JSE issues apology for the incorrect meta description on broker search

JSE Limited (“JSE) was alerted to an incorrect meta description automatically generated by search engines when searches relating to the JSE in relation to company information is performed. This resulted in the JSE’s awareness campaign relating to a cautionary pop-up on the JSE website regarding investment scams being displayed in search results.

The JSE has implemented technical measures to remedy the incorrect description.

We sincerely apologise for the error and in the event that you require any further information in respect of the remedial actions implemented or the JSE to clarify the incorrect search results, please contact [email protected].

Published 17 Mar 2020
Posted by JSETestSuperEditor

Johannesburg, 16 March 2020: The JSE today celebrates the primary listing of Ninety One Limited (NY1) and the secondary listing of Ninety One Plc (N91) on its Main Board. Ninety One Limited and Ninety One Plc will list on the JSE under the Asset Managers sub-sector. Ninety One has changed its name from Investec Asset Management.

The listing comes after the Investec Group’s (comprising of Investec Limited and Investec Plc and their respective subsidiaries) strategic review in 2018, after which the company decided to proceed with the demerger of the Asset Management business from the Specialist Banking and Wealth & Investment business.

Ninety One is a founder-led independent global asset manager that primarily offers a range of high-conviction, active strategies to its sophisticated global client base. Ninety One was established in 1991 and, as at 30 September 2019, has £121 billion in assets under management.

The Ninety One Group’s investment proposition for clients centres on its range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions globally.

The demerger focuses the Investec and Ninety One Group’s on their respective growth paths, which enhance the long-term prospects and potential of both businesses for the benefit of their shareholders, clients and employees.

Hendrik du Toit, Founder and Chief Executive Officer of Ninety One, commented:

“Today marks a historic moment for Ninety One. Despite extraordinary market volatility we are confident in the resilience of our capital-light business model and its organically developed, specialist, active investment offerings. Ours is a long-term story of a unique business with a carefully-developed culture, a commitment to employee ownership and a long track record.

 

I deeply appreciate the support from my erstwhile colleagues at Investec throughout this process and wish them well as they chart their own course as a bank and wealth business. I would like to thank the people of Ninety One for their hard work and commitment to our clients and to our firm. We look forward to continuing to deliver on our purpose of investing for a better tomorrow.”

The business will be listing on the financial services sector which currently has a market capitalisation of R384 billion.

The Investec Plc ordinary shareholders will keep their shares in Investec Plc and will be allocated one Ninety One Plc share for every two Investec Plc shares in the name of the shareholder. The Investec Limited Ordinary shareholders will keep their Investec Limited shares and will be allocated one Ninety One Limited share for every two Investec Limited shares in the name of the shareholder. Therefore, shareholders will own shares in two listed companies. The Investec Group will hold approximately 25% of the combined total issued share capital of Ninety One.

The listing of Ninety One Limited makes this the second listing on the JSE in 2020 and contributes towards a market capitalisation of R80.9 billion in the Exchange’s Asset Managers sub-sector.

“Ninety One has built a strong and solid relationship with the JSE through the Investec Group, a company that first listed on the JSE in 1986. Today marks a new direction for Ninety One, and it is with great pleasure that the JSE can continue being a part of this journey that will further unlock diversity and value for investors,” says Valdene Reddy, Director of Capital Markets at the JSE.

The Ninety One listing brings the number of companies listed on the JSE to 354 with the Exchange reflecting an overall market capitalisation of R15.2 trillion.

ENDS

 

 

ABOUT THE JSE

The Johannesburg Stock Exchange (JSE) has a well-established history operating as a market place for trading financial products. It is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world class, socially responsible products and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives and debt markets. It prides itself as being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent. The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for 130 years.

 

As a leading global exchange, the JSE co-creates, unlocks value & makes real connections happen.

 

JSE contact:

Pheliswa Mayekiso

Media and Internal Communications Manager

Tel: 011 520 7495

Mobile: 084 486 0502

Email: [email protected]