Key Developments: Man Group PLC (EMG.L)

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Latest Key Developments (Source: Significant Developments)

Man Group Plc announces Chairman to step down
Friday, 8 May 2015 02:00am EDT 

Man Group Plc:Says Jon Aisbitt intends to step down as Chairman and as director of Man Group plc in May 2016 AGM.  Full Article

Man Group PLC recommends final dividend
Wednesday, 25 Feb 2015 02:12am EST 

Man Group PLC:Recommends final dividend of 6.1 cents per share for FY Dec. 31, 2014.Says dividend will be paid at rate of 3.95 pence per share.Payable on May 15.Record date as on April 24.Ex-dividend date is April 23.  Full Article

Man Group plc completes acquisition of Silvermine Capital Management LLC
Tuesday, 20 Jan 2015 11:00am EST 

Man Group plc:Completes the previously announced acquisition of Silvermine Capital Management LLC.  Full Article

Man Group plc announces acquisition of Silvermine Capital LLC
Wednesday, 17 Dec 2014 07:06am EST 

Man Group plc:To acquire Silvermine Capital Management LLC, a Connecticut-based leveraged loan manager with $3.8 bln of funds under management across nine active collateralised loan obligation (CLO) structures as of Nov. 30, 2014.Acquisition is expected to complete in the first quarter of 2015.  Full Article

Man Group plc announces acquisition of Merrill Lynch Alternative Investments LLC's Fund of Hedge Fund Portfolio
Monday, 8 Dec 2014 11:17am EST 

Man Group plc:Enters into a conditional agreement with Merrill Lynch Alternative Investments LLC (Merrill Lynch) to acquire the investment management contracts to manage a portfolio of multi-strategy and strategy-focused fund of hedge funds (Portfolio).Acquisition is expected to complete in the second quarter of 2015, subject to certain approvals and consents, including approval of the board of managers and investors of a US registered investment company.Man Group's fund of hedge fund arm, FRM, has been selected to manage the Portfolio following a due diligence process which assessed its investment expertise, quality of personnel, investment process and ability to service clients.Following the completion of the Acquisition, Man Group intends to offer the funds to other investors globally as well as Merrill Lynch's and US Trust's wealth management clients.  Full Article

Man Group PLC completes acquisition of Numeric Holdings
Friday, 5 Sep 2014 10:07am EDT 

Man Group PLC:Says that acquisition of Numeric Holdings LLC by Man Group plc completed on Sept. 05.  Full Article

Man Group PLC announces interim dividend
Friday, 1 Aug 2014 02:01am EDT 

Man Group PLC:Declares interim dividend for the year to Dec. 31, 2014 of 4.0 cents per share (H1 2013: 2.6 cents per share).Interim dividend will be paid at the rate of 2.37 pence per share.E x-d dividend date Aug.13.Record date Aug. 15.Dividend paid Sept. 3.  Full Article

Man Group Plc announces acquisition of Numeric Holdings LLC
Thursday, 19 Jun 2014 02:00am EDT 

Man Group Plc:Entered into conditional agreement to acquire Numeric Holdings LLC.Numeric is privately-owned, Boston-based quantitative equity manager with $14.7 bln of funds under management as at May 31.Acquisition is expected to be earnings accretive from completion.Man will pay $219 mln in cash at completion of acquisition to acquire Numeric.Consideration payable on completion will be funded from Man's existing cash resources.Numeric is to be acquired debt-free, with $3 mln of excess net assets.Initial consideration payable at completion will be subject to an adjustment in respect of actual net working capital position of Numeric at completion.  Full Article

Man Group plc announces the completion of spin out of Man Investments Canada Corp. to management
Wednesday, 11 Jun 2014 09:15am EDT 

Man Group plc:Completes previously announced transaction in respect of the spin out Man's wholly-owned subsidiary, Man Investments Canada Corp (MICC) to Management.Transaction will allow Man to focus on its institutional business in Canada.MICC has changed its name and will now conduct business in Canada as Next Edge Capital Corp.  Full Article

Man Group PLC to Acquire Pine Grove
Monday, 9 Jun 2014 02:00am EDT 

Man Group PLC:Says it has agreed to acquire Pine Grove Asset Management LLC, a US-based fund of hedge fund manager specializing in the management of credit-focused hedge fund portfolios.Closing is expected to close in the Q3 2014.Financial terms of the transaction were not disclosed.  Full Article

BRIEF-Deutsche Bank's Cryan gives up Man Group remuneration chair role

* Man Group today announces that Phillip Colebatch, senior independent director, will resume role of chairman of remuneration committee from 1 July 2015, replacing John Cryan who took on role from colebatch in may 2015.

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