Janus Henderson Announces Secondary Offering of Its Common Stock Held by Dai-ichi Life Holdings, Inc.; Plans up to US$230 Million Stock Repurchase
JHG Enters New Strategic Co-operation Agreement with Dai-ichi Life
LONDON (BUSINESS WIRE) Janus Henderson Group plc (NYSE/ASX: JHG; ‘Janus Henderson’) announces today the commencement of a registered secondary offering of common stock through which Dai-ichi Life Holdings, Inc. (‘Dai-ichi’) intends to exit its equity investment in Janus Henderson through an underwritten public secondary offering. Janus Henderson intends to repurchase up to US$230 million of the stock in the offering.
Dai-ichi has made a strategic decision to focus capital on its global insurance business. As such, Dai-ichi has determined to monetise its equity stake in Janus Henderson and has relinquished its board seat.