Old Mutual sets price range for Quilter listing; Sale of Buxton's single-strategy business approved

Quilter due to list on 25 June

Laura Dew
Old Mutual Wealth chief executive Paul Feeney

Old Mutual Wealth chief executive Paul Feeney

Old Mutual has set a price range of 125p-155p per share for up to 9.6% of ordinary shares of Quilter ahead of its listing later in the month and received regulatory approval for the sale of Richard Buxton's single-strategy funds business.

The firm said the expected offer size is up to 164,977,971 ordinary shares, together with an over-allotment option of up to 10% of the total number of ordinary shares comprised in the global offer, which will represent 9.5% of Quilter's ordinary shares at the time of admission.  The final price will be announced on or about 25 June, the day Quilter is due to list on the London Stock Exchange (LSE). Old Mutual is then due to de-list from the LSE the following day.  Managed separation update: Old Mutual to offer 9.6% of Quilter in demerger For every three Old Mutual plc shares held, ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on UK

Yearly fresh food inflation reached the highest inflation rate since May 2009.

Food costs drive UK shop price inflation to highest level since 2008

Up by 3.1% in June

clock 29 June 2022 • 1 min read
Amazon shares are down 40% from its peak

Growth stock pickers feel like 'a kid in a candy shop'

'It is time to go shopping'

clock 22 June 2022 • 4 min read
30% increase in the number of clean tech deals.

UK smaller business investment jumps to record £18.1bn in 2021

UK tech investment doubled to £8.2bn

clock 21 June 2022 • 2 min read