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The latest announcement is out from Ninety One ( (GB:N91) ).
Ninety One has repurchased 3.049% of its issued ordinary share capital, amounting to 8,682,337 shares, for approximately R332.5 million. This repurchase was funded through excess cash resources, with the shares being cancelled to decrease the outstanding share count to 276,072,464. The board affirms that, post-repurchase, the company’s financial position remains strong, with sufficient capital and liquidity for operations, ensuring no material impact on its financials.
More about Ninety One
Ninety One is a dual-listed investment management company, incorporated in both England and Wales, and South Africa. The company primarily operates in the financial services industry, focusing on asset management services for institutional and individual investors across various markets.
YTD Price Performance: 1.41%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.31B
For a thorough assessment of N91 stock, go to TipRanks’ Stock Analysis page.
