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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/05/21 Janus Henderson Group plc 424B5 1:929K Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 424B5 Prospectus - Primary Offering or Shelf Securities HTML 551K - New Facts or Events
tm213399-5_424b5 - none - 8.7664829s |
CALCULATION OF REGISTRATION FEE
|
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Title of Each Class of
Securities to be Registered |
| |
Amount to be
Registered |
| |
Proposed
Maximum Offering Price per Unit |
| |
Proposed Maximum
Aggregate Offering Price |
| |
Amount of
Registration Fee(1) |
| ||||||||||||
Common Stock, par value $1.50 per share
|
| | | | 30,668,922 | | | | | $ | 29.25 | | | | | $ | 897,065,968.500 | | | | | $ | 97,869.897 | | |
| | |
Per share
|
| |
Total
|
| ||||||
Public Offering Price(1)
|
| | | $ | 29.25000 | | | | | $ | 891,651,434.31000 | | |
Underwriting Discount
|
| | | $ | 0.67275 | | | | | $ | 15,217,983.08550 | | |
Proceeds, before expenses, to the selling stockholder
|
| | | $ | 28.57725 | | | | | $ | 876,433,451.22450 | | |
| | |
Page
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Three months ended
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Year ended
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31 Dec
2020 |
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30 Sep
2020 |
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31 Dec
2019 |
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31 Dec
2020 |
| |
31 Dec
2019 |
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(in US$ millions, except per share data or as noted)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
GAAP basis: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Revenue
|
| | | | 657.2 | | | | | | 568.5 | | | | | | 601.2 | | | | | | 2,298.6 | | | | | | 2,192.4 | | |
Operating expenses
|
| | | | 430.2 | | | | | | 412.0 | | | | | | 446.9 | | | | | | 2,140.8 | | | | | | 1,651.5 | | |
Operating income
|
| | | | 227.0 | | | | | | 156.5 | | | | | | 154.3 | | | | | | 157.8 | | | | | | 540.9 | | |
Operating margin
|
| | | | 34.5% | | | | | | 27.5% | | | | | | 25.7% | | | | | | 6.9% | | | | | | 24.7% | | |
Net income attributable to JHG
|
| | | | 186.8 | | | | | | 118.9 | | | | | | 112.0 | | | | | | 161.6 | | | | | | 427.6 | | |
Diluted earnings per share
|
| | | | 1.02 | | | | | | 0.65 | | | | | | 0.59 | | | | | | 0.87 | | | | | | 2.21 | | |
Adjusted basis: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Revenue
|
| | | | 528.5 | | | | | | 449.7 | | | | | | 463.1 | | | | | | 1,834.2 | | | | | | 1,748.1 | | |
Operating expenses
|
| | | | 296.8 | | | | | | 287.6 | | | | | | 292.1 | | | | | | 1,137.5 | | | | | | 1,121.5 | | |
Operating income
|
| | | | 231.7 | | | | | | 162.1 | | | | | | 171.0 | | | | | | 696.7 | | | | | | 626.6 | | |
Operating margin
|
| | | | 43.8% | | | | | | 36.0% | | | | | | 36.9% | | | | | | 38.0% | | | | | | 35.8% | | |
Net income attributable to JHG
|
| | | | 189.0 | | | | | | 129.6 | | | | | | 123.9 | | | | | | 557.9 | | | | | | 478.3 | | |
Diluted earnings per share
|
| | | | 1.04 | | | | | | 0.70 | | | | | | 0.65 | | | | | | 3.01 | | | | | | 2.47 | | |
| | |
Three months ended
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Year ended
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(in US$ millions, except per share data or as noted)
|
| |
31 Dec
2020 |
| |
30 Sep
2020 |
| |
31 Dec
2019 |
| |
31 Dec
2020 |
| |
31 Dec
2019 |
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Revenue: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Management fees
|
| | | | 489.1 | | | | | | 457.7 | | | | | | 457.8 | | | | | | 1,794.1 | | | | | | 1,792.3 | | |
Performance fees
|
| | | | 59.3 | | | | | | 7.0 | | | | | | 18.3 | | | | | | 98.1 | | | | | | 17.6 | | |
Shareowner servicing fees
|
| | | | 57.9 | | | | | | 53.7 | | | | | | 71.9 | | | | | | 209.2 | | | | | | 185.4 | | |
Other revenue
|
| | | | 50.9 | | | | | | 50.1 | | | | | | 53.2 | | | | | | 197.2 | | | | | | 197.1 | | |
Total revenue
|
| | | | 657.2 | | | | | | 568.5 | | | | | | 601.2 | | | | | | 2,298.6 | | | | | | 2,192.4 | | |
Operating expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Employee compensation and benefits
|
| | | | 162.3 | | | | | | 154.9 | | | | | | 163.1 | | | | | | 618.6 | | | | | | 602.5 | | |
Long-term incentive plans
|
| | | | 44.7 | | | | | | 42.7 | | | | | | 44.5 | | | | | | 170.1 | | | | | | 184.3 | | |
Distribution expenses
|
| | | | 128.7 | | | | | | 118.8 | | | | | | 138.1 | | | | | | 464.4 | | | | | | 444.3 | | |
Investment administration
|
| | | | 12.6 | | | | | | 13.1 | | | | | | 13.8 | | | | | | 50.0 | | | | | | 47.9 | | |
Marketing
|
| | | | 3.9 | | | | | | 5.3 | | | | | | 10.0 | | | | | | 19.6 | | | | | | 31.1 | | |
General, administrative and occupancy
|
| | | | 66.4 | | | | | | 65.6 | | | | | | 60.3 | | | | | | 255.2 | | | | | | 260.8 | | |
Impairment of goodwill and intangible assets
|
| | | | — | | | | | | — | | | | | | — | | | | | | 513.7 | | | | | | 18.0 | | |
Depreciation and amortisation
|
| | | | 11.6 | | | | | | 11.6 | | | | | | 17.1 | | | | | | 49.2 | | | | | | 62.6 | | |
Total operating expenses
|
| | | | 430.2 | | | | | | 412.0 | | | | | | 446.9 | | | | | | 2,140.8 | | | | | | 1,651.5 | | |
Operating income
|
| | | | 227.0 | | | | | | 156.5 | | | | | | 154.3 | | | | | | 157.8 | | | | | | 540.9 | | |
Interest expense
|
| | | | (3.2) | | | | | | (3.2) | | | | | | (3.3) | | | | | | (12.9) | | | | | | (15.1) | | |
Investment gains, net
|
| | | | 32.2 | | | | | | 25.5 | | | | | | 12.1 | | | | | | 57.5 | | | | | | 34.2 | | |
Other non-operating income (expense), net
|
| | | | (0.2) | | | | | | (0.9) | | | | | | (5.8) | | | | | | 39.7 | | | | | | 23.5 | | |
Income before taxes
|
| | | | 255.8 | | | | | | 177.9 | | | | | | 157.3 | | | | | | 242.1 | | | | | | 583.5 | | |
Income tax provision
|
| | | | (57.4) | | | | | | (40.8) | | | | | | (36.9) | | | | | | (59.5) | | | | | | (137.8) | | |
Net income
|
| | | | 198.4 | | | | | | 137.1 | | | | | | 120.4 | | | | | | 182.6 | | | | | | 445.7 | | |
Net income attributable to noncontrolling interests
|
| | | | (11.6) | | | | | | (18.2) | | | | | | (8.4) | | | | | | (21.0) | | | | | | (18.1) | | |
Net income attributable to JHG
|
| | | | 186.8 | | | | | | 118.9 | | | | | | 112.0 | | | | | | 161.6 | | | | | | 427.6 | | |
Less: allocation of earnings to participating stock-based awards
|
| | | | (5.5) | | | | | | (3.5) | | | | | | (3.1) | | | | | | (4.7) | | | | | | (11.7) | | |
Net income attributable to JHG common shareholders
|
| | | | 181.3 | | | | | | 115.4 | | | | | | 108.9 | | | | | | 156.9 | | | | | | 415.9 | | |
Basic weighted-average shares outstanding (in millions)
|
| | | | 176.5 | | | | | | 178.4 | | | | | | 183.6 | | | | | | 179.4 | | | | | | 188.0 | | |
Diluted weighted-average shares outstanding (in millions)
|
| | | | 177.0 | | | | | | 178.8 | | | | | | 184.1 | | | | | | 179.9 | | | | | | 188.6 | | |
Diluted earnings per share (in US$)
|
| | | | 1.02 | | | | | | 0.65 | | | | | | 0.59 | | | | | | 0.87 | | | | | | 2.21 | | |
| | |
Three months ended
|
| |
Year ended
|
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(in US$ millions, except per share data or as noted)
|
| |
31 Dec
2020 |
| |
30 Sep
2020 |
| |
31 Dec
2019 |
| |
31 Dec
2020 |
| |
31 Dec
2019 |
| |||||||||||||||
Reconciliation of revenue to adjusted revenue | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Revenue
|
| | | | 657.2 | | | | | | 568.5 | | | | | | 601.2 | | | | | | 2,298.6 | | | | | | 2,192.4 | | |
Management fees(1)
|
| | | | (51.6) | | | | | | (47.9) | | | | | | (48.0) | | | | | | (183.8) | | | | | | (189.6) | | |
Shareowner servicing fees(1)
|
| | | | (47.4) | | | | | | (42.8) | | | | | | (62.7) | | | | | | (170.3) | | | | | | (149.4) | | |
Other revenue(1)
|
| | | | (29.7) | | | | | | (28.1) | | | | | | (27.4) | | | | | | (110.3) | | | | | | (105.3) | | |
Adjusted revenue
|
| | | | 528.5 | | | | | | 449.7 | | | | | | 463.1 | | | | | | 1,834.2 | | | | | | 1,748.1 | | |
Reconciliation of operating expenses to adjusted
operating expenses |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating expenses
|
| | | | 430.2 | | | | | | 412.0 | | | | | | 446.9 | | | | | | 2,140.8 | | | | | | 1,651.5 | | |
Employee compensation and benefits(2)
|
| | | | (0.1) | | | | | | (0.3) | | | | | | (6.3) | | | | | | (2.3) | | | | | | (19.1) | | |
Long-term incentive plans(2)
|
| | | | 0.1 | | | | | | 0.1 | | | | | | 0.2 | | | | | | 0.5 | | | | | | 0.8 | | |
Distribution expenses(1)
|
| | | | (128.7) | | | | | | (118.8) | | | | | | (138.1) | | | | | | (464.4) | | | | | | (444.3) | | |
General, administration and occupancy(2)
|
| | | | (2.8) | | | | | | (3.5) | | | | | | (3.2) | | | | | | (11.0) | | | | | | (20.0) | | |
Impairment of goodwill and intangible assets(3)
|
| | | | — | | | | | | — | | | | | | — | | | | | | (513.7) | | | | | | (18.0) | | |
Depreciation and amortisation(3)
|
| | | | (1.9) | | | | | | (1.9) | | | | | | (7.4) | | | | | | (12.4) | | | | | | (29.4) | | |
Adjusted operating expenses
|
| | | | 296.8 | | | | | | 287.6 | | | | | | 292.1 | | | | | | 1,137.5 | | | | | | 1,121.5 | | |
Adjusted operating income
|
| | | | 231.7 | | | | | | 162.1 | | | | | | 171.0 | | | | | | 696.7 | | | | | | 626.6 | | |
Operating margin
|
| | | | 34.5% | | | | | | 27.5% | | | | | | 25.7% | | | | | | 6.9% | | | | | | 24.7% | | |
Adjusted operating margin
|
| | | | 43.8% | | | | | | 36.0% | | | | | | 36.9% | | | | | | 38.0% | | | | | | 35.8% | | |
Reconciliation of net income attributable to JHG
to adjusted net income attributable to JHG |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net income attributable to JHG
|
| | | | 186.8 | | | | | | 118.9 | | | | | | 112.0 | | | | | | 161.6 | | | | | | 427.6 | | |
Employee compensation and benefits(2)
|
| | | | 0.1 | | | | | | 0.3 | | | | | | 6.3 | | | | | | 2.3 | | | | | | 19.1 | | |
Long-term incentive plans(2)
|
| | | | (0.1) | | | | | | (0.1) | | | | | | (0.2) | | | | | | (0.5) | | | | | | (0.8) | | |
General, administration and occupancy(2)
|
| | | | 2.8 | | | | | | 3.5 | | | | | | 3.2 | | | | | | 11.0 | | | | | | 20.0 | | |
Impairment of goodwill and intangible assets(3)
|
| | | | — | | | | | | — | | | | | | — | | | | | | 513.7 | | | | | | 18.0 | | |
Depreciation and amortisation(3)
|
| | | | 1.9 | | | | | | 1.9 | | | | | | 7.4 | | | | | | 12.4 | | | | | | 29.4 | | |
Interest expense(4)
|
| | | | — | | | | | | — | | | | | | 0.2 | | | | | | 0.1 | | | | | | 2.5 | | |
Investment gains (losses), net
|
| | | | (1.4) | | | | | | — | | | | | | — | | | | | | (1.4) | | | | | | — | | |
Other non-operating income (expense), net(4)
|
| | | | (1.7) | | | | | | (0.5) | | | | | | (1.9) | | | | | | (28.7) | | | | | | (24.3) | | |
Income tax benefit (provision)(5)
|
| | | | 0.6 | | | | | | 5.6 | | | | | | (3.1) | | | | | | (112.6) | | | | | | (13.2) | | |
Adjusted net income attributable to JHG
|
| | | | 189.0 | | | | | | 129.6 | | | | | | 123.9 | | | | | | 557.9 | | | | | | 478.3 | | |
Less: allocation of earnings to participating stock-based awards
|
| | | | (5.5) | | | | | | (3.8) | | | | | | (3.4) | | | | | | (16.4) | | | | | | (13.1) | | |
Adjusted net income attributable to JHG common shareholders
|
| | | | 183.5 | | | | | | 125.8 | | | | | | 120.5 | | | | | | 541.5 | | | | | | 465.2 | | |
Weighted-average diluted common shares outstanding — diluted (two class) (in millions)
|
| | | | 177.0 | | | | | | 178.8 | | | | | | 184.1 | | | | | | 179.9 | | | | | | 188.6 | | |
Diluted earnings per share (two class) (in US$)
|
| | | | 1.02 | | | | | | 0.65 | | | | | | 0.59 | | | | | | 0.87 | | | | | | 2.21 | | |
Adjusted diluted earnings per share (two class) (in US$)
|
| | | | 1.04 | | | | | | 0.70 | | | | | | 0.65 | | | | | | 3.01 | | | | | | 2.47 | | |
(in US$ millions)
|
| |
31 Dec
2020 |
| |
31 Dec
2019 |
| ||||||
Assets: | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | | 1,099.7 | | | | | | 733.9 | | |
Investment securities
|
| | | | 268.1 | | | | | | 253.5 | | |
Property, equipment and software, net
|
| | | | 77.9 | | | | | | 84.7 | | |
Intangible assets and goodwill, net
|
| | | | 4,070.2 | | | | | | 4,592.9 | | |
Assets of consolidated variable interest entities
|
| | | | 226.5 | | | | | | 1,010.9 | | |
Other assets
|
| | | | 966.6 | | | | | | 945.8 | | |
Total assets
|
| | | | 6,709.0 | | | | | | 7,621.7 | | |
Liabilities, redeemable noncontrolling interests and equity: | | | | | | | | | | | | | |
Long-term debt
|
| | | | 313.3 | | | | | | 316.2 | | |
Deferred tax liabilities, net
|
| | | | 627.4 | | | | | | 729.1 | | |
Liabilities of consolidated variable interest entities
|
| | | | 3.2 | | | | | | 57.1 | | |
Other liabilities
|
| | | | 927.3 | | | | | | 935.2 | | |
Redeemable noncontrolling interests
|
| | | | 85.8 | | | | | | 677.9 | | |
Total equity
|
| | | | 4,752.0 | | | | | | 4,906.2 | | |
Total liabilities, redeemable noncontrolling interests and equity
|
| | | | 6,709.0 | | | | | | 7,621.7 | | |
| | |
Three months ended
|
| |
Year ended
|
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(in US$ millions)
|
| |
31 Dec
2020 |
| |
30 Sep
2020 |
| |
31 Dec
2019 |
| |
31 Dec
2020 |
| |
31 Dec
2019 |
| |||||||||||||||
Cash provided by (used for): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating activities
|
| | | | 220.2 | | | | | | 183.0 | | | | | | 207.0 | | | | | | 645.7 | | | | | | 463.2 | | |
Investing activities
|
| | | | 119.4 | | | | | | 135.0 | | | | | | (364.7) | | | | | | 129.4 | | | | | | (389.3) | | |
Financing activities
|
| | | | (191.2) | | | | | | (291.2) | | | | | | 176.0 | | | | | | (491.0) | | | | | | (207.0) | | |
Effect of exchange rate changes
|
| | | | 33.2 | | | | | | 19.3 | | | | | | 4.5 | | | | | | 27.5 | | | | | | 13.0 | | |
Net change during period
|
| | | | 181.6 | | | | | | 46.1 | | | | | | 22.8 | | | | | | 311.6 | | | | | | (120.1) | | |
| | | | ||||||||||
(in millions, except shares data)
|
| |
Actual
|
| |
As Adjusted
|
| ||||||
Cash and cash equivalents(1)
|
| | | $ | 909.0 | | | | | $ | 905.7 | | |
Total long-term debt(1)
|
| | | | 314.0 | | | | | | 314.0 | | |
Stockholders’ equity: | | | | | | | | | | | | | |
Common stock, $1.50 par value: | | | | | | | | | | | | | |
480,000,000 shares authorized; 181,405,733 issued and outstanding on an actual basis and 173,357,373 issued and outstanding on an as adjusted basis(2)
|
| | | | 272.1 | | | | | | 260.0 | | |
Additional paid-in capital
|
| | | | 3,804.0 | | | | | | 3,586.1 | | |
Treasury shares (2,647,785 shares on an actual and as adjusted basis )
|
| | | | (111.2) | | | | | | (111.2) | | |
Accumulated other comprehensive loss, net of tax
|
| | | | (415.2) | | | | | | (415.2) | | |
Retained earnings
|
| | | | 965.8 | | | | | | 965.8 | | |
Nonredeemable noncontrolling interests
|
| | | | 17.6 | | | | | | 17.6 | | |
Total Janus Henderson Group plc stockholders’ equity
|
| | | | 4,533.1 | | | | | | 4,303.1 | | |
Total capitalization
|
| | | $ | 4,847.1 | | | | | $ | 4,617.1 | | |
| | |
Ownership Before
Offering |
| |
Securities
Offered by this Prospectus |
| |
Ownership After Offering(2)
|
| |||||||||||||||
Name of Selling Stockholder
|
| |
Common
Stock |
| |
Common
Stock |
| |
Common
Stock |
| |
% of
Common Stock |
| ||||||||||||
Dai-ichi Life Holdings, Inc.(1)(2)
|
| | | | 30,668,922 | | | | | | 30,668,922 | | | | | | — | | | | | | 0% | | |
Underwriter
|
| |
Number of
Shares |
| |||
Goldman Sachs & Co. LLC
|
| | | | 30,668,922 | | |
Total
|
| | | | 30,668,922 | | |
|
Per Share
|
| | | $ | 0.67275 | | |
|
Total
|
| | | $ | 15,217,983.08550 | | |
|
201 Bishopsgate
London, United Kingdom Attention: Non-U.S. Investor Relations +44(0) 20 7818 1818 |
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201 Bishopsgate
London EC2M 3AE, United Kingdom Attention: Non-U.S. Investor Relations +44(0) 20 7818 1818 |
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This ‘424B5’ Filing | Date | Other Filings | ||
---|---|---|---|---|
2/9/21 | 8-K, SC 13D/A | |||
Filed on: | 2/5/21 | SC 13G/A | ||
2/4/21 | 424B3, 8-K, FWP, S-3ASR, SC 13D/A | |||
2/3/21 | ||||
12/31/20 | 10-K, 11-K, 13F-HR | |||
12/30/20 | ||||
12/24/20 | ||||
10/29/20 | 10-Q, 8-K | |||
9/30/20 | 10-Q, 13F-HR | |||
7/29/20 | 10-Q, 8-K | |||
6/30/20 | 10-Q, 13F-HR | |||
4/30/20 | 10-Q, 8-K | |||
3/31/20 | 10-Q, 13F-HR | |||
1/31/20 | ||||
12/31/19 | 10-K, 11-K, 13F-HR | |||
9/30/19 | 10-Q, 13F-HR | |||
6/30/19 | 10-Q, 13F-HR, 13F-HR/A | |||
3/31/19 | 10-Q, 13F-HR | |||
12/31/18 | 10-K, 11-K, 13F-HR | |||
6/23/16 | ||||
5/6/08 | ||||
11/15/99 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/04/21 Janus Henderson Group plc 8-K:1,2,5,7 2/04/21 13:8M Toppan Merrill Bridge/FA 10/29/20 Janus Henderson Group plc 10-Q 9/30/20 72:12M Toppan Merrill Bridge/FA 7/29/20 Janus Henderson Group plc 10-Q 6/30/20 73:12M Toppan Merrill Bridge/FA 5/06/20 Janus Henderson Group plc 8-K:8,9 5/06/20 11:234K Toppan Merrill/FA 5/04/20 Janus Henderson Group plc 8-K:5 4/30/20 10:311K Toppan Merrill/FA 4/30/20 Janus Henderson Group plc 10-Q 3/31/20 72:9.8M Toppan Merrill Bridge/FA 2/26/20 Janus Henderson Group plc 10-K 12/31/19 124:23M Toppan Merrill Bridge/FA 5/25/17 Janus Henderson Group plc 8-A12B 1:20K Toppan Merrill/FA |