September 29, 2016 / 9:26 PM / 10 months ago

BRIEF-Och-Ziff - Entered securities purchase agreement with certain Executive MD's

1 Min Read

Sept 29 (Reuters) - Och-Ziff Capital Management Group Llc

* Och-Ziff Capital Management -Entered securities purchase agreement with certain Executive Managing Directors, including Daniel Och of Och-Ziff Capital Management Group LLC

* Och-Ziff Capital Management says Daniel S. Och will purchase up to approximately $349 million of preferred units

* Och-Ziff Capital Management - Executive Managing Directors excluding Daniel S. Och will purchase up to about $51 million of the preferred units

* Och-Ziff Capital Management - Preferred units will be a new class of non-voting preferred equity interests in operating group entities

* Och-Ziff Capital Management -Preferred units will have an aggregate liquidation preference of $1,000, plus accrued and unpaid distributions Source - bit.ly/2dybjj9 Further company coverage:

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