Acquisition

RNS Number : 6715C

Man Group plc

20 January 2015

 



Acquisition of Silvermine Capital Management LLC by Man Group plc

NEW YORK and LONDON, 20 January 2015 -- Man Group plc ("Man Group") announced today that it has completed the previously announced acquisition of Silvermine Capital Management LLC.

Enquiries:

Fiona Smart 
Head of Investor Relations
[phone] 
[e-mail]

Rosanna Konarzewski 
Global Head of Communications 
[phone] 
[e-mail] 

Finsbury (UK enquiries)

James Bradley/Michael Turner

[phone]

[e-mail]

Prosek Partners (US enquiries)

Brian Schaffer/Caroline Harris-Gibson 
[phone]  
[e-mail]/[e-mail]

Notes to editors:

About Man Group

Man Group is a leading investment management business with a diverse offering in hedge funds and long only products across equity, credit, managed futures, convertibles, emerging markets, global macro and multi-manager solutions. At 30 September 2014, Man Group's funds under management were $72.3 billion. The original business was founded in 1783. Today, Man Group is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index with a market capitalisation of around £2.9 billion. Man Group also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at www.man.com.

Forward-looking statements and other important information

This document contains forward-looking statements with respect to the financial condition, results and business of Man Group plc. By their nature, forward looking statements involve risk and uncertainty and there may be subsequent variations to estimates. Man Group plc's actual future results may differ materially from the results expressed or implied in these forward-looking statements.

The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

Nothing in this announcement should be construed as or is intended to be a solicitation for or an offer to provide investment advisory services.

Nothing in this announcement is intended to be a profit forecast or a profit estimate for any period or a forecast of future profits and statements relating to earnings accretion or enhancement should not be interpreted to mean that earnings per Man ordinary share for the current or future financial periods will necessarily match or exceed its historical published earnings per share.

 

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