- Old Mutual said the offer price for the de-merger of its Quilter wealth management business was 140p per share, raising around £231.1m.

The expected offering of up to 9.6% of the ordinary shares of Quilter comprised around of 165m shares to institutional investors, 1.0m shares to certain non-executive directors and an over-allotment option of 16.5m shares.

Old Mutual said that admission of, and commencement of unconditional dealings in Quilter to the London Stock Exchange and the Johannesburg Stock Exchange would take place at 0800 London time on Monday. Story provided by