Key Developments: Man Group PLC (EMG.L)

EMG.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Man Group PLC announces share repurchase programme
Thursday, 6 Mar 2014 02:00am EST 

Man Group PLC:Enters into arrangement with Goldman Sachs International to repurchase on its behalf shares in the company, up to a maximum consideration of $115 million during the period from March 6 up to and including Dec. 19.  Full Article

Man Group PLC announces spin out of Man Investments Canada Corp
Monday, 3 Mar 2014 04:31pm EST 

Man Group PLC (Man) and the management of Man Investments Canada Corp(MICC):Enters into a mutual agreement for Man to spin out its wholly-owned subsidiary, MICC to Management. The transaction, which is subject to regulatory approval, is expected to close in the second calendar quarter of 2014.Proposed transaction will allow Man to focus on its institutional business in Canada.  Full Article

Man Group PLC's board proposes to pay final dividend
Thursday, 27 Feb 2014 02:00am EST 

Man Group PLC:Proposes to pay final dividend of 5.3 cents per share bringing total dividend for the year to 7.9 cents.  Full Article

Man Group PLC Declares Interim Dividend
Friday, 2 Aug 2013 02:00am EDT 

Man Group PLC announced that the board has declared an interim dividend for the year to December 31, 2013 of 2.6 cents per share, being the adjusted management fee earnings per share for the six months to June 30, 2013. The Ex dividend date is August 14, 2013, the Record date August 16, 2013 and dividend payment date is September 4, 2013.  Full Article

Man Group PLC Recommends Final Dividend
Wednesday, 27 Feb 2013 07:07pm EST 

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
Monday, 10 Dec 2012 09:45am EST 

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

Fitch Rates Man Group plc's Guaranteed Subordinated Notes 'BBB-(EXP)'

(The following statement was released by the rating agency) LONDON, September 01 (Fitch) Fitch Ratings has assigned Man Group plc's potential issue of US dollar-denominated fixed rate reset callable dated subordinated notes guaranteed by Man Strategic Holdings Limited (BBB/Stable) an expected rating of 'BBB-(EXP)'. The final rating assignment is contingent on the receipt of final documentation conforming to information already received and the exchange offer being completed. KEY RATING DRIV

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