Key Developments: Man Group PLC (EMG.L)
124.90GBp
11:40am EDT
-8.60p (-6.44%)
133.50p
127.50p
128.00p
123.39p
17,349,733
13,083,024
136.00p
61.10p
Latest Key Developments (Source: Significant Developments)
Man Group PLC Recommends Final Dividend
Man Group PLC announced that it will recommend a final dividend of 12.5 cents per share for the financial year to December 31, 2012, giving a total dividend of 22 cents per share for the year. This dividend will be paid at the rate of 8.26 pence per share. The Ex-dividend date is April 24, 2013, record date April 26, 2013 and payment date is May 17, 2013. Full Article
Man Group PLC Announces Management Changes
Man Group PLC announced that Peter Clarke, Chief Executive, has advised the Company of his intention to retire as Chief Executive and to step down from the Board on February 28,2013. Following a rigorous evaluation process conducted by the Board, which involved an assessment of external as well as internal candidates, Peter will be succeeded as Chief Executive by Emmanuel ("Manny") Roman, currently President and Chief Operating Officer. Full Article
Man Group Plc Completes Acquisition Of FRM Holdings Limited
Man Group Plc announced that further to the announcement dated May 21, 2012, Man Group plc (Man), has completed its acquisition of FRM Holdings Limited Full Article
Man Group Plc Completes Acquisition Of FRM Holdings Limited
Man Group Plc announced that further to the announcement dated May 21, 2012, Man Group plc (Man), has completed its acquisition of FRM Holdings Limited Full Article
Man Group Plc Appoints New Finance Director
Man Group Plc announced that Kevin Hayes, who joined as Finance Director in 2007, is leaving the Company to pursue other professional and personal interests. Jonathan Sorrell, Man's Head of Strategy and Corporate Finance, is taking over as Finance Director with immediate effect. Full Article
Man Group Plc Appoints New Finance Director
Man Group Plc announced that Kevin Hayes, who joined as Finance Director in 2007, is leaving the Company to pursue other professional and personal interests. Jonathan Sorrell, Man's Head of Strategy and Corporate Finance, is taking over as Finance Director with immediate effect. Full Article
Man Group Plc To Exit UK Blue Chip Index-Reuters
Reuters reported that Man Group Plc will be demoted from Britain's FTSE 100. FTSE following the index's latest quarterly review, with Babcock International moving the other way from the midcaps, index provider FTSE said. Man Group shares have nearly halved in value since the last FTSE review in March, with clients withdrawing money from the group's funds as markets were roiled by the euro zone debt crisis. Man Group shares were in 156th place, while Babcock was placed 83rd, based on market capitalisation data for Friday's close, according to Thomson Reuters Starmine data. This quarter's review used the closing prices from Friday, rather than the usual Tuesday closing prices because of this week's two UK bank holidays, but the changes had to be confirmed by a FTSE committee on Wednesday. Full Article
Man Group Plc To Exit UK Blue Chip Index-Reuters
Reuters reported that Man Group Plc will be demoted from Britain's FTSE 100. FTSE following the index's latest quarterly review, with Babcock International moving the other way from the midcaps, index provider FTSE said. Man Group shares have nearly halved in value since the last FTSE review in March, with clients withdrawing money from the group's funds as markets were roiled by the euro zone debt crisis. Man Group shares were in 156th place, while Babcock was placed 83rd, based on market capitalisation data for Friday's close, according to Thomson Reuters Starmine data. This quarter's review used the closing prices from Friday, rather than the usual Tuesday closing prices because of this week's two UK bank holidays, but the changes had to be confirmed by a FTSE committee on Wednesday. Full Article
Man Group Plc To Acquire FRM Holdings Limited
Man Group Plc announced that it has agreed to acquire the entire issued share capital of FRM Holdings Limited (Financial Risk Management FRM), a global hedge fund research and investment specialist with funds under management of approximately $8.0 billion. Man will integrate FRM with its multi-manager business and, through combined resources and scale. No consideration will be paid up front. The contingent consideration to be paid over three years comprises; a maximum of $82.8 million in cash, net of total net assets acquired and dependent on asset retention a 47.5% share of performance fees attributable to FRM's existing funds under management over three years, subject to a cap. Upon completion, the combined business will trade under the FRM brand and will be led by Luke Ellis, Chief Executive of Man Multi-Manager and previously Managing Director of FRM. Blaine Tomlinson, founder of FRM, will become non-executive Chairman of the combined business. The Acquisition will involve a scheme of arrangement under Jersey law and is also subject to the satisfaction or waiver of customary conditions (including receipt of regulatory approvals including from the FSA). It is expected to be completed before the end of Q3 2012. Full Article
Man Group Plc To Acquire FRM Holdings Limited
Man Group Plc announced that it has agreed to acquire the entire issued share capital of FRM Holdings Limited (Financial Risk Management FRM), a global hedge fund research and investment specialist with funds under management of approximately $8.0 billion. Man will integrate FRM with its multi-manager business and, through combined resources and scale. No consideration will be paid up front. The contingent consideration to be paid over three years comprises; a maximum of $82.8 million in cash, net of total net assets acquired and dependent on asset retention a 47.5% share of performance fees attributable to FRM's existing funds under management over three years, subject to a cap. Upon completion, the combined business will trade under the FRM brand and will be led by Luke Ellis, Chief Executive of Man Multi-Manager and previously Managing Director of FRM. Blaine Tomlinson, founder of FRM, will become non-executive Chairman of the combined business. The Acquisition will involve a scheme of arrangement under Jersey law and is also subject to the satisfaction or waiver of customary conditions (including receipt of regulatory approvals including from the FSA). It is expected to be completed before the end of Q3 2012. Full Article
UPDATE 2-Hedge fund firm Man Group shares surge on debt buyback
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