| Ninety One Limited Registration number 2019/526481/06 Date of registration: 18 October 2019 JSE share code: NY1 ISIN: ZAE000282356 | Ninety One plc Registration number 12245293 Date of registration: 4 October 2019 LSE share code: N91 JSE share code: N91 ISIN: GB00BJHPLV88 |
Notification of transactions by relevant Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them, prescribed officers, companies secretaries and associates
As part of the dual listed company structure, Ninety One plc and Ninety One Limited (together "Ninety One") notify both the London and Johannesburg Stock Exchanges of those interests (and changes to those interests) of (i) directors of both entities and the respective company secretaries and such persons' respective associates and persons closely associated with them, (ii) prescribed officers and PDMRs and such persons' respective associates and persons closely associated with them, and (iii) in certain instances the directors and company secretaries of major subsidiaries of Ninety One and such persons' respective associates, in the securities of Ninety One plc and Ninety One Limited which are required to be disclosed under Article 19 of the Market Abuse Regulation (Regulation 596/2014) ("MAR"), the Listing Rules, and the Disclosure Guidance and Transparency Rules of the FCA and/or the JSE Listings Requirements.
| 1 | Details of the person discharging managerial responsibilities / person closely associated / associate | |||||
| a) | Legal person | Sandy Anne Welthagen | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director of a major subsidiary of the Company | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Ninety One plc | ||||
| b) | LEI | 549300G0TJCT3K15ZG14 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of GBP0.0001 each GB00BJHPLV88 | ||||
| b)
| Nature of the transaction
| Awards over 301,877 ordinary shares for nil consideration to be granted in respect of a deferred bonus award. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price |
301,877 Nil | ||||
| e) | Date of the transaction | 12 July 2024 | ||||
| f) | Place of the transaction | London | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated / associate | |||||
| a) | Legal person | David Weaire | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director of a major subsidiary of the Company | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Ninety One plc | ||||
| b) | LEI | 549300G0TJCT3K15ZG14 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of GBP0.0001 each GB00BJHPLV88 | ||||
| b)
| Nature of the transaction
| Awards over 52,366 ordinary shares for nil consideration to be granted in respect of a deferred bonus award. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price |
52,366 Nil | ||||
| e) | Date of the transaction | 12 July 2024 | ||||
| f) | Place of the transaction | London | ||||
On 30 April 2024, the Remuneration Committee of Ninety One plc and Ninety One Limited (together "Ninety One") met and agreed the Executive Incentive Plan awards for the Executive Directors of Ninety One for the financial year ended 31 March 2024. Accordingly, we advise of the following transactions in shares relating to PDMRs of Ninety One.
Award of forfeitable shares to Hendrik du Toit and Kim McFarland
| 1 | Details of the person discharging managerial responsibilities / person closely associated / associate | |||||
| a) | Legal person | Hendrik du Toit | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Ninety One plc | ||||
| b) | LEI | 549300G0TJCT3K15ZG14 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of GBP0.0001 each GB00BJHPLV88 | ||||
| b)
| Nature of the transaction
| Award of 590,839 forfeitable shares for nil consideration to Hendrik du Toit. These forfeitable shares vest in full after three years and are subject to a post-vesting retention period of 12 months (for 50% of the award) and 24 months (for the remaining 50%). | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price |
590,839 Nil | ||||
| e) | Date of the transaction | 12 July 2024 | ||||
| f) | Place of the transaction | London | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated / associate | |||||
| a) | Legal person | Kim McFarland | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Ninety One plc | ||||
| b) | LEI | 549300G0TJCT3K15ZG14 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of GBP0.0001 each GB00BJHPLV88 | ||||
| b)
| Nature of the transaction
| Award of 472,849 forfeitable shares for nil consideration to Kim McFarland. These forfeitable shares vest in full after three years and are subject to a post-vesting retention period of 12 months (for 50% of the award) and 24 months (for the remaining 50%). | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price |
472,849 Nil | ||||
| e) | Date of the transaction | 12 July 2024 | ||||
| f) | Place of the transaction | London | ||||
Date of release: 17 July 2024
JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
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