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OLD MUTUAL PLC - OM Asset Management Files S-1 Registration Statement

Release Date: 30/06/2014 13:18
Code(s): OML     PDF:  
Wrap Text
OM Asset Management Files S-1 Registration Statement

   OLD MUTUAL PLC
   ISIN CODE: GB00B77J0862
   JSE SHARE CODE: OML
   NSX SHARE CODE: OLM
   ISSURE CODE: OLOML
   Old Mutual plc

   Ref 104/14
   30 June 2014

   OM ASSET MANAGEMENT FILES S-1 REGISTRATION STATEMENT
   
   Old Mutual plc (“Old Mutual” or “the Group”) today announces that OM Asset Management Limited
   (“OMAM”), a newly formed holding company for the Group’s US-based institutional asset
   management business, has filed an S-1 registration statement with the US Securities and Exchange
   Commission (“SEC”) in preparation for the proposed Initial Public Offering (“IPO”) of a minority of the
   ordinary shares of OMAM beneficially owned by the Group.
   
   The registration statement relating to the offering may be obtained by visiting the SEC website at
   www.sec.gov or by contacting the joint bookrunning managers for the IPO: BofA Merrill Lynch,
   Attention: Prospectus Department, 222 Broadway, New York, NY 10038, email:
   dg.prospectus_requests@baml.com or Morgan Stanley & Co. LLC, Attention: Prospectus
   Department, 180 Varick Street, Second Floor, New York, NY 10014 or Citigroup, c/o Broadridge
   Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or Credit Suisse Securities
   (USA) LLC, Attention: Credit Suisse Prospectus Department, One Madison Avenue, New York,
   NY 10010, e-mail: newyork.prospectus@credit-suisse.com.
  
   Group shareholders should be aware of the statement, since it contains more detailed management
   discussion and analysis regarding OMAM than is included in Old Mutual’s 2013 Annual Report and
   Accounts.

   A registration statement relating to these securities has been filed with the Securities and Exchange
   Commission but has not yet become effective. The securities may not be sold nor may offers to buy
   be accepted prior to the time the registration statement becomes effective.

   This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities,
   nor shall there be any sale of these securities in any state or jurisdiction in which such offer,
   solicitation or sale would be unlawful prior to registration or qualification under the securities laws of
   that state or jurisdiction.

   Enquiries
   External communications
   Patrick Bowes                     UK       +44 20 7002 7440
   Investor relations
   Dominic Lagan                     UK       +44 20 7002 7190

   Media
   William Baldwin-Charles                    +44 20 7002 7133
                                              +44 7834 524833
   Notes to Editors

   Old Mutual provides investment, savings, insurance and banking services to more than 16 million customers in
   Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the
   London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2013, the Group reported adjusted operating profit before tax of £1.6 billion (on
an IFRS basis) and had £294 billion of funds under management from core operations.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com

About OM Asset Management

OMAM is a global, multi-boutique asset management company with approximately $203 billion of assets under
management as of March 31, 2014 through a diverse portfolio of asset managers that serve institutional investors
around the world. Headquartered in Boston, OMAM’s business model combines the investment talent,
entrepreneurialism, focus and creativity of leading independent asset management boutiques with the resources
and capabilities of a larger firm.

Lead sponsor:
Merrill Lynch South Africa (Pty) Ltd

Joint sponsor:
Nedbank Capital

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