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Old Mutual PLC (OML.L)

OML.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

South Africa's Nedbank Q1 net interest margin widens
Thursday, 18 May 2017 02:01am EDT 

May 18 (Reuters) - Nedbank :Net interest income grew at mid-single digit levels.Nedbank net interest income grew at mid-single digit levels.Nedbank net interest margin (nim) for period widened ahead of full year 2016 level of 3,54% and q1 2016 level of 3,51%.Nedbank non-interest revenue grew at low-to-mid single digit levels.Nedbank nedj.j group's share of eti's attributable loss of usd 427m for fourth-quarter in 2016 was approximately r1,2bn (q1 2016: r676m loss).It will now be more challenging to achieve full 2017 year guidance provided at time of release of our 2016 annual results.  Full Article

Old Mutual Asset Management prices offering at $14.55 per share
Tuesday, 16 May 2017 02:20am EDT 

May 16 (Reuters) - Old Mutual Plc , :Om asset management plc ("omam") announced today pricing of a public offering of 17.3 million of its ordinary shares at a public offering price of $14.55 per share.Public offering is expected to close on 19 may 2017.Ordinary shares are being offered by old mutual plc, through its wholly owned subsidiary, om group (uk) limited.Underwriters also have a 30- day option to purchase up to an additional 2.595 million ordinary shares at public offering price, less underwriting discount.Omam will not sell any shares in offering and will not receive any proceeds from sale of shares.  Full Article

Old Mutual says OM Asset Management launches secondary share offering
Tuesday, 16 May 2017 02:00am EDT 

May 16 (Reuters) - Old Mutual Plc ::OMAM announces launch of secondary offering and entry into private repurchase agreement .OM Asset Management Plc has launched a public offering of 17.3 million of its ordinary shares.Ordinary shares are being offered by Old Mutual, through its wholly owned subsidiary, OM Group (UK) Ltd.Underwriters also have a 30-day option to purchase up to an additional 2.595 million ordinary shares at price set forth.Morgan Stanley & Co LLC is acting as sole book running manager for offering.  Full Article

Old Mutual Asset Management launches offering of 17.3 mln shares
Tuesday, 16 May 2017 02:00am EDT 

May 16 (Reuters) - Old Mutual Plc , :Omam announces launch of secondary offering.Old mutual plc ("old mutual") today announces that om asset management plc ("omam") has launched a public offering of 17.3 million of its ordinary shares.Ordinary shares are being offered by old mutual, through its wholly owned subsidiary, om group (uk) limited.Underwriters also have a 30-day option to purchase up to an additional 2.595 million ordinary shares at price set forth in prospectus supplement.In addition, on 14 may 2017, omam entered into a repurchase agreement with old mutual plc and om group (uk) limited pursuant to which omam agreed to repurchase 5 million ordinary shares directly from om group (uk) limited.  Full Article

Old Mutual says terminated contract with IFDS
Tuesday, 2 May 2017 03:50am EDT 

May 2 (Reuters) - Old Mutual Plc ::Terminated its contract with IFDS for "bluedoor" back-end investment administration platform.Has contracted with FNZ to deliver platform and outsourcing services..Expect an enhanced customer and adviser proposition supplied by FNZ to be operational for new business by late 2018/early 2019.Preliminary cost estimates for operational delivery of FNZ system are of order of 120-160 mln stg.New platform is expected to provide additional functionality that was not included in previous arrangements..Management estimate this would have cost in excess of a further £50 million and taken a further two years post migration to deliver..Decisions do not affect Old Mutual Plc's managed separation..  Full Article

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

More From Around the Web

Old Mutual says may launch small IPO for Old Mutual Wealth

LONDON, May 25 Anglo-South African financial services group Old Mutual may launch a small initial public offering for its UK wealth management arm as part of a planned break-up of the company, it said on Thursday.