OMAM Announces Closing of Secondary Offering
November 17 2017 - 4:05PM
Business Wire
OM Asset Management plc (NYSE: OMAM) announced today the closing
of an underwritten public offering of 6,039,630 of its ordinary
shares for aggregate proceeds of approximately $94 million.
The shares were sold by Old Mutual plc, through its wholly owned
subsidiary, OM Group (UK) Limited. OMAM did not sell any shares in
the offering and did not receive any proceeds from the sale of the
shares.
Morgan Stanley & Co. LLC acted 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
$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 and final prospectus supplements,
filed with the Securities and Exchange Commission on November 14,
2017 and November 16, respectively. 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 On November 17, 2017, OMAM executed a binding agreement with
Heitman, pursuant to which OMAM’s ownership interest in Heitman
will be redeemed for $110 million, therefore, Heitman AUM has been
removed.
OMAM-201789.1
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version on businesswire.com: http://www.businesswire.com/news/home/20171117005821/en/
OMAMBrett Perryman, 617-369-7300ir@omam.com
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