Ninety One plc

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Ninety One plc
TypeDual-listed public company
JSE: NY1
LSE: N91
IndustryFinancial services
FoundedJohannesburg
1991; 31 years ago (1991)
HeadquartersLondon, United Kingdom
Cape Town, South Africa
Key people
Gareth Penny, Chairman
Hendrik du Toit, CEO
ProductsAsset management
Revenue£609.9 million (2020)[1]
£198.5 million (2020)[1]
£156.0 million (2020)[1]
Websiteninetyone.com Edit this at Wikidata

Ninety One is an Anglo-South African asset management business, based in London and Cape Town[2] and dual-listed on the London Stock Exchange and the Johannesburg Stock Exchange. It is a constituent of the FTSE 250 index.[3]

History[]

The company was formed as Investec Asset Management in 1991.[4] It changed its name to Ninety One in spring 2020: the new name is in recognition of the brand's heritage, as it was in 1991 that the investment firm was started in South Africa.[5]

The company was demerged from Investec in March 2020.[6] It had been envisaged that 10% of the stock would be offered to the public but Investec decided to retain 25% (rather than just 15% as originally planned) because of market conditions.[6]

References[]

  1. ^ a b c "Results for the year ended 31 March 2020" (PDF). Ninety One. Retrieved 20 May 2020.
  2. ^ "Integrated Annual Report 2020" (PDF). Ninety One. p. 9. Retrieved 9 July 2020.
  3. ^ "FTSE 250 Index". London Stock Exchange. Retrieved 9 July 2020.
  4. ^ "Ninety One Starts Trading In London And Johannesburg After Demerger". Morningstar. 16 March 2020. Retrieved 17 March 2020.
  5. ^ "Investec AM rebrand Ninety One to list on LSE". Investment Week. 29 November 2019. Retrieved 17 December 2019.
  6. ^ a b "Investec withdraws 10% share offer in Ninety One due to market conditions". Investment Week. 13 March 2020. Retrieved 17 March 2020.

External links[]

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