Ninety One’s Strategic Share Acquisition by Employee Benefit Trust

Ninety One ( (GB:N91) ) has issued an update.

Ninety One has announced an on-market acquisition of 295,424 ordinary shares by its South Africa Employee Benefit Trust for a total consideration of R10,310,800. This transaction, conducted on the Johannesburg Stock Exchange, reflects the company’s strategic move to manage its employee benefit schemes, potentially impacting its financial positioning and stakeholder interests.

More about Ninety One

Ninety One is a dual-listed company incorporated in South Africa and the UK, operating in the financial services industry. It primarily focuses on investment management services, catering to a diverse range of clients across global markets.

YTD Price Performance: 1.12%

Average Trading Volume: 674

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $3.35B

For an in-depth examination of N91 stock, go to TipRanks’ Stock Analysis page.