Key Developments: Old Mutual PLC (OML.L)

OML.L on London Stock Exchange

209.70GBp
29 Jan 2015
Change (% chg)

1.10p (+0.53%)
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Latest Key Developments (Source: Significant Developments)

Old Mutual PLC completes Faulu Transaction
Tuesday, 1 Apr 2014 05:00am EDT 

Old Mutual PLC:Completes transaction to acquire majority share in Faulu Microfinance Bank Limited, deposit-taking microfinance business in Kenya, has become unconditional.  Full Article

Old Mutual PLC announces sale of Skandia Germany and Skandia Austria
Thursday, 27 Mar 2014 04:30am EDT 

Old Mutual PLC:Agrees to sell Skandia Germany and Skandia Austria, part of Old Mutual Wealth to Cinven and Hannover Re acquisition vehicle (shortly to be renamed Heidelberger Leben Group).Consideration for transaction is 220 mln Euro in cash, plus interest to completion.  Full Article

Old Mutual PLC announces proposed initial public offering of its US asset management business
Friday, 28 Feb 2014 08:30am EST 

Old Mutual PLC:Says that it intends to proceed with an initial public offering of a minority interest in its US Asset Management (USAM) business in 2014, subject to market conditions.Says the purpose of the offering is to enhance USAM's financial and operating flexibility to deploy capital to continue to grow and develop further its multi-boutique asset management business.  Full Article

Old Mutual PLC announces final dividend
Friday, 28 Feb 2014 04:00am EST 

Old Mutual PLC:Recommends a final dividend for the year ended Dec. 31, 2013 of 6.0 pence per share, which will be paid (subject to being approved by shareholders at the company's 2014 annual general meeting) on May 30.  Full Article

Old Mutual PLC recommends final dividend for 2013
Friday, 28 Feb 2014 02:00am EST 

Old Mutual PLC:Recommends the payment of a final dividend for 2013 of 6.0 pence per ordinary share.  Full Article

Old Mutual PLC announces Group Finance Director to leave
Friday, 13 Dec 2013 02:00am EST 

Old Mutual PLC:Says that Philip Broadley, Group Finance Director has notified the Board of his intention to leave the Group during 2014.Says it has been agreed that Broadley will continue as Group Finance Director, with all his current responsibilities, until a successor has been appointed and there has been an appropriate transition of responsibilities.Says it is anticipated that this will be after the company's Annual General Meeting in May 2014.Says the Board has put in place a process to identify Broadley's successor and will consider both internal and external candidates.  Full Article

Old Mutual PLC updates on acquisition of majority stake in Faulu Kenya DTM LTD
Thursday, 5 Dec 2013 02:00am EST 

Old Mutual PLC:Says its acquisition of a majority stake in Faulu Kenya DTM LTD (Faulu) has received the final required regulatory approvals from the Financial Services Board (FSB) of South Africa and the Central Bank of Kenya.  Full Article

Old Mutual PLC announces acquisition of securities in Transaction Capital Ltd
Wednesday, 4 Dec 2013 03:00am EST 

Transaction Capital Ltd:Says it has received formal notification that Old Mutual Plc has, in aggregate, acquired a beneficial interest in securities of Transaction Capital Ltd.Says that the total beneficial interests in Transaction Capital Ltd securities held by Old Mutual amounts to 10.39 percent of the issued ordinary share capital of Transaction Capital Ltd.  Full Article

Old Mutual PLC announces acquisition of securities in SA Corporate Real Estate Fund
Wednesday, 4 Dec 2013 01:08am EST 

Old Mutual PLC:Says it has notified SA Corporate Real Estate Fund that it has acquired a beneficial interest in securities of SA Corporate Real Estate Fund.Says the total beneficial interest of SA Corporate Real Estate Fund securities held by Old Mutual is now 5.47% of the total issued securities of that class.  Full Article

Old Mutual PLC Agrees For Sale Of Skandia Poland To Vienna Insurance Group AG Wiener Versicherung Gruppe
Tuesday, 12 Nov 2013 02:00am EST 

Old Mutual PLC announced that terms have been agreed to sell Skandia Poland, part of Old Mutual Wealth, to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG). As at September 30, 2013, Skandia Poland had funds under management of EUR414 million. The consideration for the transaction is not being disclosed. The transaction is part of Old Mutual Wealth’s commitment to simplify operations in Europe and focus on a select number of core growth markets. The transaction is expected to take approximately six months to complete. Old Mutual plc was advised by Goldman Sachs International.  Full Article

MOVES-Diamond Lee to manage Old Mutual Greater China equity fund

Jan 20 - Old Mutual Global Investors, the asset management division of Old Mutual Wealth, appointed Diamond Lee as the portfolio manager of its Old Mutual Greater China Equity Fund.

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