Janus Henderson Announces Pricing of Secondary Offering of Common Stock by Dai-ichi Life Holdings, Inc. and Associated Repurchase of its Common Stock
Janus Henderson Group announced a secondary offering of 30,668,922 shares of common stock by its largest stockholder, Dai-ichi Life Holdings, at $29.25 per share. As part of the offering, Janus is repurchasing 8,048,360 shares through underwriters, funded by cash on hand. This move will result in Dai-ichi exiting its entire stake, while Janus will not receive any proceeds from this sale. The offering closes on 9 February 2021 and is being managed by Goldman Sachs. Janus currently manages approximately $402 billion in assets.
- Janus Henderson is repurchasing 8,048,360 shares, reducing outstanding shares and potentially increasing shareholder value.
- The secondary offering leads to dilution of existing shares as Dai-ichi exits its entire position.
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
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
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.
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FAQ
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Will Janus Henderson receive any proceeds from the secondary offering?
