Business
Share repurchase programme
Share repurchase programme.
About this update from Ninety One Plc
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 [email protected] +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.