Ninety One plc
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]
 | |
| Type | Dual-listed public company |
|---|---|
| JSE: NY1 LSE: N91 | |
| Industry | Financial services |
| Founded | Johannesburg 1991 |
| Headquarters | London, United Kingdom Cape Town, South Africa |
Key people | Gareth Penny, Chairman Hendrik du Toit, CEO |
| Products | Asset management |
| Revenue | £609.9 million (2020)[1] |
| £198.5 million (2020)[1] | |
| £156.0 million (2020)[1] | |
| Website | ninetyone |
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
- "Results for the year ended 31 March 2020" (PDF). Ninety One. Retrieved 20 May 2020.
- "Integrated Annual Report 2020" (PDF). Ninety One. p. 9. Retrieved 9 July 2020.
- "FTSE 250 Index". London Stock Exchange. Retrieved 9 July 2020.
- "Ninety One Starts Trading In London And Johannesburg After Demerger". Morningstar. 16 March 2020. Retrieved 17 March 2020.
- "Investec AM rebrand Ninety One to list on LSE". Investment Week. 29 November 2019. Retrieved 17 December 2019.
- "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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