SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of APRIL, 2006
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Commission File Number 001-13908
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AMVESCAP PLC
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(Translation of registrant's name into English)
30 Finsbury Square, London EC2A 1AG, ENGLAND
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F:
Form 20-F__X__ Form 40-F____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes____ No__X__
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): N/A
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Description of document filed: 2004 Interim Results
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AMVESCAP 2004 INTERIM RESULTS
Company Profile
AMVESCAP is a leading independent global investment manager, dedicated to
helping people worldwide build their financial security. Operating primarily
under the AIM, INVESCO, and Atlantic Trust brands, AMVESCAP strives to deliver
outstanding products and services through a comprehensive array of retail and
institutional products for clients in more than 100 countries.
Contents:
Financial Highlights
Chairman's Statement
Group Profit and Loss Account
Group Balance Sheet
Group Cash Flow Statement
Segmental Information
Notes
Independent Review Report to AMVESCAP PLC
Funds Under Management
Reconciliation to U.S. Accounting Principles
Voting at the Annual General Meeting
General Shareholders' Information
FINANCIAL HIGHLIGHTS UNAUDITED (CHART)
DILUTED EPS* PENCE
6/30/04 - 11.2
6/30/03 - 9.6
2003 - 23.2
2002 - 27.2
2001 - 40.0
2000 - 54.7
* before goodwill amortization and exceptional items
SIX MONTHS ENDED JUNE 30 (CHART)
2004(A) 2003(A) 2004 2003
--------- ------- ------- -------
Revenues $1,044.6m $911.8m L577.1m L552.6m
Profit before tax, goodwill
amortization, and exceptional items $ 252.5m $183.0m L139.5m L110.9m
Earnings per share before
goodwill amortization and
exceptional items:
- basic $ 0.41b $ 0.32b 11.3p 9.6p
- diluted $ 0.41b $ 0.32b 11.2p 9.6p
Earnings per share
before goodwill amortization:
- basic $ 0.41b $ 0.15b 11.3p 4.6p
- diluted $ 0.41b $ 0.15b 11.2p 4.6p
(a) Pounds sterling for the period ended June 30, 2004, have been translated to
U.S. dollars using $1.81 per L1.00 (2003: $1.65 per L1.00).
(b) Per American Depositary Share, equivalent to 2 ordinary shares.
REVENUES L MILLIONS (CHART)
6/30/04 - 577.1
6/30/03 - 552.6
2003 - 1,158.1
2002 - 1,345.3
2001 - 1,619.8
2000 - 1,628.7
OPERATING PROFIT* L MILLIONS (CHART)
6/30/04 - 151.9
6/30/03 - 133.9
2003 - 310.9
2002 - 366.9
2001 - 523.4
2000 - 588.9
* before goodwill amortization and exceptional items
CHAIRMAN'S STATEMENT
Dear Fellow Shareholders:
AMVESCAP reported that profit before tax, goodwill amortization and exceptional
items for the six months ended June 30, 2004, amounted to L139.5 million ($252.5
million) compared to L110.9 million ($183.0 million) for the six months of 2003.
Diluted Earnings per share before goodwill amortization and exceptional items
amounted to 11.2p (2003: 9.6p). Revenues totaled L577.1 million ($1,044.6
million) in the first half of 2004 compared to L552.6 million ($911.8 million)
in 2003.
AMVESCAP achieved a solid rise in earnings during the first half of 2004 that
was partially obscured by the impact of foreign exchange rates. Our businesses
in the U.K., Canada, Europe, and Asia experienced good growth. In the U.S.,
however, uncertainty surrounding regulatory issues has hindered our full
participation in that marketplace, despite the steadily improving performance of
our products.
AMVESCAP's efforts to reach a settlement with U.S. regulators continue to
progress, and we hope to resolve these matters in the near future. AMVESCAP's
Board of Directors has decided to defer a decision on the interim dividend until
after a regulatory settlement has been concluded.
Financial Summary
Profit before tax, goodwill amortization and exceptional items for the three
months ended June 30, 2004, amounted to L67.6 million ($122.4 million) compared
to L62.4 million ($103.0 million) in the 2003 second quarter. Diluted earnings
per share before goodwill amortization and exceptional items amounted to 5.4p
(2003: 5.4p) for the three months ended June 30, 2004. Revenues for the three
months ended June 30, 2004, amounted to L288.8 million ($522.7 million) compared
to L281.8 million ($465.0 million) from the prior year's quarter.
Funds under management totaled $371.8 billion (L205.4 billion) at June 30, 2004,
compared to $370.6 billion at December 31, 2003. Approximately 55% of the total
funds under management were invested in equity securities and 45% were invested
in fixed income and other securities at June 30, 2004 (March 31, 2004: 55%
Equity and 45% Fixed Income). Equity securities were invested in the following
disciplines at June 30, 2004: 32% in growth, 41% in core and 27% in value styles
(March 31, 2004: 32% in growth, 42% in core, and 26% in value styles).
Institutional money market funds, included above, amounted to $42.3 billion at
June 30, 2004, compared to $50.9 billion at December 31, 2003.
Average funds under management for the six months ended June 30, 2004 were
$374.4 billion, compared to $329.9 billion for the first half of 2003. Of these
funds, average institutional money market fund levels totaled $47.0 billion for
the first half of 2004 compared to $52.6 billion of the first half 2003. Average
funds under management during the second quarter were $372.6 billion
compared to $376.3 billion for the preceding quarter and $335.8 billion for the
second quarter of 2003.
Earnings before interest, taxes, depreciation, amortization and exceptional
items (EBITDA) reached L190.1 million ($344.1 million) and L92.7 million ($167.8
million) for the six months and second quarter ended June 30, 2004. Net debt at
June 30, 2004, amounted to L524.3 million compared to L576.6 million at December
31, 2003.
Business Highlights
The AIM U.S. group reported operating profit of L78.4 million. Funds under
management amounted to $138.5 billion at June 30, 2004, including $42.3 billion
relating to institutional money market funds. During the quarter, AIM U.S.
launched AIM Allocation Solutions, a group of three multi-fund portfolios that
offers a simplified approach to achieving asset allocation and diversification.
This new series of investment solutions has been well-received by financial
advisors.
The AIM Canada group reported operating profit of L46.4 million. The Canadian
retail business increased net sales to $588 million in the six months ended June
30, 2004, compared to $64.1 million in the six months ended June 30, 2003. Funds
under management amounted to $30.8 billion at June 30, 2004.
The INVESCO U.S. group reported revenues of L102.1 million and operating profits
of L29.6 million in the first half of 2004. The operating profit margin for this
business was 28.9% for the 2004 period, compared to 23.4% for the prior year.
Sales of alternative asset classes were strong through the first six months of
the year, including the funding of three new financial structures for a total of
approximately $1.2 billion in assets. Funds under management amounted to $120.2
billion at June 30, 2004.
INVESCO U.K.'s revenues amounted to L93.8 million for the first half of 2004, an
increase of L11.3 million from the prior year. Operating profits totaled L11.6
million for the first half of 2004, compared with L8.1 Million from the prior
year. Investment performance of U.K. managed funds remains strong with over 75%
of assets outperforming their peer group over both 1 and 3 years. This business
generated $500 million in net sales during the period. Funds under management
were $43.1 billion at June 30, 2004, an increase of $4.1 billion from the end of
2003.
INVESCO Europe/Asia's revenues amounted to L38.5 million for the first half of
2004, compared to L35.7 million in the prior year. Operating profits have
increased by L2.4 million for the first half of 2004. During this quarter, our
China joint venture successfully launched a second China fund, raising over $300
million. Funds under management were $24.5 billion at June 30, 2004, an increase
of $700 million during the year.
Private Wealth Management and AMVESCAP Retirement's revenues amounted to L44.6
million during the six months ended June 30, 2004. In March, Atlantic Trust,
AMVESCAP's private wealth management group, completed its acquisition of Stein
Roe Investment Counsel LLC, adding approximately $7 billion in assets under
management. AMVESCAP Retirement had $27.7 billion in assets under administration
at June 30, 2004. This group services 1,200 plans with 624,000 plan participants
at June 30, 2004.
Once we have resolved our regulatory issues, I am confident that the proven
strengths of our company - strong distribution, global presence, powerful
brands, outstanding customer service,
and a well diversified product line - will pave the way for AMVESCAP to fully
participate in all markets.
Charles W. Brady
Executive Chairman
July 28, 2004
FUNDS UNDER MANAGEMENT (CHART)
$ BILLIONS
6/30/04 - 371.8
6/30/03 - 347.6
2003 - 370.6
2002 - 332.6
2001 - 397.9
2000 - 402.6
EBITDA* (CHART)
L MILLIONS
6/30/04 - 190.1
6/30/03 - 172.4
2003 - 386.6
2002 - 433.7
2001 - 603.4
2000 - 659.7
* before exceptional items
GROUP PROFIT AND LOSS ACCOUNT (CHART)
Six Months Ended June 30,
Thousands 2004 2003
------------------------- --------- ---------
Revenues L 577,088 L 552,594
Expenses:
Operating (425,159) (418,723)
Exceptional -- (62,094)
Goodwill amortization (76,025) (74,838)
Operating profit 75,904 (3,061)
Investment income 7,558 3,499
Interest expense (20,016) (26,435)
Profit before taxation 63,446 (25,997)
Taxation (48,858) (11,592)
Profit after taxation 14,588 (37,589)
Dividends -- (40,835)
Retained profit for the period L 14,588 L (78,424)
Earnings per share before
goodwill amortization
and exceptional items:
- basic 11.3p 9.6p
- diluted 11.2p 9.6p
Earnings per share:
- basic 1.8p -4.7p
- diluted 1.8p -4.7p
Average shares outstanding:
- basic 803,384 803,844
- diluted 812,513 805,953
GROUP PROFIT AND LOSS ACCOUNT (CHART)
Three Months Ended June 30,
Thousands 2004 2003
--------------------------- --------- ---------
Revenues L 288,818 L 281,796
Expenses:
Operating (212,213) (207,142)
Exceptional -- (62,094)
Goodwill amortization (38,442) (37,492)
Operating profit 38,163 (24,932)
Investment income 1,239 2,011
Interest expense (10,227) (14,225)
Profit before taxation 29,175 (37,146)
Taxation (23,680) 3,247
Profit after taxation 5,495 (33,899)
Dividends -- (40,835)
Retained profit for the period L 5,495 L (74,734)
Earnings per share before goodwill
amortization and exceptional items:
- basic 5.5p 5.4p
- diluted 5.4p 5.4p
Earnings per share:
- basic 0.7p -4.2p
- diluted 0.7p -4.2p
Average shares outstanding:
- basic 804,415 803,120
- diluted 812,039 805,865
GROUP BALANCE SHEET (CHART)
Three Months Ended June 30,
Thousands June 30, 2004 Dec. 31, 2003
--------------------------- ------------- -------------
Fixed assets
Goodwill L 2,385,131 L 2,411,803
Investments 87,105 89,639
Tangible assets 159,161 170,598
2,631,397 2,672,040
Current assets
Debtors 923,395 880,467
Investments 68,695 74,652
Cash 251,633 318,713
1,243,723 1,273,832
Current liabilities
Current maturities of
long-term debt (219,575) --
Creditors (1,035,799) (1,089,759)
(1,255,374) (1,089,759)
Net current assets (11,651) 184,073
Total assets less current liabilities 2,619,746 2,856,113
Long-term debt (471,146) (730,041)
Provisions for liabilities and charges (69,375) (77,601)
Net assets L 2,079,225 L 2,048,471
Capital and reserves
Called up share capital L202,607 L 200,264
Share premium account 700,257 675,755
Shares held by
employee trusts (201,362) (185,809)
Exchangeable shares 309,106 330,629
Profit and loss account 515,005 500,417
Other reserves 553,612 527,215
Shareholders' funds, equity interests L 2,079,225 L 2,048,471
GROUP CASH FLOW STATEMENT (CHART)
Six Months Ended June 30,
Thousands 2004 2003
------------------------- -------- --------
Operating profit L 75,904 L (3,061)
Goodwill amortization and depreciation 98,582 101,275
Change in debtors, creditors and other (79,521) 47,340
Net cash inflow from operating activities 94,965 145,554
Interest paid, net of investment income (17,290) (21,277)
Taxation (33,309) (60,949)
Capital expenditures, net of sales (9,677) (15,986)
Net (purchase)/disposal of fixed
asset investments (1,385) 5,654
Acquisitions and disposals (28,195) (10,635)
Dividends paid (53,312) (52,978)
Net repayment of debt (9,913) (31,756)
Change in bank overdraft (117) (5,196)
Foreign exchange on cash at bank and in hand (8,847) (490)
Decrease in cash at bank and in hand L(67,080) L(48,059)
SEGMENTAL INFORMATION (CHART)
Six Months Ended June 30, 2004
Thousands Revenues Expenses Oper.Profit*
------------------------- -------- --------- ------------
AIM
U.S L213,409 L(135,024) L 78,385
Canada 84,699 (38,262) 46,437
98,108 (173,286) 124,822
INVESCO
U.S 102,133 (72,566) 29,567
U.K 93,778 (82,169) 11,609
Europe/Asia 38,518 (37,889) 629
234,429 (192,624) 41,805
Private Wealth/Retirement 44,551 (43,299) 1,252
Corporate -- (15,950) (15,950)
L577,088 L(425,159) L151,929
Six Months Ended June 30, 2003
Thousands Revenues Expenses Oper.Profit*
------------------------- -------- --------- ------------
AIM
U.S L239,708 L(150,944) L 88,764
Canada 69,909 (37,221) 32,688
309,617 (188,165) 121,452
INVESCO
U.S 83,703 (64,149) 19,554
U.K 82,515 (74,368) 8,147
Europe/Asia 35,734 (37,551) (1,817)
201,952 (176,068) 25,884
Private Wealth/Retirement 41,025 (41,867) (842)
Corporate -- (12,623) (12,623)
L552,594 L(418,723) L133,871
* before goodwill amortization and exceptional items
NOTES
Note 1.
The taxation charge is estimated based on the total expected tax charge for the
year. A significant proportion of the charge is expected to arise from U.S.
operations.
Note 2.
Basic earnings per share is based on the weighted average number of ordinary and
exchangeable shares outstanding during the respective periods. Diluted earnings
per share takes into account the effect of dilutive potential ordinary and
exchangeable shares outstanding during the six-month period.
(CHART)
2004
Profit Number Per share
Thousands, except per share amounts after taxation of shares amount
----------------------------------- -------------- --------- ---------
Basic earnings per share L14,588 803,384 1.8p
Dilutive effect of options -- 9,129
Diluted earnings per share L14,588 812,513 1.8p
2003
Profit Number Per share
Thousands, except per share amounts after taxation of shares amount
----------------------------------- -------------- --------- ---------
Basic and diluted earnings per
share L(37,589) 803,844 4.7p
Profit before goodwill amortization and exceptional items is a more appropriate
basis for the calculation of earnings per share since this represents a more
consistent measure of the year-by-year performance of the business; therefore,
the calculation below is presented on that basis.
(CHART)
2004
Profit before
Goodwill
amortization
and exceptional Number Per share
Thousands, except per share amounts items of shares amount
----------------------------------- --------------- --------- ---------
Basic earnings per share L90,613 803,384 11.3p
Dilutive effect of options -- 9,129
Diluted earnings per share L90,613 812,513 11.2p
(CHART)
2003
Profit before
Goodwill
amortization
and exceptional Number Per share
Thousands, except per share amounts items of shares amount
----------------------------------- --------------- --------- ---------
Basic earnings per share L76,989 803,884 9.6p
Dilutive effect of options -- 2,109
Diluted earnings per share L76,989 805,953 9.6p
Note 3.
The 2003 consolidated profit and loss includes exceptional charges as follows:
(CHART)
Thousands 2003
--------- ------
Redundancy 31,054
U.S. Retail reorganization 12,183
Lease costs 9,620
Acquisitions 2,326
Project costs & other 6,911
Total exceptional items 62,094
Total exceptional items net of tax 39,740
Diluted per share impact 4.9p
Note 4.
On March 1, 2004, we completed the acquisition of Stein Roe Investment Counsel
LLC for consideration totaling L87.3 million which includes earn-out provisions
of L23.0 million. Goodwill and management contract intangible assets of L84.3
million have been recorded on this acquisition; net cash paid was L36.2 million
and shares were issued to the value of L25.3 million. On March 31, 2004, we
completed the disposal of the U.K. and Jersey businesses of Atlantic Wealth
Management. A gain of L4.7 million has been recorded within investment income.
Note 5.
The Company adopted Urgent Issues Task Force Abstract 38, "Accounting for ESOP
trusts," as of June 30, 2004, which requires that the Company's shares owned by
employee share ownership trusts be recorded as deductions from equity rather
than assets on the balance sheet. Certain prior year amounts have been
reclassified to conform to current year presentation.
INDEPENDENT REVIEW REPORT TO AMVESCAP PLC
Introduction
We have been instructed by AMVESCAP PLC (the "Group") to review the financial
information for the three and six months ended June 30, 2004 which comprises the
Group Profit and Loss Account, Group Balance Sheet, Group Cash Flow Statement,
Segmental Information and the related notes 1 to 5. We have read the other
information contained in the interim report and considered whether it contains
any apparent misstatements or material inconsistencies with the financial
information.
This report is made solely to the company in accordance with guidance contained
in Bulletin 1999/4 'Review of interim financial information' issued by the
Auditing Practices Board. To the fullest extent permitted by the law, we do not
accept or assume responsibility to anyone other than the company, for our work,
for this report, or for the conclusions we have formed.
Directors' responsibilities
The interim report, including the financial information contained therein, is
the responsibility of, and has been approved by, the directors. The directors
are responsible for preparing the interim report in accordance with the Listing
Rules of the Financial Services Authority which require that the accounting
policies and presentation applied to the interim figures should be consistent
with those applied in preparing the preceding annual financial statements except
where any changes, and the reasons for them, are disclosed.
Review work performed
We conducted our review in accordance with guidance contained in Bulletin 1999/4
'Review of interim financial information' issued by the Auditing Practices Board
for use in the United Kingdom. A review consists principally of making enquiries
of group management and applying analytical procedures to the financial
information and underlying financial data and, based thereon, assessing whether
the accounting policies and presentation have been consistently applied, unless
otherwise disclosed. A review excludes audit procedures such as tests of
controls and verification of assets, liabilities and transactions. It is
substantially less in scope than an audit performed in accordance with United
Kingdom Auditing Standards and therefore provides a lower level of assurance
than an audit. Accordingly we do not express an audit opinion on the financial
information.
Review conclusion
On the basis of our review we are not aware of any material modifications that
should be made to the financial information as presented for the three and six
months ended June 30, 2004.
Ernst & Young, LLP
London
July 28, 2004
FUNDS UNDER MANAGEMENT (CHART)
AIM INVESCO
Billions Total U.S. Canada U.S. U.K. Europe/Asia PWM
-------- ------ ------ ------ ------ ----- ----------- -----
Dec 31, 2003 $370.6 $149.4 $28.7 $120.2 $39.0 $23.8 $ 9.5
Market gains 9.3 2.2 1.6 2.6 2.1 0.8 --
Net new/
(lost) business (6.9) (5.3) 0.6 (2.6) 0.5 0.3 (0.4)
Change in money
market funds
Acquisitions/ (7.8) (7.8) -- -- -- -- --
(disposals) 6.1 -- -- -- -- -- 6.1
Transfers -- -- -- -- 0.5 -- (0.5)
Foreign currency 0.5 -- (0.1) -- 1.0 (0.4) --
June 30, 2004 $371.8 $138.5 $30.8 $120.2 $43.1 $24.5 $14.7
June 30, 2004(a) L205.4 L 76.5 L17.0 L 66.4 L23.8 L13.6 L 8.1
(a) Translated at $1.81 per L1.00.
Note: AMVESCAP Retirement has $27.7 billion in assets under administration as of
June 30, 2004, and December 31, 2003.
AIM INVESCO
Billions Total U.S. Canada U.S. U.K. Europe/Asia PWM
-------- ------ ------ ------ ------ ----- ----------- -----
March 31, 2004 $381.4 $147.6 $30.5 $121.3 $41.9 $25.3 $14.8
Market gains 2.0 0.3 0.5 0.5 0.8 (0.1) --
Net new/(lost)
business (5.4) (3.5) 0.1 (1.6) 0.2 (0.5) (0.1)
Change in money
market funds (5.8) (5.9) -- -- -- 0.1 --
Foreign currency (0.4) -- (0.3) -- 0.2 (0.3) --
June 30, 2004 $371.8 $138.5 $30.8 $120.2 $43.1 $24.5 $14.7
June 30, 2004(a) L205.4 L 76.5 L17.0 L 66.4 L23.8 L13.6 L 8.1
(a) Translated at $1.81 per L1.00.
Note: AMVESCAP Retirement has $27.7 billion in assets under administration as of
June 30, 2004, compared to $28.3 billion as of March 31, 2004.
RECONCILIATION TO U.S. ACCOUNTING PRINCIPLES(CHART)
Six Months Ended June 30,
Thousands 2004 2003
------------------------- -------- --------
Net profit under U.K. GAAP L 14,588 L(37,589)
U.S. GAAP Adjustments:
Acquisition accounting 70,626 69,445
Redundancy and reorganizations (22,375) 39,112
Taxation 8,011 (12,375)
Other (220) (717)
Net income under U.S. GAAP L 70,630 L 57,876
Earnings per share:
- basic 8.8p 7.2p
- diluted 8.7p 7.2p
Thousands June 30, 2004 Dec. 31, 2003
--------- ------------- -------------
Shareholders' funds under U.K. GAAP L2,079,225 L2,048,471
U.S. GAAP Adjustments:
Fixed assets:
Goodwill 1,120,602 1,071,520
Debtors 136,056 164,325
Investments 2,793 2,901
Current liabilities 26,387 104,750
Long-term debt - non-recourse (136,056) (164,325)
Provisions for liabilities and charges (3,727) (9,282)
Shareholders' equity under U.S. GAAP L3,225,280 L3,218,360
VOTING AT THE ANNUAL GENERAL MEETING (CHART)
The 2004 Annual General Meeting of shareholders was held on April 29, 2004. The
results of the resolutions voted upon, details of which are published on our Web
site, are shown below.
For % of Total Against % of Total
Votes Votes Cast Votes Votes Cast
----------- ---------- --------- ----------
1. To receive accounts 124,446,726 99.57 542,274 0.43
2. To receive remuneration report 109,253,846 97.10 3,264,378 2.90
3. To declare a final dividend 126,505,251 99.98 20,438 0.02
4. To re-elect Joseph R. Canion 124,554,597 99.51 612,171 0.49
5. To re-elect Robert F. Graham 125,799,808 99.43 722,247 0.57
6. To re-elect Thomas R. Fischer 126,114,764 99.68 402,414 0.32
7. To re-elect Bevis Longstreth 124,550,998 99.32 857,116 0.68
8. To elect James I. Robertson 126,006,757 99.59 513,576 0.41
9. To re-elect Stephen K. West 122,974,728 99.12 1,095,668 0.88
10. To re-appoint Ernst & Young LLP 126,189,132 99.73 337,398 0.27
11. Section 80 authority
(directors' authority to allot shares) 124,412,660 98.86 1,430,095 1.14
12. Section 95 authority
(disapplication of pre-emption rights)* 125,553,947 99.22 990,785 0.78
13. Section 166 authority
(power to purchase own shares)* 126,282,804 99.88 155,165 0.12
14. Amendment of Articles
of Association* 124,769,040 98.66 1,698,777 1.34
15. Renew authority to grant options to
employees resident in France* 123,808,814 98.16 2,322,045 1.84
* Special resolution
General Shareholder's Information
Share Price Information
The latest information on the AMVESCAP PLC share price is available on various
financial information Web sites via the Internet. AMVESCAP trades on the London,
New York, Paris, and Toronto stock exchanges with the symbol "AVZ." The share
price is also listed in a number of major news publications in London, Paris,
New York, and Toronto, and in other newspapers throughout the world.
Internet Address
AMVESCAP's Internet address is www.amvescap.com.
Registered Office
AMVESCAP PLC
30 Finsbury Square
London EC2A 1AG
United Kingdom
Company Number
308372
U.K. Shareholders
Administrative inquiries relating to ordinary shareholdings should be addressed
to Capita Registrars at the address shown below and must clearly state the
registered shareholder's name and address. Shareholders can also use the Capita
Registrars Web site (www.capitaregistrars.com) to access their personal
shareholding details. A "hotlink" to this site can also be accessed in the
Investor Relations section of the Company Web site.
Capita Registrars
The Registry
34 Beckenham Road
Beckenham
Kent BR3 4TU
United Kingdom
We now offer shareholders the opportunity to receive notices of shareholder
meetings and shareholder reports, such as the Interim Results, in electronic
form via the Internet rather than in paper form. You would receive an e-mail
notification each time we publish a new shareholder report or notice of meeting
on the Company Web site. If you would like to receive shareholder communications
via the Internet in this way, please register your e-mail address through our
Registrar's Web site. You will need your investor code, which is printed on your
share certificate. We encourage you to use these facilities, as we believe they
will provide a more convenient and prompt method of communication and reduce
demand on natural resources. Should you experience any difficulties in using any
of the facilities described above, please contact our Registrars, Capita
Registrars, on their help line (44 0 87 0162 3100 from the UK or 44 20 8639 2157
outside the UK).
U.S. Shareholders
The Company's American Depositary Shares (ADSs), each representing two ordinary
shares, are listed on the New York Stock Exchange. The Company files reports and
other documents with the Securities and Exchange Commission that are available
for inspection and copying at the SEC's Web site (www.sec.gov) or by writing to
the Company Secretary. The Bank of New York is the depositary for the ADSs. All
inquiries concerning ADS records, certificates, or transfer of ordinary shares
into ADSs (and vice versa) should be addressed to:
The Bank of New York
101 Barclay Street, 22W
New York, New York 10286 USA
Canadian Shareholders
The exchangeable shares of AMVESCAP Inc., a subsidiary of the Company, are
listed on the Toronto Stock Exchange. Exchangeable shares are generally
retractable into the Company's ordinary shares on a one-for-one basis at any
time. They can be compulsorily converted into ordinary shares on or after
December 31, 2009, or earlier in certain circumstances. CIBC Mellon Trust
Company of Toronto is the registrar and transfer agent of the exchangeable
shares of AMVESCAP Inc. All inquiries concerning exchangeable shares,
certificates, or the retraction of exchangeable shares into ordinary shares
should be addressed to CIBC Mellon Trust Company at the address noted below.
CIBC Mellon Trust Company
P.O. Box 7010
Adelaide Street Postal Station
Toronto, Canada
M5C 2W9
Forward-Looking Statements
This report includes statements that constitute "forward-looking statements"
under the United States securities laws. Forward-looking statements include
information concerning possible or assumed future results of our operations,
earnings, liquidity, cash flow and capital expenditures, industry or market
conditions, assets under management, acquisition activities and the effect of
completed acquisitions, debt levels and the ability to obtain additional
financing or make payments on our debt, regulatory developments, demand for and
pricing of our products, and other aspects of our business or general economic
conditions. In addition, when used in this report, words such as "believes,"
"expects," "anticipates," "intends," "plans," "estimates," "projects," and
future or conditional verbs such as "will," "may," "could," "should," and
"would," or any other statement that necessarily depends on future events, are
intended to identify forward-looking statements. Forward-looking statements are
not guarantees of performance. They involve risks, uncertainties, and
assumptions. Although we make such statements based on assumptions that we
believe to be reasonable, there can be no assurance that actual results will not
differ materially from our expectations. We caution investors not to rely unduly
on any forward-looking statements. In connection with any forward-looking
statements, you should carefully consider the areas of risk described in our
most recent Annual Report on Form 20-F, as filed with the United States
Securities and Exchange Commission ("SEC"). You may obtain these reports from
the SEC's website at www.sec.gov.
SIGNATURES
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, thereunto duly authorized.
AMVESCAP PLC
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(Registrant)
Date: 11 April, 2006 By /s/ Michael S. Perman
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(Signature)
Michael S. Perman
Company Secretary