Ninety One’s shares get admitted to trading on London Stock Exchange
The shares of Ninety One plc are admitted to trading on the Main Market of the LSE for listed securities under the ticker symbol “N91”.
About a month after global asset manager Ninety One confirmed its intentions to float on the London Stock Exchange and the Johannesburg Stock Exchange, the company today announces that Ninety One plc’s entire issued ordinary share capital, consisting of 622,624,622 Ninety One plc Shares, has today been admitted to the premium listing segment of the Official List of the FCA and to trading on the Main Market of the LSE for listed securities under the ticker symbol “N91”, as well as to the Main Board of the JSE under the abbreviated name “Ninety 1P”, Alpha code “N91”.
Ninety One also announces that Ninety One Limited’s entire issued ordinary share capital, consisting of 240,071,863 Ninety One Limited Shares, has today been admitted to the Main Board of the JSE under the abbreviated name “Ninety 1L”, Alpha code “NY1”, with a further 60,017,591 shares to be issued pursuant to the Forty Two Point Two roll-up and admitted to trading on the Main Board of the JSE on Friday, March 20, 2020.
Ninety One, Investec plc and Investec Investments Proprietary Limited will be subject to a 180 day lock-up from the date of Admission on their shareholdings in Ninety One. The directors of Ninety One and Forty Two Point Two will be subject to a 365 day lock-up from the date of the admission. The lock-ups are subject to certain customary exemptions and may otherwise only be waived with the consent of J.P. Morgan Securities plc.
It is expected that, subject to certain conditions being met, the company will be considered eligible for inclusion in several equity indices, including the FTSE UK Index Series.
At present, the Ninety One Group serves its client base via five regional teams – Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels – Institutional and Advisor. Institutional clients include some of the world’s largest private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors.
For the six months ended September 30, 2019, the Ninety One Group had net inflows of £3.2 billion and operating profit before exceptional items of £97.3 million.