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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 16, 2026

  

Commission File Number 001-38103

 

 

 

JANUS HENDERSON GROUP PLC

(Exact name of registrant as specified in its charter)

 

Jersey, Channel Islands 98-1376360
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)

 

201 Bishopsgate EC2M3AE
London, United Kingdom (Zip Code)
(Address of principal executive offices)  

 

+44 (0) 20 7818 1818

(Registrant’s telephone number, including area code)

 

N/A

(Former name, former address and former fiscal year, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $1.50 Per Share Par Value JHG New York Stock Exchange

 

Check the appropriate box below if the Form 8 K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨Soliciting material pursuant to Rule 14a 12 under the Exchange Act (17 CFR 240.14a 12)
¨Pre-commencement communications pursuant to Rule 14d 2(b) under the Exchange Act (17 CFR 240.14d 2(b))
¨Pre-commencement communications pursuant to Rule 13e 4(c) under the Exchange Act (17 CFR 240.13e 4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b 2 of the Securities Exchange Act of 1934 (§240.12b 2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

 

 

 

 

Explanatory Note

 

As previously announced, on December 21, 2025, Janus Henderson Group plc (the “Company”) entered into the Agreement and Plan of Merger (the “Original Merger Agreement” and, as amended by the Amendment (as defined below), the “Merger Agreement”), with Jupiter Company Limited, a company incorporated in Jersey (“Parent”), and Jupiter Merger Sub Limited, a company incorporated in Jersey and a wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which Merger Sub will merge with and into the Company (the “Merger”) in accordance with the Companies (Jersey) Law 1991, with the Company continuing as the surviving company and a wholly owned subsidiary of Parent. On March 24, 2026, the Company, Parent and Merger Sub entered into Amendment No. 1 to the Agreement and Plan of Merger (the “Amendment”), pursuant to which certain terms of the Original Merger Agreement were amended. Subsequently, at the extraordinary general meeting of shareholders of the Company held on April 16, 2026, the shareholders of the Company approved the proposal to approve and adopt the Merger Agreement, as amended or supplemented from time to time, and the transactions contemplated by the Merger Agreement. 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

Amendment to Agreement and Plan of Merger

 

On June 16, 2026, the Company entered into a side letter agreement (the “Side Letter”) with Parent and Merger Sub, which further supplements and amends certain terms of the Merger Agreement (as further amended and supplemented by the Side Letter, the “Amended Merger Agreement”).

 

Pursuant to the terms of the Side Letter, the Company, Parent and Merger Sub have agreed that, among other things:

 

i.the closing of the Merger (the “Closing”) shall occur on June 30, 2026, subject to the satisfaction or waiver of all conditions to Closing as set forth in the Amended Merger Agreement, or if any Closing conditions set forth in the Amended Merger Agreement have not been satisfied or waived as of June 30, 2026, then Closing shall occur seven (7) Business Days after the date upon which all Closing conditions set forth in the Amended Merger Agreement have been satisfied or waived (other than those conditions which by their nature cannot be satisfied until the Closing, but subject to the satisfaction or waiver thereof) or on such other date as Parent and the Company mutually agree in writing;

 

ii.conditions related to those regulatory approvals received as of the date of the Side Letter are satisfied as of the date of the Side Letter; and

 

iii.the date after which the Merger Agreement may be terminated if the merger has not occurred on or prior to such date (referred to in the Merger Agreement as the Termination Date), shall be September 20, 2026.

 

The foregoing description of the Side Letter does not purport to be a complete statement and is qualified in its entirety by reference to (a) the Side Letter, which is attached as Exhibit 2.1.1 to this Current Report on Form 8-K and incorporated herein by reference, (b) the Original Merger Agreement, which is attached as Exhibit 2.1 to the previously filed Current Report on Form 8-K filed by the Company on December 22, 2025 with the Securities and Exchange Commission (the “SEC”) and incorporated herein by reference, and (c) the Amendment, which is attached as Exhibit 2.1 to the previously filed Current Report on Form 8-K filed by the Company on March 24, 2026 with the SEC and incorporated herein by reference.

 

Item 7.01 Regulation FD Disclosure.

 

On June 18, 2026, the Company issued a press release announcing that it has secured the regulatory approvals and client consents required to complete its previously announced take-private transaction. The transaction is expected to close on June 30, 2026, subject to the continued satisfaction of all closing conditions under the Amended Merger Agreement. A copy of the press release is furnished as Exhibit 99.1 hereto.

 

The information in this Item 7.01 and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as set forth by specific reference in such filing.

 

 

 

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
Number
  Description
   
2.1.1   Side Letter, dated as of June 16, 2026, by and among Janus Henderson Group plc, Jupiter Company Limited, and Jupiter Merger Sub Limited.
2.1.2*+   Agreement and Plan of Merger, dated as of December 21, 2025, by and among Janus Henderson Group plc, Jupiter Company Limited, and Jupiter Merger Sub Limited (incorporated by reference to Exhibit 2.1 of the Company’s Current Report on Form 8-K filed with the SEC on December 22, 2025).
2.1.3   Amendment No. 1 to the Agreement and Plan of Merger, dated as of March 24, 2026, by and among Janus Henderson Group plc, Jupiter Company Limited, and Jupiter Merger Sub Limited (incorporated by reference to Exhibit 2.1 of the Company’s Current Report on Form 8-K filed with the SEC on March 24, 2026).
99.1   Press Release, dated as of June 18, 2026.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

* Certain schedules and attachments have been omitted pursuant to Item 601(a)(5) of Regulation S-K.
+ Portions of this exhibit have been omitted pursuant to Item 601(b)(2)(ii) of Regulation S-K.

 

 

 

 

Forward Looking Statements

 

Certain statements in this Form 8-K not based on historical facts are “forward-looking statements” within the meaning of the federal securities laws. Such forward-looking statements involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance or achievements to differ materially from those discussed. These include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects or future events, including with respect to the timing and anticipated benefits of pending and recently completed transactions and strategic partnerships, and expectations regarding opportunities that align with our strategy. In some cases, forward-looking statements can be identified by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would,” and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements.

 

Various risks, uncertainties, assumptions and factors that could cause our future results to differ materially from those expressed by the forward-looking statements included in this Form 8-K include, but are not limited to, the timing of the closing of the proposed transaction, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all or that the closing of the proposed transaction would not occur, the outcome of any legal proceedings that may be instituted against the parties and others related to the merger agreement, that shareholder litigation in connection with the proposed transaction may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability, unanticipated difficulties or expenditures relating to the proposed transaction, including the impact of the transaction on Janus Henderson’s business, that the proposed transaction generally may involve unexpected costs, liabilities or delays, that the business of Janus Henderson may suffer as a result of uncertainty surrounding the proposed transaction or the identity of the purchaser, that Janus Henderson may be adversely affected by other economic, business, and/or competitive factors, including the net asset value of assets in certain of Janus Henderson’s funds, and/or potential difficulties in employee retention as a result of the announcement and pendency of the proposed transaction, changes in interest rates and inflation, changes in trade policies (including the imposition of new or increased tariffs), volatility or disruption in financial markets, our investment performance as compared to third-party benchmarks or competitive products, redemptions, and other risks, uncertainties, assumptions, and factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2025, and in other filings or furnishings made by Janus Henderson with the SEC from time to time.

 

 

 

 

Signature

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 18, 2026

 

  JANUS HENDERSON GROUP PLC
     
  By: /s/ Sukh Grewal
  Name: Sukh Grewal
  Title: Chief Financial Officer

 

 

 

 

Exhibit 2.1.1

 

STRICTLY CONFIDENTIAL

 

VIA EMAIL

CONFIDENTIAL

 

June 16, 2026

 

Jupiter Company Limited

c/o Trian Fund Management, L.P.

280 Park Avenue, 41st Floor

New York, NY 10017

Attention: Brian L. Schorr
  Daniel R. Marx
Email: [email protected]
  [email protected]

 

General Catalyst Group Management, LLC

20 University Road, Fourth Floor

Cambridge, MA 02138

Attention: Christopher McCain
E-mail: [email protected]

 

Re:Closing Date

 

Reference is made to the Agreement and Plan of Merger, dated as of December 21, 2025 (as amended, modified or supplemented from time to time in accordance with its terms, including by that certain Amendment No. 1, dated as of March 24, 2026, the “Merger Agreement”), by and among Jupiter Company Limited, a company incorporated in Jersey (“Parent”), Jupiter Merger Sub Limited, a company incorporated in Jersey and a wholly owned subsidiary of Parent (“Merger Sub”), and Janus Henderson Group plc, a company incorporated in Jersey (the “Company” and together with Parent and Merger Sub, the “Parties”). Capitalized terms used herein and not defined have the meaning given to them in the Merger Agreement.

 

The Parties acknowledge and agree as follows:

 

1.Pursuant to Section 1.2 of the Merger Agreement, the Parties hereby agree that the Closing shall occur on June 30, 2026 subject to the satisfaction or waiver of all conditions set forth in Article VIII at or prior to the Closing or, if any conditions set forth in Article VIII have not been satisfied or waived as of June 30, 2026, then the Closing shall occur (a) seven (7) Business Days after the date upon which all conditions set forth in Article VIII have been satisfied or waived (other than those conditions which by their nature cannot be satisfied until the Closing, but subject to the satisfaction or, to the extent permitted by law, waiver thereof at the Closing) or (b) such other date as Parent and the Company shall mutually agree in writing.

 

 

 

 

2.As of the date hereof, the Parties hereby acknowledge and agree that the conditions to the obligations of the Company, Parent and Merger Sub to effect the Merger set forth in Section 8.1 of the Merger Agreement (other than the conditions set forth in Section 8.1(b), which would be satisfied as of the date of this letter agreement if the Closing Date were to be the date of this letter agreement) have been satisfied.

 

3.Section 9.1(b) of the Merger Agreement is hereby amended and restated in its entirety to read as follows:

 

“By either the Company or Parent if the Effective Time shall not have occurred on or before September 20, 2026 (the “Termination Date”); provided, however, that the right to terminate this Agreement under this Section 9.1(b) shall not be available to any party whose failure to fulfill any obligation under this Agreement has been the primary cause of the failure of the Effective Time to occur on or before the Termination Date and such action or failure to perform constitutes a breach of this Agreement;”.

 

4.Section 8.1(d) of the Company Disclosure Schedule is hereby amended to delete Item 8 therefrom in its entirety.

 

5.Section 7.15 of the Merger Agreement is hereby amended and restated in its entirety to read as follows:

 

Immediately prior to the Effective Time, Jupiter Borrower, Inc., a Delaware corporation and Wholly Owned Subsidiary of Merger Sub (“Debt Merger Sub”), shall incur the Debt Financing. Debt Merger Sub shall distribute the proceeds of the Debt Financing to Merger Sub, which will in turn lend such proceeds to Parent. Substantially contemporaneously with the Effective Time, Debt Merger Sub shall merge with and into Janus Henderson US (Holdings) Inc., a Wholly Owned Subsidiary of the Company (“Janus Henderson US”, and such merger, the “Debt Merger”), with Janus Henderson US continuing as the surviving corporation. The Parties intend that for U.S. federal income tax purposes the Debt Financing be treated as incurred by Janus Henderson US and the distribution of the proceeds of the Debt Financing be treated as made by Janus Henderson US to the Company.”

 

Except as otherwise expressly provided herein, the Merger Agreement shall remain unchanged and in full force and effect, and, to the extent applicable, such terms shall apply to this letter agreement as if it formed a part of the Merger Agreement. From and after the execution of this letter agreement by the parties hereto, any reference to the Merger Agreement, and each reference in the Merger Agreement to “this Agreement,” “hereof,” “herein,” “hereby,” “hereto,” “herewith,” “hereunder” and derivative or similar words, shall be deemed to be a reference to the Merger Agreement as supplemented by this letter agreement. Each reference in the Merger Agreement, as supplemented hereby, to “the Effective Date”, “the date of this Agreement”, “the date hereof” or any similar reference shall continue to refer to December 21, 2025.

 

Sections 10.3 (Successors and Assigns), 10.4 (Governing Law; Jurisdiction; Specific Performance), 10.5 (Expenses), 10.6 (Severability; Construction), 10.7 (Notices), 10.8 (Entire Agreement), 10.9 (Parties in Interest), 10.10 (Section and Paragraph Headings), 10.11 (Counterparts), Section 10.14 (Non-Recourse) and 10.15 (Interpretative Provisions) of the Merger Agreement shall apply mutatis mutandis to this letter agreement.

 

[Signature Page Follows.]

 

-2-

 

 

Please indicate your understanding and agreement with the foregoing by signing a copy of this letter agreement where indicated below and returning it to our attention.

 

  Sincerely,
   
  JANUS HENDERSON GROUP PLC
   
  by
    /s/ Ali Dibadj
    Name: Ali Dibadj
    Title: Chief Executive Officer

 

[Signature Page to Closing Date Letter Agreement]

 

 

 

 

Acknowledged and agreed,

 

JUPITER COMPANY LIMITED

 

by  
  /s/ Peter W. May  
  Name: Peter W. May  
  Title: Authorized Signatory  

 

JUPITER MERGER SUB LIMITED

 

by  
  /s/ Peter W. May  
  Name: Peter W. May  
  Title: Authorized Signatory  

 

[Signature Page to Closing Date Letter Agreement]

 

 

 

 

Exhibit 99.1

 

Janus Henderson Announces Receipt of Required Regulatory Approvals and
Client Consents following
Resounding Shareholder Approval of the Trian and General
Catalyst Take-Private Transaction

 

Anticipates June 30, 2026 Closing Date

 

June 18, 2026

 

LONDON -- Janus Henderson Group plc (NYSE: JHG; “Janus Henderson”, or the “Company”) today announced that it has secured the regulatory approvals and client consents required to complete its previously announced take-private transaction with Trian Fund Management, L.P. and its affiliated funds (“Trian”), and General Catalyst Group Management, LLC and its affiliated funds (“General Catalyst”). The receipt of required regulatory approvals and client consents represents a significant milestone toward the completion of the transaction with Trian and General Catalyst following the earlier announced resounding shareholder approval.

 

The take-private transaction with Trian and General Catalyst is expected to close on June 30, 2026, subject to the continued satisfaction of all closing conditions under the definitive agreement for the transaction.

 

At the closing, pursuant to the definitive agreement for the transaction dated December 21, 2025, as amended, holders of Janus Henderson shares not already owned or controlled by Trian will be converted into a right to receive $52.00 per share in cash. Upon completion of the transaction, Janus Henderson will become a privately held company, and its ordinary shares will be delisted from the NYSE.

 

Trian and General Catalyst have great respect for the Janus Henderson team and are excited to partner with them to invest in growth, as a private company for the benefit of its clients.

 

Forward Looking Statements

 

Certain statements in this press release not based on historical facts are “forward-looking statements” within the meaning of the federal securities laws. Such forward-looking statements involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance or achievements to differ materially from those discussed. These include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects or future events, including with respect to the timing and anticipated benefits of pending and recently completed transactions and strategic partnerships, and expectations regarding opportunities that align with our strategy. In some cases, forward-looking statements can be identified by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would,” and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements.

 

 

 

 

Various risks, uncertainties, assumptions and factors that could cause our future results to differ materially from those expressed by the forward-looking statements included in this press release include, but are not limited to, the timing of the closing of the proposed transaction, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all or that the closing of the proposed transaction would not occur, the outcome of any legal proceedings that may be instituted against the parties and others related to the merger agreement, that shareholder litigation in connection with the proposed transaction may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability, unanticipated difficulties or expenditures relating to the proposed transaction, including the impact of the transaction on Janus Henderson’s business, that the proposed transaction generally may involve unexpected costs, liabilities or delays, that the business of Janus Henderson may suffer as a result of uncertainty surrounding the proposed transaction or the identity of the purchaser, that Janus Henderson may be adversely affected by other economic, business, and/or competitive factors, including the net asset value of assets in certain of Janus Henderson’s funds, and/or potential difficulties in employee retention as a result of the announcement and pendency of the proposed transaction, changes in interest rates and inflation, changes in trade policies (including the imposition of new or increased tariffs), volatility or disruption in financial markets, our investment performance as compared to third-party benchmarks or competitive products, redemptions, and other risks, uncertainties, assumptions, and factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2025, and in other filings or furnishings made by Janus Henderson with the SEC from time to time.

 

About Janus Henderson

 

Janus Henderson Group is a leading global active asset manager dedicated to helping clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. As of March 31, 2026, Janus Henderson had approximately US$480 billion in assets under management, more than 2,000 employees, and offices in 26 cities worldwide. The firm helps millions of people globally invest in a brighter future together. Headquartered in London, Janus Henderson is listed on the New York Stock Exchange.

 

About Trian

 

Trian is a leading investment company with decades of experience bringing an entrepreneurial spirit, deep operational expertise, and an ownership mentality across its public and private investments. Trian's team is a collection of founders, operators, and investors who have served on boards and transformed some of the world's leading and most iconic companies. Trian’s approach is to invest in high-quality businesses with untapped potential and work closely with leadership teams to drive sustainable long-term shareholder value.

 

About General Catalyst

 

General Catalyst is a global investment and transformation company with venture at its core. We meet the most ambitious founders where they are from seed to growth stage and beyond to drive resilience and applied AI. With offices in San Francisco, New York City, Boston, Berlin, Bangalore, London, and Washington, D.C., we support entrepreneurs with a long-term view who challenge the status quo and give them access to insanely powerful advantages. General Catalyst has supported the growth of 800+ businesses, including Airbnb, Anduril, Anthropic, Applied Intuition, Commure, Glean, Guild, Gusto, Helsing, Hubspot, Kayak, Livongo, Mistral, Ramp, Samsara, Snap, Stripe, Sword, and Zepto. 

 

 

 

 

Investor enquiries:

 

Jim Kurtz

Head of Investor Relations

+1 303 336 4529

[email protected]

 

Media enquiries:

 

Candice Sun
Global Head of Corporate Communications
+1 303 336 5452
[email protected]