Ninety One ( (GB:N91) ) just unveiled an announcement.
Ninety One plc has announced an expansion of its share repurchase programme, initially set at up to £5 million, to now include up to £25 million, with the completion date extended to no later than 31 March 2026. This strategic move, conducted in partnership with Citigroup Global Markets Limited, aims to reduce the company’s ordinary share capital and is subject to regulatory approvals, potentially impacting the company’s market positioning and shareholder value.
More about Ninety One
Ninety One is an independent investment manager founded in South Africa in 1991. The company operates globally, offering a range of active investment strategies to its international client base. It is listed on both the London and Johannesburg Stock Exchanges.
YTD Price Performance: 1.41%
Average Trading Volume: 674
Technical Sentiment Signal: Buy
Current Market Cap: $3.43B
For a thorough assessment of N91 stock, go to TipRanks’ Stock Analysis page.