Janus Henderson Announces Pricing of Secondary Offering of Common Stock by Dai-ichi Life Holdings, Inc. & Associated Repurcha...
05 February 2021 - 1:35PM
Business Wire
Janus Henderson Group plc (NYSE/ASX: JHG; the ‘Company’)
announces today the pricing of the secondary offering of 30,668,922
shares of common stock by its largest stockholder, Dai-ichi Life
Holdings, Inc. (the ‘Selling Stockholder’), at a price of $29.25
per share. The Company has agreed to purchase, as part of the
offering, 8,048,360 shares of common stock through the underwriters
pursuant to the Company’s previously announced repurchase program
at the price at which the shares of common stock are sold to the
public in the offering, less the underwriting discount. The Company
intends to fund the repurchase with cash on hand. The repurchased
shares will be cancelled and no longer outstanding following the
completion of the repurchase.
The offering will result in the Selling Stockholder exiting its
entire ownership position in the Company. The Selling Stockholder
will receive all the proceeds from the offering. The Company is not
offering any shares of its common stock in the offering and will
not receive any proceeds from the sale of its common stock by the
Selling Stockholder. The offering is expected to close on 9
February 2021, subject to customary closing conditions.
The secondary offering is occurring simultaneously in the United
States and internationally through underwriters led by sole
book-running manager Goldman Sachs & Co. LLC.
The Company has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (‘SEC’) for
the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration
statement and other documents the Company has filed with the SEC,
including the preliminary prospectus supplement dated 4 February
2021, for more complete information about the Company and this
offering. You may get these documents for free by visiting EDGAR on
the SEC website at www.sec.gov. Alternatively, any underwriter or
any dealer participating in the offering will arrange to send you
the prospectus and the prospectus supplement, when available, if
you request them by contacting Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, NY
10282, by telephone at +1 866 471 2526, or by email at
prospectus-ny@ny.email.gs.com.
This announcement shall not constitute an offer to sell or the
solicitation of any offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Janus Henderson Janus Henderson Group is a leading
global active asset manager dedicated to helping investors achieve
long-term financial goals through a broad range of investment
solutions, including equities, fixed income, quantitative equities,
multi-asset and alternative asset class strategies.
At 31 December 2020, Janus Henderson had approximately US$402
billion in assets under management, more than 2,000 employees, and
offices in 26 cities worldwide. Headquartered in London, the
company is listed on the New York Stock Exchange (NYSE) and the
Australian Securities Exchange (ASX).
Forward-Looking Statements
Certain statements in this press release, and other statements
that the Company may make, not based on historical facts are
‘forward-looking statements’ within the meaning of the federal
securities laws, including the Private Securities Litigation Reform
Act of 1995, as amended, Section 21E of the Securities Exchange Act
of 1934, as amended (the ‘Exchange Act’), and Section 27A of the
Securities Act of 1933, as amended (the ‘Securities Act’). Such
forward-looking statements involve known and unknown risks and
uncertainties that are difficult to predict and could cause the
Company’s actual results, performance or achievements to differ
materially from those discussed. These include statements as to the
Company’s future expectations, beliefs, plans, strategies,
objectives, events, conditions, financial performance, prospects or
future events. In some cases, forward-looking statements can be
identified by the use of words such as ‘may’, ‘could’, ‘expect’,
‘intend’, ‘plan’, ‘seek’, ‘anticipate’, ‘believe’, ‘estimate’,
‘predict’, ‘potential’, ‘continue’, ‘likely’, ‘will’, ‘would’ and
similar words and phrases. Forward-looking statements are
necessarily based on estimates and assumptions that, while
considered reasonable by the Company and its management, are
inherently uncertain. Accordingly, you should not place undue
reliance on forward-looking statements, which speak only as of the
date they are made and are not guarantees of future performance.
The Company does not undertake any obligation to publicly update or
revise these forward-looking statements.
Various risks, uncertainties, assumptions and factors that could
cause the Company’s future results to differ materially from those
expressed by any forward-looking statements included in this press
release include, but are not limited to, risks, uncertainties,
assumptions and factors discussed in filings or furnishings made by
the Company with the SEC.
Forward-looking statements speak only as of the date they are
made, and, except as required by law, the Company assumes no duty
to and does not undertake to update forward-looking statements.
Actual results could differ materially from those anticipated in
forward-looking statements and future results could differ
materially from historical performance.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210204006187/en/
Investor enquiries Melanie Horton Co-Head Investor
Relations (Non-US) +44 (0)20 7818 2905
melanie.horton@janushenderson.com Jim Kurtz Co-Head Investor
Relations (US) +1 303 336 4529 jim.kurtz@janushenderson.com
Media enquiries Stephen Sobey Head of Media Relations +44
(0)20 7818 2523 stephen.sobey@janushenderson.com Sarah de Lagarde
Global Head of Communications +44 (0)20 7818 2626
sarah.delagarde@janushenderson.com
Janus Henderson (ASX:JHG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Janus Henderson (ASX:JHG)
Historical Stock Chart
From Apr 2023 to Apr 2024