NEW YORK, Dec. 7, 2011 /PRNewswire/ -- Och-Ziff Capital Management Group LLC (NYSE: OZM) ("Och-Ziff" or the "Company") today announced that Daniel S. Och, Chairman and Chief Executive Officer, and certain other executive managing directors of the Company each plan to enter into separate individual Rule 10b5-1 trading plans providing for the purchase of up to an aggregate amount of $20 million of Class A Shares representing limited liability company interests. Under the proposed trading plans, Mr. Och and certain executive managing directors may purchase Class A Shares over time in the open market, in privately negotiated transactions or otherwise. The amount and timing of any purchases will depend on a number of factors, including the price of the Company's Class A Shares, trading volume and general market conditions. A Rule 10b5−1 trading plan would generally permit Mr. Och and certain other executive managing directors to purchase the Class A Shares at times when they might otherwise be prevented from doing so under certain securities laws. The trading plans may be terminated or discontinued at any time.
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This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that reflect the Company's current views with respect to, among other things, future events and financial performance. The Company generally identifies forward-looking statements by terminology such as "outlook," "believe," "expect," "potential," "continue," "may," "will," "should," "could," "seek," "approximately," "predict," "intend," "plan," "estimate," "anticipate," "opportunity," "comfortable," "assume," "remain," "maintain," "sustain," "achieve," "see," "think," "position" or the negative version of those words or other comparable words.Any forward-looking statements contained in this press release are based upon historical information and on the Company's current plans, estimates and expectations. The inclusion of this or any other forward-looking information should not be regarded as a representation by the Company or any other person that the future plans, estimates or expectations contemplated by the Company will be achieved. The Company cautions that forward-looking statements are subject to numerous assumptions, estimates, risks and uncertainties, including but not limited to: global economic, business, market and geopolitical conditions, including Euro-zone sovereign debt issues; U.S. and foreign regulatory developments relating to, among other things, financial institutions and markets, government oversight and taxation; the conditions impacting the hedge fund industry; the Company's ability to successfully compete for fund investors, assets, professional talent and investment opportunities; the Company's ability to retain our partners, managing directors and investment professionals; the Company's successful formulation and execution of its business and growth strategies; the Company's ability to appropriately manage conflicts of interest and tax and other regulatory factors relevant to the Company's business; as well as assumptions relating to the Company's operations, investment performance, financial results, financial condition, business prospects, growth strategy and liquidity.