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United States

Old Mutual PLC (OMLJ.J)

OMLJ.J on Johannesburg Stock Exchange

3,932.00ZAc
15 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Old Mutual to sell Latin American units to CMIG International
Friday, 16 Mar 2018 03:00am EDT 

March 16 (Reuters) - Old Mutual Plc ::‍AGREED TO SELL ITS LATIN AMERICAN BUSINESSES TO CMIG INTERNATIONAL, A FINANCIAL HOLDING COMPANY BASED IN SINGAPORE.​.‍TRANSACTION IS SUBJECT TO USUAL REGULATORY APPROVALS AND CUSTOMARY CLOSING CONDITIONS.​.‍DECISION TO SELL FOLLOWED A STRATEGIC REVIEW IN WHICH IT WAS CONCLUDED THAT OLD MUTUAL EMERGING MARKETS SHOULD PRIORITISE ITS SUB-SAHARAN AFRICAN BUSINESSES.​.‍PROCEEDS FROM SALE WILL BE RETAINED FOR GENERAL CORPORATE PURPOSES BY OLD MUTUAL EMERGING MARKETS.​.  Full Article

Old Mutual sells Latam businesses to Singapore's CMIG Intl
Friday, 16 Mar 2018 03:00am EDT 

March 16 (Reuters) - Old Mutual Plc ::JSE: OML - SALE OF OLD MUTUAL'S LATIN AMERICAN BUSINESSES.‍​.‍AGREED TO SELL ITS LATIN AMERICAN BUSINESSES TO CMIG INTERNATIONAL, A FINANCIAL HOLDING COMPANY BASED IN SINGAPORE​.‍GOLDMAN SACHS AND ROTHSCHILD ACTED AS JOINT FINANCIAL ADVISERS TO OLD MUTUAL IN CONNECTION WITH TRANSACTION​.‍LATIN AMERICAN BUSINESSES ARE: OLD MUTUAL COLOMBIA, OLD MUTUAL MEXICO, AIVA INVESTMENT ADVISER​.‍DECISION TO SELL OLD MUTUAL'S LATIN AMERICAN OPERATIONS FOLLOWED A STRATEGIC REVIEW IN WHICH IT WAS CONCLUDED THAT OLD MUTUAL EMERGING MARKETS SHOULD PRIORITISE ITS SUB-SAHARAN AFRICAN BUSINESSES.​.‍PROCEEDS FROM SALE WILL BE RETAINED FOR GENERAL CORPORATE PURPOSES BY OLD MUTUAL EMERGING MARKETS​.  Full Article

Old Mutual CEO-sentiment over South African economy changed for the better
Thursday, 15 Mar 2018 03:45am EDT 

March 15 (Reuters) - Old Mutual ::CEO BRUCE HEMPHILL SAYS WILL STEP DOWN WHEN COMPANY BREAK-UP IS MATERIALLY COMPLETE, EXPECTED BY END-2018.CEO HEMPHILL - SAYS HAS HAD DISCUSSIONS WITH POTENTIAL BUYERS OF OM'S LATAM, CHINA BUSINESSES.CEO - SENTIMENT OVER SOUTH AFRICAN ECONOMY HAS CHANGED FOR THE BETTER, TAKES TIME TO WORK THROUGH TO ECONOMIC DATA.  Full Article

Old Mutual PLC declare second interim dividend
Thursday, 15 Mar 2018 03:03am EDT 

March 15 (Reuters) - Old Mutual Plc ::‍DIRECTORS OF OLD MUTUAL PLC HAVE DECLARED A SECOND INTERIM DIVIDEND FOR YEAR ENDED 31 DECEMBER 2017 OF 3.57P PER SHARE​.  Full Article

Old Mutual posts 22 pct rise in FY op profit, break-up on track
Thursday, 15 Mar 2018 03:01am EDT 

March 15 (Reuters) - Old Mutual Plc ::JSE: OML - OLD MUTUAL PLC RESULTS FOR THE YEAR ENDING 31 DECEMBER 2017.‍PRE-TAX ADJUSTED OPERATING PROFIT (AOP) OF GBP2.0 BILLION UP 22% (2016: GBP1.7 BILLION)​.‍IFRS PRE-TAX PROFIT FOR CONTINUING OPERATIONS OF GBP617 MILLION UP 102% (2016: GBP306 MILLION)​.‍2017 SECOND INTERIM DIVIDEND OF 3.57P PER SHARE UP 5%; FULL YEAR DIVIDEND OF 7.10P PER SHARE UP 17%​.‍MATERIAL COMPLETION OF MANAGED SEPARATION ON TRACK FOR END OF 2018​.‍ON TRACK TO DELIVER C. GBP95 MILLION SAVINGS ANNUALLY IN CENTRAL COSTS​.‍OVERALL MANAGED SEPARATION ONE-OFF COSTS IN LINE WITH ORIGINAL ESTIMATE OF GBP230 MILLION​.‍QUILTER PLC LISTING EXPECTED TO BE COUPLED WITH AN INTENDED SECONDARY OFFERING OF UP TO 9.6%: FOLLOWED BY OML LISTING​.‍ANTICIPATED DISTRIBUTION OF MAJORITY OF STAKE IN NEDBANK TO OML SHAREHOLDERS TARGETED FOR APPROXIMATELY SIX MONTHS AFTER OML LISTING.​.‍OML TO RETAIN 19.9% OF NEDBANK POST-DISTRIBUTION​.‍OML TARGETS FY ORDINARY DIVIDENDS THAT ARE COVERED BY ADJUSTED HEADLINE EARNINGS BETWEEN 1.75 AND 2.25 TIMES​.‍DIVIDEND PAY-OUT RANGE OF 40 TO 60% OF POST-TAX OPERATING PROFIT​.‍FIRST DIVIDEND PAYMENT WHICH QUILTER WILL MAKE AS A SEPARATELY LISTED COMPANY IS EXPECTED TO BE FINAL DIVIDEND IN RESPECT OF YEAR ENDING 31 DECEMBER 2018​.  Full Article

Old Mutual To Undertake Public Interest Conditions To Internal Restructure Process
Wednesday, 10 Jan 2018 03:28am EST 

Jan 10 (Reuters) - Old Mutual Plc ::S.A'S COMPETITION COMMISION- OLD MUTUAL AND ECONOMIC DEVELOPMENT DEPARTMENT TO INCORPORATE PUBLIC INTEREST CONDITIONS TO INTERNAL RESTRUCTURE PROCESS.S.A'S COMPETITION COMMISSION - TRIBUNAL EXPECTS EDD AND OLD MUTUAL TO MAKE SUBMISSIONS IN SUPPORT OF THE PUBLIC INTEREST CONDITIONS IN WEDNESDAY'S HEARING ‍​.  Full Article

Old Mutual Gets S.Africa's Competition Commission Recommendation For Restructuring
Tuesday, 9 Jan 2018 07:54am EST 

Jan 9 (Reuters) - Old Mutual Plc ::OLD MUTUAL - OLD MUTUAL RECEIVES SA COMPETITION COMMISSION RECOMMENDATION.RECOMMENDATION FOR APPROVAL BY THE COMPETITION COMMISSION TO THE COMPETITION TRIBUNAL FOR THE NEWLY INCORPORATED OLD MUTUAL LIMITED TO ACQUIRE OLD MUTUAL PLC.  Full Article

Old Mutual sells Buxton UK wealth business to TA Associates for $800 mln
Tuesday, 19 Dec 2017 02:00am EST 

Dec 19 (Reuters) - Old Mutual ::SALE OF SINGLE STRATEGY ASSET MANAGEMENT BUSINESS OF OLD MUTUAL WEALTH TO TA ASSOCIATES FOR £600 MILLION ($803.04 million).  Full Article

Old Mutual says OM Asset Management closes underwritten public offering
Monday, 20 Nov 2017 02:00am EST 

Nov 20 (Reuters) - OLD MUTUAL PLC ::ANNOUNCES CLOSING OF AN UNDERWRITTEN PUBLIC OFFERING OF 6,039,630 OF ITS ORDINARY SHARES FOR AGGREGATE PROCEEDS OF APPROXIMATELY $94 MILLION​.‍PROCEEDS TO OLD MUTUAL FROM OFFERING ARE EXPECTED TO BE USED FOR GENERAL CORPORATE PURPOSES​.‍MORGAN STANLEY & CO. LLC ACTED AS SOLE BOOKRUNNING MANAGER FOR PUBLIC OFFERING​.  Full Article

Old mutual's OMAMA says pricing of public offering of 6,039,630 ordinary shares
Wednesday, 15 Nov 2017 09:40am EST 

Nov 15 (Reuters) - OLD MUTUAL PLC ::SAYS ‍OM ASSET MANAGEMENT PLC ANNOUNCES PRICING OF PUBLIC OFFERING OF 6,039,630 OF ORDINARY SHARES FOR AGGREGATE PROCEEDS OF ABOUT $94 MILLION​.‍PUBLIC OFFERING IS EXPECTED TO CLOSE ON 17 NOVEMBER 2017​.‍ORDINARY SHARES ARE BEING OFFERED BY OLD MUTUAL PLC ('OLD MUTUAL'), THROUGH ITS WHOLLY OWNED SUBSIDIARY, OM GROUP (UK) LIMITED​.‍OMAM WILL NOT SELL ANY SHARES IN OFFERING AND WILL NOT RECEIVE ANY PROCEEDS FROM SALE OF SHARES​.  Full Article

Old Mutual gets rough ride over share bonus plan at AGM

May 25 Old Mutual shareholders approved an employee share bonus plan on Friday, although the Anglo-South African financial services group faced a backlash over granting non-performance based awards to executives.

No consensus analysis data available.