OMAM Announces Full Exercise of Over-Allotment Option
14 Giugno 2017 - 10:38PM
Business Wire
OM Asset Management plc (NYSE: OMAM) announced today that the
underwriter of the underwritten public offering that closed on May
19, 2017 has given notice of its intention to fully exercise its
over-allotment option by purchasing an additional 2.595 million
ordinary shares of OMAM. The shares will be sold at a public
offering price of $14.55 per share. The full exercise of the
over-allotment option is expected to close on June 19, 2017.
The shares are being sold by Old Mutual plc, through its wholly
owned subsidiary, OM Group (UK) Limited. OMAM will not sell any
shares in the offering and will not receive any proceeds from the
sale of the shares.
Morgan Stanley & Co. LLC is acting as sole bookrunning
manager for the public offering.
Copies of the prospectus supplement relating to the public
offering may be obtained from: Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, Second Floor,
New York, NY 10014. The prospectus may also be obtained, for free,
by visiting the SEC’s website at www.sec.gov.
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.
About OMAM
OMAM is a global, multi-boutique asset management company with
approximately $249.7 billion in assets under management as of March
31, 2017. 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 the Company 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.
This press release includes forward-looking statements, as that
term is used in the Private Securities Litigation Reform Act of
1995, including information relating to the proposed public
offering and the proposed Repurchase Transaction. The words or
phrases ‘‘will likely result,’’ ‘‘are expected to,’’ ‘‘will
continue,’’ ‘‘is anticipated,’’ ‘‘can be,’’ ‘‘may be,’’ ‘‘aim to,’’
‘‘may affect,’’ ‘‘may depend,’’ ‘‘intends,’’ ‘‘expects,’’
‘‘believes,’’ ‘‘estimate,’’ ‘‘project,’’ and other similar
expressions are intended to identify such forward-looking
statements. Such statements are subject to various known and
unknown risks and uncertainties and readers should be cautioned
that any forward-looking information provided by or on behalf of
the Company is not a guarantee of future performance.
Actual results may differ materially from those in
forward-looking information as a result of various factors, some of
which are beyond the Company’s control, including but not limited
to those discussed above and elsewhere in this press release, in
the Company’s most recent Annual Report on Form 10-K, filed with
the Securities and Exchange Commission on February 22, 2017, the
Company’s Current Report on Form 8-K filed with the Securities and
Exchange Commission on May 15, 2017 and the Company’s prospectus
supplement filed with the Securities and Exchange Commission on May
17, 2016. Due to such risks and uncertainties and other factors,
the Company cautions each person receiving such forward-looking
information not to place undue reliance on such statements.
Further, such forward-looking statements speak only as of the date
of this press release and the Company undertakes no obligations to
update any forward looking statement to reflect events or
circumstances after the date of this press release or to reflect
the occurrence of unanticipated events.
OMAM-201757.2
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version on businesswire.com: http://www.businesswire.com/news/home/20170614006173/en/
OMAMBrett Perryman, 617-369-7300ir@omam.com
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