Level 3: Valuation techniques where one or more significant inputs are unobservable. Profit for the year attributable to ordinary shareholders divided by the weighted average number of ordinary shares outstanding during the year, plus the weighted average number of ordinary shares that would be issued on the conversion of all the potentially dilutive shares into ordinary shares, GIFS: The calculations of basic and diluted EPS are based on IAS 33 Earnings per share, details are shown as below: Basic earnings per share are calculated by dividing the profit for the year attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the year, excluding own shares held by Ninety One Employee Benefit Trusts. Adjusted earnings per share is the Group's key alternative performance measure which is consistent with the way that financial performance is measured by the senior management of the Group. Alternatively, the demerger and Admission may occur without the Global Offer going ahead. derived from prices). Given the wide-ranging impact of the pandemic and in line with advice from government and the World Health Organisation (WHO), limiting unnecessary human contact is an invaluable precaution. As we look ahead to the new year, we recognise the challenging market conditions and competitive environment which we face. The safety of our employees and clients is something that we care deeply about. On a three- and five-year basis, mutual fund performance declined with 52% and 62% of mutual funds in the first or second quartile respectively (compared with 72% and 70% respectively as at 31 March 2019). The distribution of this announcement may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. WHEREAS, the sole Member is party t. Exelon Corporation Stock Deferral Plan, as amended and restated effective September 25, 2019. We are active investors. or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The table below details changes in the Group's liabilities from financing activities, including both cash and non-cash changes. The transfer was effected by the issue of 300,089,454 ordinary shares by Ninety One Limited. Total staff expenses (excluding Silica and the deferred employee benefit scheme) increased by 7% to £258.8 million (2019: £242.6 million). On the positive side, other global and emerging markets equity strategies delivered excellent results. The Group is required to calculate headline earnings per share ("HEPS") in accordance with JSE Listing Requirements, determined by reference to circular 1/2019 "Headline Earnings" issued by the South African Institute of Chartered Accountants. The date of Admission may be influenced by things such as market conditions. In response to the COVID-19 pandemic, we prioritised the wellbeing of our people and did not furlough or make redundant any of our staff. The fact that we could grow over the past year, demerge, list and rebrand on schedule whilst coping with the COVID-19 imperative to enable more than 1,000 people to work from home without a major incident, tells the story of a robust, experienced, well-invested and well-run operations platform. The Ninety One share scheme implementation income of £13.1 million (2019: nil) reflects the impact of reversing staff expense accruals to fund the investment into the new Ninety One share schemes in March 2020, net of the share scheme expenses which are amortised over the vesting period of the awards under IFRS 2 Share-based Payment. ASISA: whether as a result of new information, future developments or otherwise. Non-qualifying assets comprise assets that are not available to meet regulatory requirements. Real-time pricing data supplied by IEX. Broadcast live on Tuesday, 10 November – Ninety One invites you to connect with our studios in London, Cape Town, New York and Hong Kong as we push... Register now. reports on a regular basis. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Our percentage of firm outperformance is reported on the basis of current AUM and therefore does not include terminated funds. Represents revenue in accordance with IFRS, less commission expense, Quality investment capability: The integrated annual report will be published in July 2020 and will be available at. Performance fees increased to £21.5 million (2019: £11.0 million) reflecting relative investment outperformance in a selection of strategies, particularly in South African equities. The separation was implemented by way of a demerger of the Ninety One Business to a new dual-listed company ("DLC") arrangement, comprising Ninety One plc, a public limited company incorporated in England and Wales under the UK Companies Act 2006 and Ninety One Limited, a public company incorporated in the Republic of South Africa under the South African Companies Act 71 of 2008. Profit before tax increased by 11% to £198.5 million (2019: £178.4 million), while adjusted operating profit increased 10% to £189.9 million (2019: £172.5 million). The market and foreign exchange impact in the year was negative £14.0 billion (2019: positive £1.4 billion). Digital platforms provide an efficient, fast, safe and nearly instantaneous solution to many, if not all your investing requirements, away from public spaces. We have solid bridgeheads into the largest markets in the world and we have maintained positive momentum in our original markets. Adjusted operating expenses increased 8% to £398.1 million (2019: £368.1 million), largely driven by an increase in staff expenses, as well as higher accommodation expenses. Calculated as adjusted operating revenue less adjusted operating expenses, Adjusted operating profit margin: . 31 March 2019: £195.7 million), which principally reflects the early payment of dividends in March 2020, ahead of the demerger. They have the full support of the leadership team to achieve this. Investment Platform. Publication of the prospectus and documents pertaining to the demerger and listing of Ninety One Learn more. Ninety One continues to provide a range of specialist, active strategies to its global client base. This provisional announcement does not constitute the Group's full consolidated financial statements for the year ended 31 March 2020. Right-of-use assets were measured at an amount equal to the lease liability, adjusted by the amount of any prepaid or accrued lease payments relating to that lease recognised in the statement of financial position of the respective subsidiaries as at 31 March 2019. The Ninety One Shares may not be offered or sold in the United States except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act. Discover the world’s international exchange, What should you consider before investing. The assets are beneficially held by the insurance entity and the assets are reflected on its statement of financial position. The Ninety One Group may decide not to proceed with the Global Offer and there is therefore no guarantee that Admission will occur. Association for Savings and Investment South Africa represents the majority of the country's asset managers, collective investment scheme management companies, linked investment service providers, multi-managers and life insurance companies, The aggregate assets managed on behalf of clients. 3. Acquiring investments to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested. Find out how true quality is timeless. The stable and experienced investment teams at Ninety One are motivated to make the most of these opportunities for our clients and shareholders. Some of the cookies are essential for parts of the site to operate and have already been set. Forward-looking statements speak only as of the date they are made. This was a pivotal period in the evolution of our business.
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