Investec shareholders vote for Ninety One carve-out

Investec_AM_PA_575_375
By Aidan Gregory
10 Feb 2020

Shareholders in Investec Group have approved the proposed spin-off of its £121bn asset management division Ninety One, paving the way for Ninety One’s IPO on the London Stock Exchange.

A majority of 97.7% voted for the proposal at a general meeting on Monday. Ninety One is expected to confirm its intention to float within days and will reveal a price range for the listing on Monday March 2. It is expected to begin trading on Monday March ...

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