Ninety One Limited (LSE:N91) has disclosed that Sanlam Investment Holdings (Pty) Ltd has taken a significant beneficial interest in its shares on behalf of clients. The transaction lifts Sanlam’s aggregate holding in the relevant class of Ninety One Limited securities from zero to 19.9% of the company’s issued share capital.
The required regulatory notifications have been submitted to South Africa’s Takeover Regulation Panel, with Ninety One’s board confirming that the disclosure is based on information provided by Sanlam. The move introduces a sizeable new institutional shareholder to the register, which could influence shareholder dynamics and is likely to be viewed as a vote of confidence in the business.
From a market perspective, Ninety One’s overall investment case continues to be underpinned by strong financial performance and an attractive valuation, supported by constructive earnings commentary and recent strategic actions. While technical indicators point to some near-term caution, the group’s solid fundamentals and strategic positioning are seen as supportive of longer-term growth.
More about Ninety One
Ninety One plc and Ninety One Limited are dual-listed asset management companies incorporated in England and Wales and South Africa, with primary listings on the London Stock Exchange and the Johannesburg Stock Exchange. The group provides a broad range of investment products and services to institutional and retail clients, with shares trading under the ticker N91 in London and Johannesburg and NY1 for Ninety One Limited on the JSE.
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