchase price of 160.70 GP pence per ordinary share and a lowest of 159.10 GP pence per ordinary share. The average price of the repurchased shares stood at 160.02 GP pence per share. This repurchase is aligned with the company's initiative to optimize its capital structure and potentially enhance shareholder value.

Key Takeaways:

  • Ninety One plc repurchased 163,615 ordinary shares on May 16, 2025, through Citigroup Global Markets Limited.
  • The highest purchase price of the repurchased shares was 160.70 GP pence per ordinary share, and the lowest was 159.10 GP pence per ordinary share.
  • The average price of the repurchased shares was 160.02 GP pence per share.
  • The transaction is in line with the company's share repurchase initiative, announced on March 6, 2025.
  • The repurchase is executed under Article 5(1)(b) of Regulation (EU) No 596/2014, as incorporated and implemented under English law following the European Union (Withdrawal) Act 2018.
  • The objective of the program is to optimize the capital structure and potentially enhance shareholder value.
  • Citigroup Global Markets Limited provided a comprehensive breakdown of the individual trades executed on behalf of Ninety One plc as part of this repurchase activity.
  • The asset management sector frequently engages in share repurchase programs to manage their capital strategically.
  • The transaction exemplifies the company's adherence to regulatory frameworks while pursuing corporate financial strategies.

Statistics:

  • 163,615 ordinary shares repurchased on May 16, 2025.
  • Highest purchase price: 160.70 GP pence per ordinary share.
  • Lowest purchase price: 159.10 GP pence per ordinary share.
  • Average price: 160.02 GP pence per share.
  • Total share repurchase value: Not specified.
  • Date of initial announcement: March 6, 2025.
  • Date of transaction: May 16, 2025.

Sources:

  • Johannesbug Stock Exchange (no date listed, as per original text).
  • Citigroup Global Markets Limited (no date listed, as per original text).
  • Regulation (EU) No 596/2014 (2014, without date listed in original text).
  • European Union (Withdrawal) Act 2018 (2018, without date listed in original text).

Read more