JANUS HENDERSON GROUP PLC

Janus Henderson Group plc announced that it has secured the necessary regulatory approvals and client consents to complete its previously announced take-private transaction with Trian Fund Management and General Catalyst. The transaction is now expected to close on June 30, 2026, subject to the satisfaction of all closing conditions. A side letter agreement has amended the merger agreement, setting the closing date for June 30, 2026, and extending the termination date to September 20, 2026. Upon completion, Janus Henderson will become a private company, and its shares will be delisted from the NYSE, with remaining shareholders receiving $52.00 per share in cash.

Janus Henderson Group PLC shareholders approved the all-cash merger agreement, where the company will be acquired for $52.00 per share by an investor group led by Trian and General Catalyst. The merger is expected to close in mid-2026. Additionally, the company completed the acquisition of Richard Bernstein Advisors (RBA) on April 1, 2026, adding approximately $20 billion in client assets. For Q1 2026, total revenue increased to $690.0 million, while net income attributable to JHG decreased to $90.9 million, and diluted EPS fell to $0.59.

Janus Henderson Group plc reported solid first-quarter 2026 results, with adjusted diluted EPS of US$0.90 and net inflows of US$2.9 billion, a significant improvement from breakeven net flows in Q4 2025. Assets Under Management (AUM) grew to US$480 billion as of March 31, 2026, marking a 29% increase year-over-year. The company also provided an update on its pending take-private transaction with Trian Fund Management and General Catalyst, which received overwhelming shareholder approval in April and is expected to close in mid-2026. Investment performance remained strong across multiple time horizons.