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Old Mutual PLC (OML.L)

OML.L on London Stock Exchange

28 Apr 2017
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-1.50 (-0.77%)
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Latest Key Developments (Source: Significant Developments)

Old Mutual Wealth appoints Tim Tookey as CFO
Friday, 28 Apr 2017 02:02am EDT 

April 28 (Reuters) - :Old mutual wealth appoints tim tookey as chief financial officer.Tim tookey is currently a non-executive director of old mutual wealth and chairman of its audit committee.Tookey's appointment is subject to regulatory approval.  Full Article

Old Mutual Wealth reports Q1 funds under management of 122.3 bln stg
Friday, 28 Apr 2017 02:01am EDT 

April 28 (Reuters) - Old Mutual Plc ::Old Mutual Wealth gross, net flows and fum update Q1 2017.Funds under management (FUM) for old mutual wealth Q1 at 122.3 billion stg versus 115.3 billion stg year ago.Q1 net client cash flow (NCCF) for old mutual wealth 2.7 billion stg versus 1.7 billion stg year ago.Old mutual wealth says markets will remain volatile and challenging in medium- term, until outcome of general election and greater details on brexit are known.  Full Article

Vodacom says independent chairman Peter Moyo will step down
Monday, 3 Apr 2017 11:05am EDT 

Vodacom Group Ltd : Peter Moyo, independent chairman will retire and step down from board at AGM to be held on July 18 .Moyo will be joining Old Mutual Emerging Markets as its CEO in June 2017.  Full Article

Old Mutual appoints Peter Moyo as CEO Old Mutual emerging markets
Monday, 3 Apr 2017 09:25am EDT 

Old Mutual Plc : Old Mutual appoints Peter Moyo as new chief executive of Old Mutual emerging markets .Mayo will take up his new position on June 1, 2017.  Full Article

Coronation Asset Management discloses 3.84 pct voting rights in Old Mutual - filing
Wednesday, 22 Mar 2017 11:30am EDT 

Regulatory filing:Coronation asset management discloses 3.84 pct of voting rights in Old Mutual Plc on March 22 versus 4.98 percent as at Dec. 12 2016 - regulatory filing.  Full Article

Old Mutual posts 1 pct rise in FY operating profit to 1.7 bln stg
Thursday, 9 Mar 2017 02:10am EST 

Old Mutual Plc : Old mutual plc 2016 preliminary results - part 1 . Adjusted net asset value (nav) at 228.6p per share (2015: 178.9p per share) . Pre-Tax adjusted operating profit (aop) of £1.7 billion, broadly flat year-on-year in constant and reported currency . Ifrs pre-tax profit of £1.2 billion (2015: £1.2 billion), including impairments of £160 million in 2016 in respect of ecobank transnational incorporated (eti), old mutual southern and east africa (omsea) and old mutual wealth italy . Second interim dividend of 3.39p; total dividend of 6.06p . Fum (excluding rogge) at £394.9 billion up 30% . Nccf of £6.4 billion, excluding rogge (2015: £6.6 billion . Plc net operational cost savings identified of circa £95 million by 2019 from a base of 2015 . One-Off costs to unlock these net operational savings will be circa £130 million . Reduced stake in omam to 51% raising net proceeds of £230 million . Sold old mutual wealth (omw) italy for net proceeds of £210 million . Materially reduced holding company debt by £385 million, reducing annual finance costs by £21 million in 2017 . Expected one-off transaction advisory and listing costs (excluding capital items) estimated to be at least £100 million . Old mutual emerging markets' (omem) future focus will be on sub-saharan africa . Following a review of its business, omem will be implementing a new target operating model . Solvency ii ratio of 124% (1 january 2016: 138%).  Full Article

Old Mutual completes sale of Old Mutual Wealth Italy
Monday, 9 Jan 2017 05:32am EST 

Old Mutual Plc : Completion of sale of Old Mutual Wealth Italy .Proceeds will be retained for general corporate purposes.  Full Article

Old Mutual says raises $291 mln from OM Asset Management share sale
Tuesday, 20 Dec 2016 02:43am EST 

Old Mutual Plc : Says OM Asset Management announced today closed its underwritten public offering of 14.95 million of its ordinary shares. . Says following sale, Old Mutual now owns 51.1 pct of OMAM. . Says shares were sold by Old mutual at a public offering price of $14.25 per share. .Says Old Mutual will realise gross proceeds less underwriting discount from offering of $291 million..  Full Article

OM Asset Management announces results of shares placing
Tuesday, 20 Dec 2016 02:32am EST 

OM Asset Management Plc : Closing of offering of 14.95 million of ordinary shares . BofA Merrill Lynch, Morgan Stanley & Co. Llc, Citigroup, Credit Suisse Securities (USA) Llc, Evercore ISI acted as joint bookrunning managers . Shares were sold by Old Mutual Plc ('Old Mutual') at a public offering price of $14.25 per share. .Old Mutual will realise gross proceeds less underwriting discount from offering of $291 million..  Full Article

Om Asset Management prices secondary offering at $14.25 per share
Wednesday, 14 Dec 2016 02:00am EST 

Old Mutual Plc : Om Asset Management Announces Pricing Of Secondary Offering . Pricing of public offering of 13 million of its ordinary shares at a public offering price of $14.25 per share . Expects to repurchase 6 mln ordinary shares directly from OM Group (UK) Limited was also priced at $14.25 per share .Public offering is expected to close on 19 December 2016.  Full Article

More From Around the Web

Old Mutual sells India insurance JV stake for $200 mln

LONDON, April 28 Anglo-South African financial services group Old Mutual is selling its 26 percent stake in an Indian insurance joint venture for 156 million pounds ($201.75 million), as part of the group's planned break-up into four parts.