Results of GLG Stockholder Me

RNS Number : 2823U

Man Group plc

12 October 2010

 



For immediate release

12 October 2010

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

MAN GROUP PLC

Recommended acquisition of GLG Partners, Inc. - Results of GLG Stockholder Meeting

Further to the announcement made by GLG Partners, Inc. ("GLG") earlier today, Man Group plc ("Man") announces today that the affirmative vote in favour of the proposal to adopt the Merger Agreement was obtained from the GLG Stockholders at the GLG Stockholder Meeting held earlier today.

Completion of the recommended acquisition by Man of GLG remains conditional upon, amongst other things, admission to listing on the Official List of the UKLA and to trading of the new Man shares to be issued to the GLG Selling Stockholders on the London Stock Exchange's main market for listed securities ("Admission") and the Merger becoming effective. Admission is expected to occur at 8 a.m. on or around 14 October 2010 with completion of the Acquisition to occur shortly thereafter.

Terms defined in the circular to Man Shareholders dated 6 August 2010 have the same meanings when used in this announcement.

Enquiries:

Man Group plc
Miriam McKay, Head of Investor Relations and Financial Communications	Tel: [phone]
Maitland (PR adviser to Man)
George Trefgarne	Tel: [phone]
Perella Weinberg Partners (Lead financial adviser to Man)
Philip Yates	Tel: [phone]
Graham Davidson
Toby Rolls
Merrill Lynch International (financial adviser, sponsor and corporate broker to Man)
Simon Fraser	Tel: [phone]
Matthew Watkins

Perella Weinberg Partners, which is authorised and regulated in the United Kingdom by the FSA, is acting as lead financial adviser to Man and no-one else in connection with the matters set out in this announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on Perella Weinberg Partners by FSMA or the regulatory regimes established thereunder, Perella Weinberg Partners accepts no responsibility to any person other than Man for providing the protections afforded to clients of Perella Weinberg Partners, nor for providing advice in relation to any matter referred to herein.

Merrill Lynch International, which is authorised and regulated in the United Kingdom by the FSA, is acting as financial adviser and sponsor to Man and no-one else in connection with the matters set out in this announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on Merrill Lynch International by FSMA or the regulatory regimes established thereunder, Merrill Lynch International accepts no responsibility to any person other than Man for providing the protections afforded to customers of Merrill Lynch International nor for providing advice in relation to any matter referred to herein.

This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. Shareholders of Man and stockholders of GLG are advised to read carefully the formal documentation in relation to the Acquisition.

The new Man shares to be issued in connection with the Acquisition to certain holders of GLG Common Stock may not be offered, sold, or, delivered, directly or indirectly, in, into or from the United States absent registration under the US Securities Act or an applicable exemption from registration.

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. This announcement has been prepared for the purposes of complying with English law and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of England.

 

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