On December 13, 2016, OM Asset Management plc announced the pricing of its underwritten public offering of 13 million ordinary shares.
The shares were priced at $14.25 per share and are being offered by Old Mutual plc through OM Group (UK) Limited, a wholly owned subsidiary. OM Asset Management plc (“OM Asset Management”) will not receive any proceeds from the sale of the shares and will not be selling any shares in the offering. The underwriters were provided with a 30-day option to purchase up to 1.95 million additional shares at a discount from the offering price. The public offering is expected to close on December 19, 2016.
OM Asset Management, based in London, is an international, multi-boutique asset management firm. As of September 30, 2016, OM Asset Management had approximately $234 billion in assets under management.
To read the press release: please click here.