Wrap Text
OM Asset Management Announces Closing of Initial Public Offering
OLD MUTUAL PLC
ISIN CODE: GB00B77J0862
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSURE CODE: OLOML
Old Mutual plc
Ref 238/14
15 October 2014
OM ASSET MANAGEMENT ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING
Old Mutual plc (“Old Mutual” or “the Group”) today announces the closing of the initial public offering of
22,000,000 ordinary shares of OM Asset Management at a price to the public of $14.00 per share.
Shares of OM Asset Management began trading on 9 October 2014 on the New York Stock Exchange
under the ticker symbol “OMAM”. The underwriters have an option, exercisable through November 7,
2014, 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.
Including the pre-offering dividend of $175 million from OM Asset Management which will also be
received today, Old Mutual will realise estimated net proceeds of $456 million from the offering and
associated transaction.
BofA Merrill Lynch, Morgan Stanley, Citigroup and Credit Suisse acted 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 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
Lead sponsor:
Merrill Lynch South Africa (Pty) Ltd
Joint sponsor:
Nedbank Capital
Date: 16/10/2014 07:05:00 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.