Edition:
India

Old Mutual PLC (OMLJ.J)

OMLJ.J on Johannesburg Stock Exchange

3,596.00ZAc
15 Dec 2017
Change (% chg)

-57.00 (-1.56%)
Prev Close
3,653.00
Open
3,638.00
Day's High
3,649.00
Day's Low
3,559.00
Volume
18,750,937
Avg. Vol
7,959,502
52-wk High
3,699.00
52-wk Low
3,154.00

Latest Key Developments (Source: Significant Developments)

Old Mutual says OM Asset Management closes underwritten public offering
Monday, 20 Nov 2017 

Nov 20 (Reuters) - OLD MUTUAL PLC ::ANNOUNCES CLOSING OF AN UNDERWRITTEN PUBLIC OFFERING OF 6,039,630 OF ITS ORDINARY SHARES FOR AGGREGATE PROCEEDS OF APPROXIMATELY $94 MILLION​.‍PROCEEDS TO OLD MUTUAL FROM OFFERING ARE EXPECTED TO BE USED FOR GENERAL CORPORATE PURPOSES​.‍MORGAN STANLEY & CO. LLC ACTED AS SOLE BOOKRUNNING MANAGER FOR PUBLIC OFFERING​.  Full Article

Old mutual's OMAMA says pricing of public offering of 6,039,630 ordinary shares
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - OLD MUTUAL PLC ::SAYS ‍OM ASSET MANAGEMENT PLC ANNOUNCES PRICING OF PUBLIC OFFERING OF 6,039,630 OF ORDINARY SHARES FOR AGGREGATE PROCEEDS OF ABOUT $94 MILLION​.‍PUBLIC OFFERING IS EXPECTED TO CLOSE ON 17 NOVEMBER 2017​.‍ORDINARY SHARES ARE BEING OFFERED BY OLD MUTUAL PLC ('OLD MUTUAL'), THROUGH ITS WHOLLY OWNED SUBSIDIARY, OM GROUP (UK) LIMITED​.‍OMAM WILL NOT SELL ANY SHARES IN OFFERING AND WILL NOT RECEIVE ANY PROCEEDS FROM SALE OF SHARES​.  Full Article

Old Mutual Wealth Solvency 2 ratio over 170 pct-CEO
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Old Mutual Plc :Old mutual wealth ceo paul feeney says ~unit has solvency 2 ratio of more than 170 percent.  Full Article

Old Mutual completes sale of OM Asset Management shares to HNA Capital US​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Old Mutual Plc :‍Old Mutual plc ("old mutual") today announces that sale of second tranche of OM Asset Management ("omam") shares to HNA Capital US has completed​.‍Old Mutual's remaining holding in OMAM is now 5.5%​.  Full Article

Old Mutual ‍OML strategic minority shareholding in Nedbank​
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - OLD MUTUAL PLC :‍STRATEGIC MINORITY SHAREHOLDING TO BE RETAINED IN NEDBANK GROUP TO UNDERPIN ONGOING COMMERCIAL RELATIONSHIP BETWEEN COMPANIES HAS BEEN AGREED AT 19,9%.‍19,9% SHAREHOLDING WILL BE HELD BY OML, WHICH WILL HAVE A PRIMARY LISTING ON JSE AND A SECONDARY LISTING ON LONDON STOCK EXCHANGE.​.‍OML WILL BE LISTED ON BOTH EXCHANGES AT EARLIEST OPPORTUNITY IN 2018 FOLLOWING PUBLICATION OF OLD MUTUAL PLC'S 2017 FULL-YEAR RESULTS ANNOUNCEMENT.​.  Full Article

Old Mutual cuts stake in Indivior to 4.36 pct
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Indivior Plc :OLD MUTUAL CUTS STAKE IN INDIVIOR TO 4.36 PERCENT FROM 7.01 PERCENT STAKE EARLIER- FILING‍​.  Full Article

Old Mutual says OMEM retains full-year earnings forecast
Thursday, 25 May 2017 

May 25 (Reuters) - Old Mutual Plc ::OMEM continues to have expectations for moderate full year earnings growth.  Full Article

OM Asset Management launches public offering, signs repurchase agreement with Old Mutual
Tuesday, 13 Dec 2016 

Old mutual plc : Jse: Oml - Om Asset Management Launches Public Offering And Enters Into A Repurchase Agreement With Old Mutual Plc . Proceeds to Old Mutual from proposed offering and repurchase agreement are expected to be used for general corporate purposes . BofA Merrill lynch, Morgan Stanley & Co. LLC, Citigroup, Credit Suisse Securities (USA) LLC and Evercore ISI are acting as joint bookrunning managers for offering . Om Asset Management Plc ("omam") has launched a public offering of 13 million of its ordinary shares . Ordinary shares are being offered by Old Mutual, through its wholly owned subsidiary, OM Group (UK) limited . Underwriters also have a 30-day option to purchase up to an additional 1.95 million ordinary shares at public offering price . Omam agreed to repurchase 6 million ordinary shares directly from OM Group .Old Mutual intends to continue reduction of its holdings in omam in an orderly manner which balances value, cost, time, and risk.  Full Article

Old Mutual sees 2016 corporate costs in-line with a year earlier
Tuesday, 11 Oct 2016 

Old Mutual Plc : Old mutual plc - capital markets day . Intend to continue with phased reduction of our 66% holding in omam in an orderly manner while supporting development of its strategy . Omw has announced that for three months ended 30 september 2016, it recorded net client cash flow of £0.9 billion (q3 2015: £2.3 billion) . Through asset disposals and use of old mutual's surplus cash, we intend to materially reduce old mutual's holding company debt . Omw had funds under management of £119 billion (fy 2015: £104 billion) for 3 mths ended sept 30 . Old mutual - currently estimated at £5 million to £10 million per annum; and one-off costs of between £50-£65 million for winding down head office and its activities in london. . Corporate costs in 2016 are expected to be in line with 2015 . For omw, managed separation costs and business stand-alone costs in second half of 2016 are expected to be approximately £10 million .Total cost to complete re-platforming of it business platform will be in range of £425 million to £450 million, excluding any further spend on heritage.  Full Article

Old Mutual says OMAM completes investment in Landmark Partners
Friday, 19 Aug 2016 

Old Mutual Plc :OMAM completes investment in Landmark Partners.  Full Article

Old Mutual Global Investors chief near buyout deal backed by TA Associates: source

The chief of Old Mutual Global Investors (OMGI) Richard Buxton is nearing a 550 million pound buyout of the company, according to a person familiar with the matter.