To view the PDF file, sign up for a MySharenet subscription.

OLD MUTUAL PLC - OM Asset Management Announces the Launch of an Initial Public Offering

Release Date: 23/09/2014 12:12
Code(s): OML     PDF:  
Wrap Text
OM Asset Management Announces the Launch of an Initial Public Offering

   OLD MUTUAL PLC
   ISIN CODE: GB00B77J0862
   JSE SHARE CODE: OML
   NSX SHARE CODE: OLM
   ISSURE CODE: OLOML
   Old Mutual plc
   
   Ref 199/14
   23 September 2014


   OM ASSET MANAGEMENT ANNOUNCES THE LAUNCH OF AN INITIAL PUBLIC OFFERING

   Old Mutual plc (“Old Mutual”) today announces that it has launched the initial public offering (“IPO”) of
   its subsidiary OM Asset Management Limited, the holding company for Old Mutual’s US-based
   institutional asset management business. Old Mutual intends to sell 22,000,000, or 18.3%, of OM
   Asset Management’s ordinary shares at a price per share range between $15.00 and $17.00.

   Old Mutual has also granted the underwriters a 30-day over-allotment option to purchase up to an
   additional 3,300,000 shares. The ordinary shares have been approved to trade on the New York
   Stock Exchange under the symbol “OMAM”. The offering is being made through global co-ordinators
   and joint book-running managers BofA Merrill Lynch, Morgan Stanley & Co. LLC, Citigroup, and
   Credit Suisse Securities (USA) LLC.

   The prospectus relating to the offering may be obtained from: 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.

   OM Asset Management is a global, multi-boutique asset management company with approximately
   $215 billion of assets under management as of 30 June 2014 through a diverse portfolio of asset
   managers that serve institutional investors around the world. A registration statement relating to these
   securities has been filed with the Securities and Exchange Commission but has not yet become
   effective. These securities may not be sold nor may offers to buy be accepted prior to the time the
   registration statement becomes effective.

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

   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


Lead Sponsor:
Merrill Lynch South Africa (Pty) Ltd

Joint Sponsor:
Nedbank Capital

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

Date: 23/09/2014 12:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story