Employees from OMI eligible for free shares
The parent company of Old Mutual International, Quilter plc, has listed on the London and Johannesburg stock exchanges.
The listing took place on June 25th.
The move is a key milestone in Old Mutual plc’s managed separation process that started in March 2016.
The Old Mutual Wealth group had already changed its name to Quilter earlier this year to further solidify its ambition to be a leading independent wealth management business.
A spokesperson for Old Mutual International said that with approximately 500 staff working at the company’s headquarters at King Edward Bay House, Onchan, its commitment to the Isle of Man is strong and the business is proud to be one of the Island’s largest private sector employers.
All employees of a participating Quilter group company, including Old Mutual International, on 1 May 2018 will be eligible to receive free shares to the value of £2,000 in Quilter plc.
While our parent company has already changed its name, the new brand will be phased in across the company over a period of approximately two years. We will continue to be known as Old Mutual International into 2019, during which we will become Quilter International to reflect the new corporate identity of our parent.
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