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: 2003 Interim Results
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AMVESCAP PLC / 2003 INTERIM RESULTS
As one of the largest independent global investment managers, AMVESCAP is
dedicated to helping people worldwide build their financial security. Operating
under our primary AIM, INVESCO, and Atlantic Trust brands, AMVESCAP strives to
deliver outstanding products and services across a full range of investment
solutions.
Shown on the cover and this page: outside and inside views of our new
headquarters, located on London's Finsbury Square. Opened in December 2002, it
houses all London employees from a number of company divisions.
FINANCIAL HIGHLIGHTS UNAUDITED (CHART)
DILUTED EPS* PENCE
6/30/03 - 9.6
6/30/02 - 16.2
2002 - 27.2
2001 - 40.0
2000 - 54.7
1999 - 32.7
* before goodwill amortization and exceptional items
SIX MONTHS ENDED JUNE 30, (CHART)
2003(A) 2002(A) 2003 2002
------- ------- ------ ------
Revenues $911.8m $1,135.0m L552.6m L746.7m
Profit before tax, goodwill
Amortization and exceptional items $183.0m $ 292.6m L110.9m L192.5m
Earnings per share before goodwill
amortization and exceptional items:
- basic $ 0.32(b) $ 0.50(b) 9.6p 16.5p
- diluted $ 0.32(b) $ 0.49(b) 9.6p 16.2p
Earnings per share before
goodwill amortization:
- basic $ 0.15(b) $ 0.45(b) 4.6p 14.7p
- diluted $ 0.15(b) $ 0.44(b) 4.6p 14.4p
Dividends per share $ 0.17(b) $ 0.15(b) 5.0p 5.0p
(a) Pounds sterling for the period ended June 30, 2003 have been translated to
U.S. dollars using $1.65 per L1.00 (2002: $1.52 per L1.00).
(b) Per American Depositary Share, equivalent to 2 ordinary shares.
FUNDS UNDER MANAGEMENT $ BILLIONS (CHART)
6/30/03 - 347.6
6/30/02 - 364.0
2002 - 332.6
2001 - 397.6
2000 - 402.6
1999 - 357.4
CHAIRMAN'S STATEMENT
Dear Fellow Shareholders:
AMVESCAP's results during the first half of 2003 benefited from both recovering
global equity markets and a disciplined focus on prudently lowering operating
expenses. Investment performance
is improving and the successful integration of our U.S. retail mutual fund
distribution capabilities enhances our competitive position. Expense control
efforts have resulted in a 22% reduction in our operating expense level from the
first half of 2002, and we expect to exceed substantially our previously
announced expense reduction target.
2003 Interim Results
AMVESCAP reported that profit before tax, goodwill amortization and exceptional
items for the six months ended June 30, 2003 amounted to L110.9 million ($183.0
million) compared to L192.5 million ($292.6 million) for the six months of 2002.
Diluted earnings per share before goodwill amortization and exceptional items
amounted to 9.6p (2002: 16.2p). Revenues totaled L552.6 million ($911.8 million)
in the first half of 2003 compared to L746.7 million ($1,135.0 million) in 2002.
Profit before tax, goodwill amortization and exceptional items for the three
months ended June 30, 2003 amounted to L62.4 million ($103.0 million) compared
to L95.1 million ($144.6 million) in the 2002 second quarter and L48.5 million
($76.6 million) in the first quarter of the current year. Diluted earnings per
share before goodwill amortization and exceptional items amounted to 5.4p (2002:
8.0p) for the three months ended June 30, 2003, a decrease of 33% over the
corresponding period of 2002 and an increase of 29% over the 4.2p reported in
the first quarter of 2003. Revenues for the three months ended June 30, 2003
amounted to L281.8 million ($465.0 million) compared to L368.9 million ($560.7
million) from the prior year's quarter.
The Company recorded an exceptional charge of L62.1 million in the second
quarter of 2003 for further expected costs relating to internal reorganizations
and restructuring programs, primarily relating to the changes in the U.S. retail
organization and distribution structure. This charge amounts to L39.7 million
after tax or 4.9p per share.
REVENUES L MILLIONS (CHART)
6/30/03 - 552.6
6/30/02 - 746.7
2002 - 1,345.3
2001 - 1,619.8
2000 - 1,628.7
1999 - 1,072.4
Funds under management totaled $347.6 billion (L210.7 billion) at June 30, 2003,
compared to $332.6 billion at December 31, 2002. Approximately 51% of the total
funds under management were invested in equity securities and 49% were invested
in fixed income and other securities at June 30, 2003. Equity securities were
invested in the following disciplines at June 30, 2003: 39% in growth, 40% in
core and 21% in value styles (March 31, 2003: 35% in growth, 38% in core and 27%
in value styles). Institutional money market funds, included above, amounted to
$55.5 billion at June 30, 2003 compared to $57.0 billion at December 31, 2002.
Average funds under management for the six months ended June 30, 2003 were
$329.9 billion, compared to $389.1 billion for the first half of 2002. Average
institutional money market fund levels totaled $52.6 billion for the first half
of 2003. Average funds under management during the second quarter were $335.8
billion compared to $324.0 billion for the preceding quarter and $385.9 billion
for the second quarter of 2002.
Earnings before interest, taxes, depreciation, amortization and exceptional
items (EBITDA) reached L172.4 million ($284.5 million) and L94.6 million ($156.1
million) for the six months and second quarter ended June 30, 2003. Net debt at
June 30, 2003 amounted to L625.7 million compared to L652.4 million at December
31, 2002.
Interim Dividend
The Board has declared an interim dividend of 5.0p per share (2002: 5.0p). The
interim dividend will be paid on October 3, 2003 to shareholders on the register
on August 15, 2003. The ex-dividend date for the dividend will be August 13,
2003.
Business Review
Effective January 1, 2003, the Company realigned several business units under
the AIM and INVESCO brands. A I M Distributors, Inc. became the distributor for
INVESCO's U.S. retail funds effective July 1, 2003. Also, the funds' Boards of
Directors/Trustees have approved the reorganization of 14 INVESCO funds and six
AIM funds. The reorganizations are expected to be completed in November 2003,
pending shareholder approval. These changes create a unified distribution system
that will simplify the U.S. retail business by providing financial consultants
and shareholders with additional investment choices through a single
distribution source.
The AIM group reported revenues of L309.6 million during the first six months of
2003, a decrease of L131.1 million over the prior year due to volatility in the
capital markets, a shift in assets under management from equities to fixed
income, and net redemptions in the U.S. business. This business group has
reduced operating expenses by L67.1 million and headcount by 558 people over the
prior year levels. These reductions have resulted in only a slight decline in
operating profit margin, even though operating profits have declined from L185.4
million in 2002 to L121.5 million in the 2003 period.
The AIM group generated approximately $14.1 billion of gross sales in the first
half of 2003 and experienced net redemptions of $2.7 billion during the period,
including $800 million of net redemptions in the second quarter of the current
year. The Canadian retail business gained $100 million in net sales in the six
months ended June 30, 2003. Funds under management amounted to $172.6 billion at
June 30, 2003, including $55.5 billion relating to institutional money market
funds.
The INVESCO U.S. group reported revenues of L83.7 million and operating profits
of L19.6 million in the first half of 2003. Operating profits have declined by
L4.3 million over the prior year due to a 20% decline in revenue levels caused
largely by capital market declines, offset by a 21% drop in expenses resulting
from continued emphasis on cost controls. The operating profit margin for this
business was 23.4% for the 2003 period, compared to 22.8% for the prior year.
This group generated $9.4 billion in gross sales during the first half of 2003
and net new business of $100 million. Funds under management amounted to $109.6
billion at June 30, 2003.
INVESCO U.K.'s revenues amounted to L82.5 million for the first half of 2003, a
decrease of L26.4 million from the prior year due to lower funds under
management. Operating expenses declined L12.5 million over the prior year due to
a 262 headcount reduction coupled with other expense savings. Operating profits
totaled L8.1 million for the first half of 2003, compared with L21.9 million
from the prior year. This business generated $9.3 billion in gross sales and
$200 million in net sales during the period. Funds under management were $34.1
billion at June 30, 2003, an increase of $100 million from the end of 2002.
OPERATING PROFIT* L MILLIONS (CHART)
6/30/03 - 133.9
6/30/02 - 213.0
2002 - 366.9
2001 - 523.4
2000 - 588.9
1999 - 352.7
* before goodwill amortization and exceptional items
INVESCO Europe/Asia's revenues amounted to L35.7 million for the first half of
2003, compared to L43.8 million in the prior year. Operating profits have
declined by L2.8 million for the first half of 2003 due primarily to lower
revenue levels. Funds under management were $22.2 billion at June 30, 2003, an
increase of $1.1 billion during the year.
Private Wealth Management and AMVESCAP Retirement's revenues amounted to L41.0
million during the six months ended June 30, 2003. We continue to develop the
infrastructure of this group to build a sound platform for growth and market
penetration. The Private Wealth Management group acquired Whitehall Asset
Management for L13.5 million in February 2003, adding $1.1 billion in funds
under management. AMVESCAP Retirement had $24.7 billion in assets under
administration at June 30, 2003, a 9% increase in the six month period,
including $413 million of net new sales. This group services 617,403 plan
participants at June 30, 2003, compared to 624,000 participants at the end of
2002.
Board and Management Changes
Diane Price Baker has been elected a non-executive member of the AMVESCAP PLC
Board of Directors. Additionally, the Board has named James I. Robertson, John
D. Rogers and Mark H. Williamson as executive vice presidents of AMVESCAP PLC.
Diane Baker adds another experienced, independent member to our Board. James
Robertson, John Rogers and Mark Williamson have been given additional titles at
the group level in recognition of their responsibility along with our other
corporate officers in the shaping and execution of AMVESCAP's overall business
strategy.
While there has not been sufficient time to establish a certain turn in the
markets, I am encouraged by positive signs in the capital markets and increasing
stability in the general economic and political environment. AMVESCAP's more
efficient operating platform improves our ability both to weather any future
market volatility and to profit from continuing market recovery.
Charles W. Brady
Executive Chairman
August 1, 2003
GROUP PROFIT AND LOSS ACCOUNT (CHART)
Six months ended June 30,
Thousands 2003 2002
------------------------- --------- ---------
Revenues L 552,594 L 746,685
Expenses:
Operating (418,723) (533,722)
Exceptional (62,094) (20,067)
Goodwill amortization (74,838) (73,688)
Operating profit (3,061) 119,208
Investment income 3,499 6,812
Interest expense (26,435) (27,241)
Profit before taxation (25,997) 98,779
Taxation (11,592) (53,066)
Profit after taxation (37,589) 45,713
Dividends (40,835) (42,359)
Retained profit for the period L (78,424) L 3,354
Earnings per share before goodwill
amortization and exceptional items:
- basic 9.6p 16.5p
- diluted 9.6p 16.2p
Earnings per share:
- basic -4.7p 5.6p
- diluted -4.7p 5.5p
Average shares outstanding:
- basic 803,844 812,210
- diluted 805,953 827,314
Three months ended June 30,
Thousands 2003 2002
--------------------------- --------- ---------
Revenues L 281,796 L 368,936
Expenses:
Operating (207,142) (260,821)
Exceptional (62,094) (20,067)
Goodwill amortization (37,492) (36,851)
Operating profit (24,932) 51,197
Investment income 2,011 159
Interest expense (14,225) (13,203)
Profit before taxation (37,146) 38,153
Taxation 3,247 (23,243)
Profit after taxation (33,899) 14,910
Dividends (40,835) (42,359)
Retained profit for the period L (74,734) L (27,449)
Earnings per share before goodwill
amortization and exceptional items:
- basic 5.4p 8.1p
- diluted 5.4p 8.0p
Earnings per share:
- basic -4.2p 1.8p
- diluted -4.2p 1.8p
Average shares outstanding:
- basic 803,120 812,528
- diluted 805,865 824,323
GROUP BALANCE SHEET (CHART)
Thousands June 30, 2003 Dec. 31, 2002
--------- ------------- -------------
Fixed assets
Goodwill L 2,464,908 L 2,542,306
Investments 238,401 248,408
Tangible assets 185,592 197,060
2,888,901 2,987,774
Currents assets
Debtors 915,053 725,547
Investments 73,258 69,195
Cash 307,052 355,111
1,295,363 1,149,853
Current liabilities
Current maturities of long-term debt (72,389) (222,089)
Creditors (1,096,394) (917,216)
(1,168,783) (1,139,305)
Net current assets 126,580 10,548
Total assets less current liabilities 3,015,481 2,998,322
Long-term debt (688,100) (595,600)
Provisions for liabilities and charges (94,934) (119,234)
Net assets L 2,232,447 L 2,283,488
Capital and reserves
Called up share capital L 198,652 L 198,614
Share premium account 619,592 619,250
Exchangeable shares 383,105 383,105
Profit and loss account 530,874 609,298
Other reserves 500,224 473,221
Shareholders' funds, equity interests L2,232,447 L2,283,488
GROUP CASH FLOW STATEMENT (CHART)
Six months ended June 30,
Thousands 2003 2002
------------------------- -------- --------
Operating profit L (3,061) L119,208
Amortization and depreciation 109,884 105,238
Change in debtors, creditors and other 38,731 4,014
Net cash inflow from operating activities 145,554 228,460
Interest paid, net of investment income (21,277) (14,523)
Taxation (60,949) (63,244)
Capital expenditures, net of sales (15,986) (13,709)
Net disposal/(purchase) of fixed asset investments 5,654 (61,305)
Acquisitions and disposals (10,635) --
Dividends paid (52,978) (54,646)
Net repayment of debt (31,756) (7,110)
Change in bank overdraft (5,196) (9,645)
Foreign exchange in cash and cash equivalents (490) (9,021)
Decrease in cash and cash equivalents L(48,059) L (4,743)
SEGMENTAL INFORMATION (CHART)
6 months ended June 30, 2003 6 months ended June 30, 2002
------------------------------- -------------------------------
Oper. Oper.
Thousands Revenues Expenses Profit* Revenues Expenses Profit*
--------- -------- --------- -------- -------- --------- --------
AIM
U.S L239,708 L(150,944) L 88,764 L358,466 L(215,203) L143,263
Canada 69,909 (37,221) 32,688 82,217 (40,058) 42,159
309,617 (188,165) 121,452 440,683 (255,261) 185,422
INVESCO
U.S 83,703 (64,149) 19,554 104,721 (80,838) 23,883
U.K 82,515 (74,368) 8,147 108,850 (86,947) 21,903
Europe/Asia 35,734 (37,551) (1,817) 43,753 (42,806) 947
201,952 (176,068) 25,884 257,324 (210,591) 46,733
Private Wealth/Retirement 41,025 (41,867) (842) 48,678 (51,714) (3,036)
Corporate -- (12,623) (12,623) -- (16,156) (16,156)
L552,594 L(418,723) L133,871 L746,685 L(533,722) L212,963
* before goodwill amortization and exceptional items
Note: The segmental information has been revised from previous presentations to
reflect the U.S. INVESCO retail business with AIM. Previous presentations
included this business with the INVESCO U.S. business.
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 period.
(CHART)
2003
Profit Number Per share
Thousands, except per share amounts after taxation of shares amount
----------------------------------- -------------- --------- ---------
Basic earnings per share L(37,589) 803,844 -4.7p
Dilutive effect of options -- 2,109
Diluted earnings per share L(37,589) 805,953 -4.7p
2002
Basic earnings per share L 45,713 812,210 5.6p
Dilutive effect of options -- 15,104
Diluted earnings per share L 45,713 827,314 5.5p
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)
2003
Profit before
Goodwill
amortization
and exceptional Number Per share
Thousands, except per share amounts items of shares amount
----------------------------------- --------------- --------- ---------
Basic earnings per share L 76,989 803,844 9.6p
Dilutive effect of options -- 2,109
Diluted earnings per share L 76,989 805,953 9.6p
2002
Basic earnings per share L133,619 812,210 16.5p
Dilutive effect of options -- 15,104
Diluted earnings per share L133,619 827,314 16.2p
NOTE 3. (CHART)
The consolidated profit and loss includes exceptional charges in 2003 and 2002
as follows:
Thousands 2003 2002
--------- ------- -------
Redundancy L31,054 L14,381
U.S. Retail reorganization 12,183 --
Lease costs 9,620 1,803
Acquisitions 2,326 --
Project costs & other 6,911 3,883
Total exceptional items L62,094 L20,067
Total exceptional items net of tax L39,740 L14,218
Note 4.
Whitehall Asset Management was acquired for L13.5 million in February 2003. The
transaction was accounted for as an acquisition and results have been included
from the date of purchase.
INDEPENDENT REVIEW REPORT TO AMVESCAP PLC
Introduction
We have been instructed by AMVESCAP PLC to review the financial information for
the three and six month periods both ending June 30, 2003 which comprises the
Group Profit and Loss Accounts, Group Balance Sheet, Group Cash Flow Statement,
Segmental Information and the related notes 1 to 4. 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
month periods both ending June 30, 2003.
Ernst & Young LLP
London
August 1, 2003
FUNDS UNDER MANAGEMENT (CHART)
AIM INVESCO
Billions Total U.S. Canada U.S. U.K. Europe/Asia PWM
-------- ------ ------ ------ ------ ----- ----------- -----
Dec. 31, 2002 $332.6 $144.1 $22.0 $103.5 $34.0 $21.1 $ 7.9
Market gains 16.7 8.5 0.2 4.3 2.4 0.8 0.5
Net new /(lost) business (4.5) (2.8) 0.1 0.1 0.2 (1.6) (0.5)
Change in money market funds (4.5) (4.0) -- -- (0.5) -- --
Transfers -- 1.4 -- 1.7 (3.1) -- --
Acquisitions 1.1 -- -- -- -- -- 1.1
Foreign currency 6.2 -- 3.1 -- 1.1 1.9 0.1
June 30, 2003 $347.6 $147.2 $25.4 $109.6 $34.1 $22.2 $ 9.1
June 30, 2003(a) L210.7 L 89.2 L15.4 L 66.4 L20.7 L13.5 L 5.5
(a) Translated at $1.65 per L1.00.
Note 1: AMVESCAP Retirement has $24.7 billion in assets under administration as
of June 30, 2003, compared to $22.7 billion as of December 31, 2002.
Note 2: The INVESCO Funds Group funds under management are reflected with AIM
U.S. in this analysis. Previous presentations included these amounts with the
INVESCO U.S. business.
RECONCILIATION TO U.S. ACCOUNTING PRINCIPLES (CHART)
Six months ended June 30,
Thousands 2003 2002
------------------------- -------- --------
Net profit under U.K. GAAP L(37,589) L 45,713
U.S. GAAP Adjustments:
Acquisition accounting 69,445 68,055
Redundancy and reorganizations 39,112 12,794
Taxation (12,375) (8,845)
Other (717) 1,642
Net income under U.S. GAAP L 57,876 L119,359
Earnings per share:
- basic 7.2p 14.7p
- diluted 7.2p 14.4p
Thousands June 30, 2003 Dec. 31, 2002
--------- ------------- -------------
Shareholders' funds under U.K. GAAP L2,232,447 L2,283,488
U.S. GAAP Adjustments:
Acquisition accounting 1,069,264 1,034,168
Redundancy and reorganizations 51,073 11,961
Treasury stock (167,621) (162,104)
Dividends 40,512 52,656
Other (13,584) (11,934)
Shareholders'equity under U.S. GAAP L3,212,091 L3,208,235
VOTING AT THE ANNUAL GENERAL MEETING
The 2003 Annual General Meeting of shareholders was held on April 30, 2003. The
results of the resolutions voted upon, (details of which are published on our
Web site) are shown below.
% of total Against % of total
For Votes votes cast Votes votes cast
----------- ---------- ---------- ----------
1 To receive accounts 104,792,282 99.59 426,500 0.41
2 To receive remuneration report 69,826,234 67.20 34,086,161 32.80
3 To declare a final dividend 112,389,379 99.99 8,304 0.01
4a To re-elect The Hon. Michael D. Benson 111,694,642 99.42 648,892 0.58
4b To re-elect Mr. Stephen K. West 97,693,542 88.95 12,138,516 11.05
5 To appoint Ernst & Young LLP 110,504,259 99.22 863,613 0.78
6 Section 80 authority
(directors' authority to allot shares) 106,297,813 94.57 6,099,793 5.43
7 Section 95 authority
(disapplication of pre-emption rights)* 106,217,205 93.88 6,924,510 6.12
8 Section 166 authority
(power to purchase own shares)* 112,376,511 99.98 21,138 0.02
9 Adoption of New of Articles of Association* 112,347,792 99.98 23,238 0.02
* Special resolution
GENERAL SHAREHOLDERS' 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 clearly stating 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's 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 our 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 that
they will provide a more convenient and prompt method of communication and would
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).
U.S. Shareholders
The Company's American Depositary Shares (ADSs), each representing 2 ordinary
shares, are listed on the New York Stock Exchange. The Company files reports and
other documents with the Securities and Exchange Commission, which are available
for inspection and copying at the SEC's public reference facilities or by
writing to the Company Secretary. The Bank of New York Company, Inc. of New York
is the depositary for AMVESCAP PLC. All inquiries concerning American Depositary
Receipts records, certificates, or transfer of ordinary shares into ADSs 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 inquires concerning exchangeable shares,
certificates, or the retraction of exchangeable shares into ordinary shares
should be addressed to:
CIBC Mellon Trust Company
P.O. Box 7010
Adelaide Street Postal Station
Toronto, Canada
M5C 2W9
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
--------------------------
(Registrant)
Date: 11 April, 2006 By /s/ Michael S. Perman
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(Signature)
Michael S. Perman
Company Secretary