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Ninety One PLC and Ltd - London and Cape Town-based money manager - Says its shareholders have approved the issuance of new shares at a general meeting on Wednesday. This comes after Ninety One and Sanlam Ltd early last month concluded ‘key operative agreements’ for their planned strategic partnership. Back in November last year, Ninety One and Sanlam announced they had reached an agreement that will see Sanlam appoint Ninety One as its primary active investment manager. The two companies said on March 6 that Sanlam will receive a total of 125.7 million shares in Ninety One as part of the arrangement. This allocation represents a 12.3% equity stake in Ninety One. Excluding ARC Financial Services Investments Pty Ltd, Sanlam will hold an effective shareholding of about 8.9% in Ninety One. Current Ltd stock price in Johannesburg: R 29.79, down 1.7% on Wednesday 12-month change: down 24% Current PLC stock price in Johannesburg: R 30.60, down 2.0% 12-month change: down 23% Current stock price in London: 121.00 pence, down 3.7% 12-month change: down 30% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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