Demerger and listing of Ninety One
10 February 2020
We are pleased to provide an update on the demerger and listing of Ninety One.
We are changing our name, but not who we are. The fundamental elements of our business – how we invest and our commitment to our clients – remain the same.
1. Shareholder vote and next steps in the demerger
We are delighted to confirm that the shareholders of Investec plc and Investec Limited (together, “Investec”) have approved the demerger and listing, paving the way for Ninety One’s listing on the London Stock Exchange (“LSE”) and the Johannesburg Stock Exchange (“JSE”).
The dual listing is expected to occur on Monday, 16 March 2020. Prior to this, the Prospectus will be published on 2 March.
2. Our new name
We are changing our name from Investec Asset Management to Ninety One on 16 March 2020.
3. Umbrella fund name changes
Our new name, Ninety One, will be reflected in the names of our umbrella funds and collective investment schemes between March and June for the various fund ranges we operate around the world. Notification will be sent to all fund investors in due course.
There will be no change to the way any of our funds are managed as a result of the demerger.
4. Change of email addresses
We are intending to change our email addresses on 16 March. Our new email addresses will follow the format email@example.com
5. Telephone number changes
Many of our telephone numbers will change. Our new telephone numbers will be listed on our website, www.ninetyone.com, from the date of listing and are already showing in the email signatures of all our staff.
Those Investec Asset Management telephone numbers which are changing will no longer be in operation from 1 April 2020. If in any doubt, please refer to our website. Alternatively, please get in touch with your Investec Asset Management | Becoming Ninety One Relationship Manager.
6. A new website for Ninety One
Our new website will be www.ninetyone.com and will be fully operational on the date of listing. At this stage you will find detailed information about our brand story and a Q&A covering many aspects of the demerger.
Our old website, and its links, will redirect to the applicable pages on our new website for a period of at least six months.
7. Building our new brand
In order to ensure a swift and effective communication of our new brand, Ninety One, we will support this with advertising activity globally. This will begin in March and forms part of a coordinated schedule of initiatives.
We have chosen a name with a strong connection to our heritage.
We started in South Africa in '91. It was a year of transformative change around the world. Significant steps towards the end of apartheid in SA. Operation Desert Storm. The fall of Communism in Russia.
Being part of that change made us who we are. It taught us the power of active investing – how it can help to create a better future, for our clients, for our firm and for our communities.
Our new name, Ninety One, recognises the momentous time in which we started our firm.
If you have any questions, please contact your Investec Asset Management | Becoming Ninety One Relationship Manager.