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Ninety One Limited Ninety One plc
Incorporated in the Republic of South Africa Incorporated in England and Wales
Registration number 2019/526481/06 Registration number 12245293
Date of registration: 18 October 2019 Date of registration: 4 October 2019
JSE share code: NY1 LSE share code: N91
ISIN: ZAE000282356 JSE share code: N91
ISIN: GB00BJHPLV88
Notification of transactions by relevant Directors, Persons Discharging Managerial Responsibilities 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 persons discharging managerial responsibilities ("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(1) of the Market Abuse Exit Regulations 2019 (“UK MAR”), the Listing Rules, and the
Disclosure Guidance and Transparency Rules of the FCA and/or the JSE Listings Requirements. Clearance was obtained for
the below dealing in securities.
1 Details of the person discharging managerial responsibilities / person closely associated /
associate
a) Legal person Grant Cameron
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Sale of shares following the vesting of forfeitable shares.
c) Price(s) and volume(s)
Price(s) Volume(s)
£2.263983 37,984
d) Aggregated information
- Aggregated volume 37,984
- Price £2.263983
e) Date of the transaction 31 May 2022
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information:
Price £2.263983
Total value of transaction £85,995.13
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
1 Details of the person discharging managerial responsibilities / person closely associated /
associate
a) Legal person David McGillveray
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Take up of shares following the vesting of forfeitable shares.
c) Price(s) and volume(s)
Price(s) Volume(s)
£2.263983 58,164
d) Aggregated information
- Aggregated volume 58,164
- Price £2.263983
e) Date of the transaction 31 May 2022
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information:
Price £2.263983
Total value of transaction £131,682.30
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
1 Details of the person discharging managerial responsibilities / person closely associated /
associate
a) Legal person David McGillveray
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Sale of shares following the vesting of forfeitable shares.
c) Price(s) and volume(s)
Price(s) Volume(s)
£2.263983 56,443
d) Aggregated information
- Aggregated volume 56,443
- Price £2.263983
e) Date of the transaction 31 May 2022
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information:
Price £2.263983
Total value of transaction £127,785.99
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
On 27 May 2022, the Remuneration Committee of Investec plc and Investec Limited (together "Investec") met and agreed the
final vesting outcomes for the long term conditional awards granted to Hendrik du Toit and Kim McFarland on 29 May 2019
under the Investec plc Executive Incentive Plan 2013 (the "Plan"). By virtue of the demerger of Ninety One from Investec in
March 2020, a portion of these awards now relate to shares in Ninety One. Accordingly, we advise of the following transactions
in shares relating to PDMRs of Ninety One.
Award of conditional shares under the Plan
As a result of the final vesting outcome determined by the Investec Remuneration Committee, Hendrik du Toit received an
additional award of conditional shares which vest equally over a period of five years and are subject to a 12-month retention
period after each vesting date.
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Award of conditional shares for nil consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 1,120
d) Aggregated information
- Aggregated volume 1,120
- Price Nil
e) Date of the transaction 29 May 2022
f) Place of the transaction London
Award of conditional shares under the Plan
As a result of the final vesting outcome determined by the Investec Remuneration Committee, Kim McFarland received an
additional award of conditional shares which vest equally over a period of five years and are subject to a 12-month retention
period after each vesting date.
.
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Award of conditional shares for nil consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 448
d) Aggregated information
- Aggregated volume 448
- Price Nil
e) Date of the transaction 29 May 2022
f) Place of the transaction London
Vesting of shares under the Plan
On 29 May 2022, the following shares vested to Hendrik du Toit under the Plan, and remain subject to a 12-month retention
period.
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Take up of shares on vesting of conditional shares.
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 2.298 28,032
d) Aggregated information
- Aggregated volume 28,032
- Price GBP 2.298
e) Date of the transaction 30 May 2022
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information:
Price £2.298
Total value of transaction £64,417.54
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
Vesting of shares under the Plan
On 29 May 2022, the following shares vested to Kim McFarland under the Plan, and remain subject to a 12-month retention
period.
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Take up of shares on vesting of conditional shares.
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 2.298 11,217
d) Aggregated information
- Aggregated volume 11,217
- Price GBP 2.298
e) Date of the transaction 30 May 2022
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information:
Price £2.298
Total value of transaction £25,776.67
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
In March 2022, Investec plc and Investec Limited (together, “Investec”) proposed a distribution of Ninety One shares to existing
Investec shareholders with the Investec shareholders due to receive 0.13751 Ninety One shares for each Investec Ordinary
Share that they hold (the “Distribution”). On 31 May 2022, those Ninety One shares were distributed.
Distribution of Ninety One plc shares
Hendrik du Toit received the following number of Ninety One plc shares following the Distribution on 31 May 2022.
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Off market take up of shares on distribution from Investec
plc
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 2.26 61,817
d) Aggregated information
- Aggregated volume 61,817
- Price GBP 2.26
e) Date of the transaction 31 May 2022
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information:
Price £2.26
Total value of transaction £139,952.64
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
Kim McFarland received the following number of Ninety One plc shares following the Distribution on 31 May 2022.
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Off market take up of shares on distribution from Investec
plc
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 2.26 14,015
d) Aggregated information
- Aggregated volume 14,015
- Price GBP 2.26
e) Date of the transaction 31 May 2022
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information:
Price £2.26
Total value of transaction £31,729.72
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
Khumo Shuenyane received the following number of Ninety One plc shares following the Distribution on 31 May 2022.
1 Details of the person discharging managerial responsibilities / person closely associated /
associate
a) Legal person Khumo Shuenyane
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Off market take up of shares on distribution from Investec
plc
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 2.26 2734
d) Aggregated information
- Aggregated volume 2734
- Price GBP 2.26
e) Date of the transaction 31 May 2022
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information:
Price £2.26
Total value of transaction £6,178.84
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
Adam Fletcher received the following number of Ninety One plc shares following the Distribution on 31 May 2022.
1 Details of the person discharging managerial responsibilities / person closely associated /
associate
a) Legal person Adam Fletcher
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Off market take up of shares on distribution from Investec
plc
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 2.26 83
d) Aggregated information
- Aggregated volume 83
- Price GBP 2.26
e) Date of the transaction 31 May 2022
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information:
Price £2.26
Total value of transaction £187.58
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
Distribution of Ninety One Limited shares
Hendrik du Toit received the following number of Ninety One Limited shares following the Distribution on 31 May 2022.
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 Limited
b) LEI 2138006NUUFPDXHSUP38
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 Ordinary shares of no par value
of instrument
Identification code ZAE000282356
b) Nature of the transaction Off market take up of shares on distribution from Investec
Limited
c) Price(s) and volume(s) Price(s) Volume(s)
R43.67 14,402
d) Aggregated information
- Aggregated volume 14,402
- Price R43.67
e) Date of the transaction 31 May 2022
f) Place of the transaction Johannesburg
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information:
Price R43.67
Total value of transaction R628,994.39
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
Kim McFarland received the following number of Ninety One Limited shares following the Distribution on 31 May 2022.
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 Limited
b) LEI 2138006NUUFPDXHSUP38
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 Ordinary shares of no par value
of instrument
Identification code ZAE000282356
b) Nature of the transaction Off market take up of shares on distribution from Investec
Limited
c) Price(s) and volume(s) Price(s) Volume(s)
R43.67 1,037
d) Aggregated information
- Aggregated volume 1,037
- Price R43.67
e) Date of the transaction 31 May 2022
f) Place of the transaction Johannesburg
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information:
Price R43.67
Total value of transaction R45,290.04
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
Adam Fletcher received the following number of Ninety One Limited shares following the Distribution on 31 May 2022.
1 Details of the person discharging managerial responsibilities / person closely associated /
associate
a) Legal person Adam Fletcher
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 Limited
b) LEI 2138006NUUFPDXHSUP38
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 Ordinary shares of no par value
of instrument
Identification code ZAE000282356
b) Nature of the transaction Off market take up of shares on distribution from Investec
Limited
c) Price(s) and volume(s) Price(s) Volume(s)
R43.67 1418
d) Aggregated information
- Aggregated volume 1418
- Price R43.67
e) Date of the transaction 31 May 2022
f) Place of the transaction Johannesburg
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information:
Price R43.67
Total value of transaction R61,924.06
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
Award of conditional shares following Distribution
In respect of unvested Investec plc share awards granted under the Investec plc Executive Incentive Plan 2013 (the "Plan"),
additional Ninety One plc conditional shares were granted as a result of the Distribution.
Hendrik du Toit was granted an additional 71,701 conditional shares on 31 May 2022. Those conditional shares vest at the
same time and subject to the same terms and condition as the initial awards under the Plan.
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Award of conditional shares for nil consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 71,701
d) Aggregated information
- Aggregated volume 71,701
- Price Nil
e) Date of the transaction 31 May 2022
f) Place of the transaction London
Kim McFarland was granted an additional 45,091 conditional shares on 31 May 2022. Those conditional shares vest at the
same time and subject to the same terms and condition as the initial awards under the Plan.
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 Ordinary shares of GBP0.0001 each
of instrument
Identification code GB00BJHPLV88
b) Nature of the transaction Award of conditional shares for nil consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 45,091
d) Aggregated information
- Aggregated volume 45,091
- Price Nil
e) Date of the transaction 31 May 2022
f) Place of the transaction London
Date of release: 6 June 2022
JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
