Ninety One: Fairtree reduces stake; share repurchase announced

Ninety One Limited (JSE: NY1) announced Fairtree Asset Management (FAM) reduced its beneficial stake in the company. FAM notified Ninety One on May 7, 2025, that it disposed of shares on behalf of its clients, decreasing its total beneficial interest to 4.97% from 5.02% of the issued securities. Simultaneously, Ninety One plc announced the repurchase of 220,000 of its GBP 0.0001 ordinary shares on May 6, 2025, through Citigroup Global Markets Limited. The shares will be cancelled. The highest price paid per share was GBP 155.6000, the lowest GBP 149.2000, and the average price GBP 151.5900. The repurchase forms part of the share repurchase program announced on March 6, 2025.