June 25, 2018 / 6:13 AM / 3 months ago

BRIEF-Old Mutual's Quilter lists in London at 145 pence per share

June 25 (Reuters) - Old Mutual Plc:

* FIRST SCHEME EFFECTIVE, PRICING OF GLOBAL OFFER

* DEMERGER REDUCTION OF CAPITAL AND QUILTER DEMERGER HAVE NOW TAKEN EFFECT

* DEMERGER REDUCTION OF CAPITAL, QUILTER DEMERGER TAKEN EFFECT; EXPECTED THAT SECOND SCHEME COURT HEARING WILL TAKE PLACE LATER TODAY

* IT IS EXPECTED THAT SECOND SCHEME COURT HEARING WILL TAKE PLACE LATER TODAY

* OLD MUTUAL TODAY ANNOUNCES FINAL OFFER PRICE OF 145 PENCE PER ORDINARY SHARE

* OLD MUTUAL TODAY ANNOUNCES FINAL OFFER PRICE OF 145 PENCE PER ORDINARY SHARE FOR QUILTER

* EXPECTED OFFERING COMPRISES OF 165,010,507 ORDINARY SHARES TO INSTITUTIONAL PLACEES, 1,002,064 ORDINARY SHARES TO CERTAIN NON-EXECUTIVE DIRECTORS OF QUILTER AND CERTAIN NON-EXECUTIVE DIRECTORS OF OLD MUTUAL, AND AN OVER-ALLOTMENT OPTION IN RESPECT OF 16,501,050 ORDINARY SHARES

* NET PROCEEDS EXPECTED TO BE RECEIVED BY OLD MUTUAL PLC IS APPROXIMATELY £231.1 MILLION

* ADMISSION OF, AND COMMENCEMENT OF UNCONDITIONAL DEALINGS IN, QUILTER PLC TO LONDON STOCK EXCHANGE AND JOHANNESBURG STOCK EXCHANGE WILL TAKE PLACE AT 8.00AM (LONDON TIME) TODAY Source text for Eikon: Further company coverage:

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