OMAM Announces Pricing of Secondary Offering
15 Novembre 2017 - 3:14PM
Business Wire
OM Asset Management plc (NYSE: OMAM) announced today the pricing
of a public offering of 6,039,630 of its ordinary shares for
aggregate proceeds of approximately $94 million. The public
offering is expected to close on November 17, 2017.
The ordinary shares are being offered 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.
The public offering is being made pursuant to an effective shelf
registration statement on file with the U.S. Securities and
Exchange Commission (the “SEC”). A preliminary prospectus
supplement relating to the public offering, subject to completion,
has been filed with the SEC, and a final prospectus supplement
relating to the public offering will be filed with the SEC.
Interested parties should read the prospectus included in the
registration statement and the prospectus supplement for the public
offering, and other documents that OMAM has filed with the SEC for
more complete information about OMAM and the public offering.
Copies of the preliminary prospectus supplement relating to the
public offering may be obtained, when available, from: Morgan
Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick
Street, Second Floor, New York, NY 10014.
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
$235.9 billion of assets under management as of September 30,
2017.1 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 Quarterly Report on Form 10-Q, filed with the SEC on
August 10, 2017, the Company’s Current Report on Form 8-K filed
with the Securities and Exchange Commission on November 13, 2017,
and the Company’s preliminary prospectus supplement, filed with the
Securities and Exchange Commission on November 14, 2017. 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.
1 OMAM has executed a non-binding term sheet to sell its stake
in Heitman LLC to Heitman’s management; therefore, AUM removes
Heitman
OMAM-201788.3
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OMAMBrett Perryman, 617-369-7300ir@omam.com
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