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OM Asset Management PLC (OMAM.N)

OMAM.N on New York Stock Exchange

16.04USD
22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

OMAM PRICES OF SECONDARY OFFERING OF 6 MLN SHARES
Wednesday, 15 Nov 2017 09:14am EST 

Nov 15 (Reuters) - Om Asset Management Plc ::OMAM ANNOUNCES PRICING OF SECONDARY OFFERING.PRICING OF A PUBLIC OFFERING OF 6 MILLION OF ITS ORDINARY SHARES FOR AGGREGATE PROCEEDS OF APPROXIMATELY $94 MILLION​.‍ORDINARY SHARES ARE BEING OFFERED BY OLD MUTUAL PLC, THROUGH ITS WHOLLY OWNED SUBSIDIARY, OM GROUP (UK) LIMITED​.  Full Article

OM Asset Management Plc Q3 AUM of $235.9 billion
Thursday, 2 Nov 2017 08:06am EDT 

Nov 2 (Reuters) - OM Asset Management Plc :OM Asset Management Plc qtrly ‍shr $0.17​.Qtrly ‍economic net income EPS of $0.43 per share​.AUM of $235.9 billion at Sept 30, 2017 (reflecting removal of $32 billion of Heitman AUM in Q3'17), a decrease of 8.8% from June 30, 2017​.Q3 earnings per share view $0.41 -- Thomson Reuters I/B/E/S.Qtrly total revenue $223.2 million versus $170.8 million ‍​.Q3 revenue view $220.9 million -- Thomson Reuters I/B/E/S.  Full Article

OMAM Q2 economic net income EPS of $0.42
Thursday, 3 Aug 2017 07:40am EDT 

Aug 3 (Reuters) - OM Asset Management Plc :OMAM reports financial and operating results for the second quarter ended June 30, 2017.OM Asset Management Plc qtrly ‍U.S. GAAP EPS of $0.11 per share​.Qtrly economic net income EPS of $0.42 per share.OM Asset Management Plc - ‍aum of $258.8 billion at June 30, 2017, an increase of 3.6% from March 31, 2017 and 18.3% from June 30, 2016​.OM Asset Management Plc - ‍executed non-binding term sheet on Wednesday reflecting agreement to sell interest in Heitman Llc for $110 million in cash​.OM Asset Management Plc qtrly ‍U.S. GAAP basis revenue $218.8 million, up 39.8 percent​.OM Asset Management Plc qtrly ‍ENI revenue $221.4 million versus $160.0 million​.  Full Article

Peter Bain steps down as CEO of Old Mutual U.S. fund arm
Friday, 30 Jun 2017 02:01am EDT 

June 30 (Reuters) - Old Mutual Plc :Old mutual plc - effective june 30, 2017, peter bain is stepping down from his roles as president, chief executive officer and director.Old mutual plc - james ritchie, chairman of omam board, to serve as executive chairman, interim ceo while board conducts search for company's next ceo.  Full Article

OMAM announces CEO succession process
Thursday, 29 Jun 2017 04:07pm EDT 

June 29 (Reuters) - OM Asset Management Plc ::OMAM announces CEO succession process.OM Asset Management Plc - ‍peter Bain is stepping down from his roles as president, chief executive officer and director​.OM Asset Management-‍james J. Ritchie to serve as executive chairman and interim CEO while board conducts a thorough search for company's next CEO.  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

OM Asset Management reports qtrly U.S. GAAP EPS of $0.19 per share
Thursday, 4 May 2017 07:56am EDT 

May 4 (Reuters) - OM Asset Management PLC : :AUM of $249.7 billion at March 31, 2017, an increase of 3.9% from December 31, 2016 and 14.5% from March 31, 2016.Qtrly U.S. GAAP EPS of $0.19 per share.Qtrly economic net income EPS of $0.34 per share.Qtrly increase in quarterly dividend to $0.09 per share.  Full Article

Old Mutual sells minority stake in U.S. fund arm to China's HNA
Monday, 27 Mar 2017 02:12am EDT 

Old Mutual Plc : Old Mutual to sell stake in OMAM to HNA Capital US . Old Mutual Plc agrees to sell a minority stake in OMAM to HNA Capital US . Two-Step transaction for gross cash consideration of approximately $446 million . Transaction comprises a sale of a 9.95 pct tranche of OMAM shares held by Old Mutual at a price of $15.30 per share . Following transaction, Old Mutual's shareholding will reduce from 50.8 pct to 25.9 pct . Sale of a further 15 pct held by Old Mutual at a price of $15.75 per share . Completion of first tranche is subject to antitrust clearance under Hart-Scott-Rodino act in US . Expected to take place in approximately 30 days . Completion is expected to take place in second half of 2017 . Old mutual will use proceeds from transaction for general corporate purposes .Bank of America Merrill Lynch and Evercore acted as joint financial advisors For full story, click on: [nL5N1H30EK].  Full Article

BRIEF-OM Asset Management Oct. 31 AUM $237.9 billion, up $2.0 billion from Sept.

* OM Asset Management says ‍as of Oct 31, co's AUM were $237.9 billion, increase of $2.0 billion, as compared to AUM as of Sept 30​ - SEC filing Source text: (http://bit.ly/2zGL03M) Further company coverage: