Ninety One plc (LSE: N91), the independent investment manager founded in South Africa in 1991 and listed on both the London and Johannesburg Stock Exchanges, has disclosed the repurchase of ordinary shares across five trading days between 2 and 6 November 2026. The transactions were executed through J.P. Morgan Securities plc on the LSE and J.P. Morgan Equities South Africa (Pty) Ltd on the JSE, as part of a shareholder-approved buy-back programme. The announcement confirms that all repurchased shares are intended for cancellation, reducing the total shares in issue. Investors may be watching the cumulative programme totals as a signal of ongoing capital return activity.

Key Points

  • Ninety One plc (LSE: N91 / JSE: NY1, N91) — independent global active investment manager dual-listed in London and Johannesburg
  • The company repurchased ordinary shares on the LSE across five sessions from 2 to 6 November 2026, plus an additional JSE purchase on 6 November 2026
  • Since 3 June 2026, 11,246,097 LSE shares have been purchased at a total cost of £23,717,655.23; since 1 October 2026, 865,888 JSE shares have been purchased at a cost of £1,752,279.18
  • Investors should watch the total shares in issue figure — now 656,560,415 — which serves as the denominator for FCA disclosure calculations

Ninety One's LSE Share Purchases and Volume-Weighted Prices for 2–6 November 2026

Across the five LSE trading sessions covered by the announcement, Ninety One purchased 87,585 shares on 2 November at a volume-weighted average price (VWAP) of 201.6095p, 88,800 shares on 3 November at 203.2323p, 88,780 shares on 4 November at 205.8917p, 87,140 shares on 5 November at 206.9167p, and 87,060 shares on 6 November at 202.7833p. Daily price ranges across the period spanned a low of 199.4p to a high of 209.2p, reflecting modest intraday variation throughout the week. All trades were executed on the London Stock Exchange through J.P. Morgan Securities plc.

JSE Repurchase on 6 November and Cumulative Programme Totals

On 6 November 2026, Ninety One also purchased 127,770 shares on the Johannesburg Stock Exchange at a VWAP of 4,500.410753 South African cents, executed via J.P. Morgan Equities South Africa (Pty) Ltd. The announcement states that since 1 October 2026 the company has acquired 865,888 JSE-listed shares at a sterling cost of £1,752,279.18. On a combined basis across both exchanges since 3 June 2026, the LSE element of the programme alone has seen 11,246,097 shares acquired for £23,717,655.23, illustrating the scale of capital being returned to shareholders through cancellation.

Shareholder Approval, Share Cancellation, and Revised Shares-in-Issue Denominator

The buy-back programme was approved by shareholders at Ninety One's Annual General Meeting on 22 July 2026 and was announced on the same date. Instructions to both J.P. Morgan entities were issued by the company on 1 October 2026. The announcement confirms that the company intends to cancel all shares purchased on both the LSE and the JSE. Following the transactions disclosed, Ninety One holds no ordinary shares in treasury and has 656,560,415 ordinary shares in issue, a figure that shareholders must use as the denominator when calculating whether FCA disclosure obligations under the Transparency Rules are triggered.