Investec Asset Management will list on the London Stock Exchange and the South African JSE under its post-demerger brand Ninety One, which is to embrace new "flexibility" measures in a departure from its current policies.
In a statement this morning the firm confirmed it would take a primary listing on the LSE and a secondary inward listing on the Johannesburg Stock Exchange "to ensure South African resident shareholders are treated equally with non-resident shareholders and can benefit from the expected future growth in Ninety One". It also announced new "benefits" to the demerger from Investec Bank, made clear new policies designed for "strategic" and "financial flexibility". Firstly it said Ninety One's boards will be provided with the "strategic freedom and flexibility to create value over the long...
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