OM Asset Management plc (NYSE:OMAM) Files An 8-K Regulation FD Disclosure
ITEM 7.01
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Regulation FD.
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announced that Old Mutual plc agreed to sell a 24.95%
shareholding in the Company to HNA Capital US in a two-step
transaction for gross cash consideration of approximately $446
million. Following the transaction, Old Mutual plc’s
shareholding will reduce from 50.8% to 25.9%.
join the Company’s Board of Directors on the completion of the
first tranche of 9.95% of the Company’s shares and a second on
the completion of a second tranche of 15% of the Company’s
shares. In both cases, these directors will replace existing
nominees of Old Mutual plc.
the agreement between Old Mutual plc and HNA Capital US, a copy
of which is attached as Exhibit 99.1 hereto.
99.1 to this Form 8-K is being furnished in accordance with Item
7.01 and shall not be deemed “filed” for purposes of Section 18
of the Securities Exchange Act of 1934, as amended, except as may
be expressly set forth in a specific filing.
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ITEM 9.01
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Financial Statements and Exhibits.
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Exhibit No.
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Description
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99.1
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Press Release issued by the Company on March 25, 2017
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About OM Asset Management plc (NYSE:OMAM)
OM Asset Management plc is a multi-boutique asset management company. The Company operates its business through its approximately seven affiliate firms (Affiliates). The Company is an indirect subsidiary of Old Mutual plc, which is an investment, savings, insurance and banking group. The Company’s Affiliates include Acadian Asset Management LLC (Acadian), Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow Hanley), Campbell Global, LLC (Campbell Global), Copper Rock Capital Partners LLC, Heitman LLC, Investment Counselors of Maryland, LLC and Thompson, Siegel & Walmsley LLC. Its affiliates offer a range of products in the United States markets equities and alternative investments, including timber and real estate. Acadian is a manager of global and international equity, fixed income and alternative strategies. Barrow Hanley is an investment manager of the United States, international and global equities, fixed income and a range of balanced investment management strategies. OM Asset Management plc (NYSE:OMAM) Recent Trading Information
OM Asset Management plc (NYSE:OMAM) closed its last trading session up +0.26 at 14.82 with 699,921 shares trading hands.