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OLD MUTUAL PLC - Old Mutual Plc Suspension of Trading

Release Date: 25/06/2018 08:33
Code(s): OML     PDF:  
Wrap Text
Old Mutual Plc – Suspension of Trading

   OLD MUTUAL PLC
   ISIN CODE: GB00B77J0862
   JSE SHARE CODE: OML
   NSX SHARE CODE: OLM
   ISSUER CODE: OLOMOL
   Old Mutual plc

   Ref 222/18
   25 June 2018

   OLD MUTUAL PLC – SUSPENSION OF TRADING

   Old Mutual plc Shares were this morning suspended from the UK Official List and from trading on the
   London Stock Exchange’s main market for listed securities, and from the Johannesburg Stock
   Exchange, the Namibian Stock Exchange and the Zimbabwe Stock Exchange, and have already been
   suspended on the Malawi Stock Exchange.


    Enquiries
    External communications

    Patrick Bowes                                  +44 20 7002 7440


    Investor relations

    Dominic Lagan (Old Mutual plc)                 +44 20 7002 7190
    John-Paul Crutchley (Quilter)                  +44 20 7002 7016
    Nwabisa Piki (Old Mutual Emerging Markets)     +27 11 217 1951


    Media

    William Baldwin-Charles                        +44 20 7002 7133

                                                   +44 7834 524833
   JSE Sponsor:
   Merrill Lynch South Africa (Pty) Limited


   Notes to Editors

   About Old Mutual plc
   Old Mutual plc is a holding company for several financial services companies. In March 2016, it announced a new
   strategy of managed separation entailing the separation of its underlying businesses into independently-listed,
   standalone entities.

       The two businesses below are now independent from Old Mutual.
       BrightSphere Investment Group, a US based institutional asset manager, which rebranded from OM Asset
       Management in March 2018,

       Quilter: Quilter (formerly Old Mutual Wealth) is a leader in the UK and in selected offshore markets in wealth
       management, providing advice-led investment solutions and investment platforms to over 900,000 customers,
       principally in the affluent market segment.

       The remaining businesses of Old Mutual include the following:

       OML (which includes Old Mutual Emerging Markets): OML has an ambition to become a premium financial
       services group in sub-Saharan Africa and offers a broad spectrum of financial solutions to retail and corporate
       customers across key market segments in 17 countries.

       Nedbank: Nedbank ranks as a top-5 bank by capital on the African continent and Ecobank, in which Nedbank
       maintains a 21.2% shareholding, ranks within the top-10 banks by assets on the African continent.

       For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of £2.0 billion.
       For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at
       www.oldmutualplc.com.


       FORWARD-LOOKING STATEMENTS

       This announcement contains forward-looking statements with respect to certain of Old Mutual plc's, Quilter's and
       Old Mutual Limited's plans and their current goals and expectations relating to the execution of managed
       separation. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future
       events and circumstances which are beyond Old Mutual plc's, Quilter's and Old Mutual Limited's control, including
       amongst other things, those set out in the circular published by Old Mutual plc on 20 April 2018 (the “Circular”), the
       pre-listing statement published by Old Mutual Limited on 20 April 2018 (the “OML PLS”) and the prospectus
       published by Quilter on 20 April 2018 (the “Quilter Prospectus”). As a result, the execution of Managed Separation
       may differ materially from the forward-looking statements set forth in this announcement. These forward-looking
       statements speak only as of the date on which they are made. Old Mutual plc, Quilter and OML expressly disclaim
       any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements
       contained in this announcement or any other forward-looking statements they may make.


       IMPORTANT INFORMATION

       This announcement is not an offer to sell, or a solicitation of an offer to purchase, securities in the United States or
       in any other jurisdiction.

       The securities to which these materials relate have not been and will not be registered under the US Securities Act
       of 1933, as amended (the "Securities Act"), or the securities laws of any state or other jurisdictions of the United
       States, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction
       not subject to, the registration requirements of the Securities Act. There will be no public offering of the securities
       in the United States. The securities to be issued in connection with the schemes are expected to be issued in
       reliance upon the exemption from the registration requirements of the Securities Act provided by Section 3(a)(10).
       The release, publication or distribution of this announcement, the Circular, the OML PLS and the Quilter Prospectus
       in jurisdictions other than South Africa, the United Kingdom, Malawi, Namibia and Zimbabwe may be restricted by
       law and therefore persons in whose possession any of this announcement, the Circular, the OML PLS and the
       Quilter Prospectus comes should inform themselves about, and observe, any such applicable restrictions or
       requirements. Any failure to comply with such restrictions or requirements may constitute a violation of the
       securities laws and regulations of any such jurisdiction. To the fullest extent permitted by applicable law, the
       companies involved in the Proposals to finalise the managed separation disclaim any responsibility or liability for
       the violation of such restrictions or requirements by any person.

       This announcement does not comprise a prospectus or a prospectus equivalent document. Neither this
       announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer
       or commitment whatsoever in any jurisdiction.

       The information contained in this announcement constitutes factual information as contemplated in section 1(3)(a)
       of the South African Financial Advisory and Intermediary Services Act, 37 of 2002, as amended ("FAIS Act") and
       should not be construed as an express or implied recommendation, guide or proposal that any particular transaction
       in respect of any securities or in relation to the business or future investments of Old Mutual plc, OML or Quilter is
       appropriate to the particular investment objectives, financial situations or needs of a prospective investor. Nothing
       in this announcement should be construed as constituting the canvassing for, or marketing or advertising of,
       financial services in South Africa, the United Kingdom, Malawi, Namibia, Zimbabwe or any other jurisdiction.
       N M Rothschild & Sons Limited (“Rothschild”), which is authorised and regulated in the United Kingdom by the
       FCA, is acting as joint financial adviser to Old Mutual plc and for no one else in relation to the Global Offer and will
       not be responsible to anyone other than Old Mutual plc for providing the protections afforded to clients of
       Rothschild, nor for providing advice in relation to the Global Offer or any other matter or arrangement referred to in
       this document. This statement does not seek to limit or exclude responsibilities or liabilities which may arise under
       the FSMA or the regulatory regime established thereunder.

       Merrill Lynch International (“BofA Merrill Lynch”), which is authorised by the Prudential Regulation Authority and
       regulated by the FCA and the Prudential Regulation Authority in the United Kingdom, is acting as joint financial
       adviser and sponsor to Old Mutual plc and for no one else in relation to the managed separation and will not be
       responsible to anyone other than Old Mutual plc for providing the protections afforded to clients of BofA Merrill
       Lynch, nor for providing advice in relation to the managed separation or any other matter or arrangement referred
       to in this document. This statement does not seek to limit or exclude responsibilities or liabilities which may arise
       under the FSMA or the regulatory regime established thereunder.


Date: 25/06/2018 08:33:00 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
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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.

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