OM Asset Management S-1 registration statement

RNS Number : 8839K

Old Mutual PLC

30 June 2014

 



Old Mutual plc

Ref 104/14

30 June 2014

Om asset management files s-1 registration statement

Old Mutual plc ("Old Mutual" or "the Group") today announces that OM Asset Management Limited ("OMAM"), a newly formed holding company for the Group's US-based institutional asset management business, has filed an S-1 registration statement with the US Securities and Exchange Commission ("SEC") in preparation for the proposed Initial Public Offering ("IPO") of a minority of the ordinary shares of OMAM beneficially owned by the Group.

The registration statement relating to the offering may be obtained by visiting the SEC website at www.sec.gov or by contacting the joint bookrunning managers for the IPO: BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, email: [e-mail] 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: [e-mail].

Group shareholders should be aware of the statement, since it contains more detailed management discussion and analysis regarding OMAM than is included in Old Mutual's 2013 Annual Report and Accounts.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.  The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, 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 that state or jurisdiction.

Enquiries

External communications

Patrick Bowes                           UK        [phone]

Investor relations

Dominic Lagan                           UK        [phone]

Media

William Baldwin-Charles                         [phone]

                                                            [phone]

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 plc, please visit the corporate website at www.oldmutual.com

About OM Asset Management

OMAM is a global, multi-boutique asset management company with approximately $203 billion of assets under management as of March 31, 2014 through a diverse portfolio of asset managers that serve institutional investors around the world.  Headquartered in Boston, OMAM's business model combines the investment talent, entrepreneurialism, focus and creativity of leading independent asset management boutiques with the resources and capabilities of a larger firm.

 

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