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

Release Date: 09/06/2015 08:00
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
       ISSUER CODE: OLOMOL
       Old Mutual Plc

       Ref 439/15
       9 June 2015


       OM ASSET MANAGEMENT FILES S-1 REGISTRATION STATEMENT

       Old Mutual plc (“Old Mutual”) announces that OM Asset Management plc (“OMAM”) has filed a
       registration statement on Form S-1 with the US Securities and Exchange Commission (“SEC”) in
       preparation for a proposed public offering of OMAM’s ordinary shares (“OMAM Shares”) by Old
       Mutual. The number of OMAM Shares to be offered and the price range for the proposed offering
       have not yet been determined.

       The proceeds to Old Mutual from the proposed offering are expected to be used for general corporate
       purposes. OMAM will not sell any shares in the proposed offering and thus will not receive any
       proceeds from the offering.

       The proposed offering is expected to be made through global coordinators and joint book-running
       managers BofA Merrill Lynch, Morgan Stanley & Co. LLC, Citigroup, and Credit Suisse Securities
       (USA) LLC.

       A registration statement relating to these securities has been filed with the SEC, 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.

       Copies of the preliminary prospectus relating to the proposed offering may be obtained from: BofA
       Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, email:
       dg.prospectus_requests@baml.com; Morgan Stanley & Co. LLC, Attention: Prospectus Department,
       180 Varick Street, Second Floor, New York, NY 10014; 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.

       This press 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 offer, solicitation or sale
       would be unlawful prior to registration or qualification under the securities laws of any such state or
       jurisdiction.

       Enquiries
       Investor relations
       Patrick Bowes                     UK       + 44 20 7002 7440
       Dominic Lagan                     UK       + 44 20 7002 7190
       Sizwe Ndlovu                      SA       + 27 11 217 1163

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


       Sponsor:
       Merrill Lynch South Africa (Pty) Ltd

       Joint Sponsor:
       Nedbank Capital

       Notes to Editors
       About Old Mutual plc
       Old Mutual provides investment, savings, insurance and banking services to more than 17 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 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on
       an IFRS basis) and had £319 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 OMAM
       OMAM is a global, multi-boutique asset management company with $224.0 billion of assets under management
       as of 31 March 2015. Its diverse Affiliates offer leading, alpha generating investment products to investors around
       the world. OMAM’s partnership approach, which includes equity ownership at the Affiliate level and a profit
       sharing relationship between OMAM and its Affiliates, aligns the interests of OMAM and its Affiliates to work
       collaboratively in accelerating their growth. OMAM’s business model combines the investment talent,
       entrepreneurialism, focus and creativity of leading asset management boutiques with the resources and
       capabilities of a larger firm.


       Forward-Looking Statements
       The information in this release contains forward-looking information that involves substantial risks and
       uncertainties regarding the proposed offering. Such risks and uncertainties include, among other things, the
       possibility that the proposed offering will not be completed within a particular time frame or at a particular offering
       amount, or at all, including as a result of regulatory, market or other factors. Old Mutual assumes no obligation to
       update forward-looking statements contained in this release as the result of new information, future events or
       developments.



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