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

OLD MUTUAL PLC - OM Asset Management Announces Pricing of US IPO

Release Date: 09/10/2014 08:00
Code(s): OML     PDF:  
Wrap Text
OM Asset Management Announces Pricing of US IPO

OLD MUTUAL PLC
ISIN: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Old Mutual plc
Ref 219/14

9 October 2014

OM ASSET MANAGEMENT ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING

Old Mutual plc (“Old Mutual” or “the Group”) today announces that the initial public offering of
22,000,000 ordinary shares of OM Asset Management has been priced at $14.00 per share.
Shares of OM Asset Management are expected to begin trading today on the New York Stock
Exchange under the ticker symbol “OMAM”. The offering is expected to close on 15 October
2014.

The underwriters have a 30-day option to purchase up to an additional 3,300,000 shares from
Old Mutual at the initial public offering price, less the underwriting discount, to cover over-
allotments, if any.

Gross proceeds realised by Old Mutual will be $308 million. Proceeds after offering costs will
be used for general corporate purposes.

BofA Merrill Lynch, Morgan Stanley, Citigroup and Credit Suisse are acting as joint book
running managers for the offering.

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.

The prospectus may also be obtained, when available, for free by visiting the Securities and
Exchange Commission’s website at http://www.sec.gov.

OM Asset Management is a global, multi-boutique asset management company with
approximately $221 billion of assets under management as of 31 August 2014 through a
diverse portfolio of asset managers that serve institutional investors around the world. Its
business model combines the investment, talent, entrepreneurialism, focus and creativity of
leading asset management boutiques with the resources of and capabilities of a larger firm.
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.
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, please visit the corporate website at
www.oldmutual.com

Sponsor
Merrill Lynch South Africa (Pty) Ltd

Date: 09/10/2014 08:00:00 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