INVESCO PLC Board Recommends Relisting on NYSE

    Proposal To Be Voted on by Shareholders

    LONDON, September 25 /CNW/ - Following the recent loss of the company's
foreign private issuer status in the United States, the Board of Directors of
INVESCO PLC (NYSE:  IVZ) (LSE:IVZ) (TSX:IVZ) has proposed to shareholders that
the company move its primary listing from the London Stock Exchange to the New
York Stock Exchange. The process to approve this proposal will include an
Extraordinary General Meeting expected on November 14, 2007 to allow
shareholders to vote on the approval of this proposal.

    On July 18, INVESCO PLC announced it had lost its foreign private issuer
status. As a result, INVESCO immediately became subject to the full
requirements of two primary securities regulators, the Securities and Exchange
Commission (SEC) in the United States and the Financial Services Authority
(FSA) in the United Kingdom, and to two different accounting requirements,
U.S. GAAP and IFRS. These differing regulatory and accounting standards may
produce conflicts which may impede full compliance with either primary
regulator and create potential confusion for the company's shareholders.

    "Having our primary stock listing on the New York Stock Exchange is the
most practical way to once again place INVESCO under the supervision of a
single primary regulator and minimize the possible disruption associated with
dual regulatory and accounting standards," said Martin L. Flanagan, president
and chief executive officer. "Additionally, INVESCO's size, scale and global
focus results in few natural peers on the London Stock Exchange. A U.S.
listing will improve visibility and direct comparability with a more
appropriate peer group of large, global investment management companies."

    INVESCO continues to encourage U.K. stock ownership and investment and,
after approval of this proposal, intends to seek a secondary listing on the
London Stock Exchange in early 2008.

    At the Extraordinary General Meeting, the company will also seek
shareholder approval to change its domicile to Bermuda. As a well-established
jurisdiction for companies traded on U.S. stock exchanges, including companies
within the S&P 500, a Bermuda domicile offers the greatest opportunity for
maximizing shareholder value. Additionally, a Bermuda domicile will allow
INVESCO to maintain legal, regulatory capital and financial positions
consistent with those of INVESCO today. The company does not expect any
material change to its effective corporate tax rate as a result of these

    The reorganization will be effected through a U.K. court-sanctioned
scheme of arrangement and is subject to other court and regulatory approvals
including approval by the U.K. Financial Services Authority. A circular
containing the full details of the proposals to be put before shareholders at
the Extraordinary General Meeting will be sent to holders of INVESCO Ordinary
Shares and American Depositary Shares on or about October 22, 2007.

    Additional Information About the Proposal

    INVESCO PLC will be filing a circular/proxy statement concerning the
proposal referenced above (the "Proposal") with the United States Securities
and Exchange Commission. Investors are urged to read the circular/proxy
statement and any other documents to be filed with the SEC in connection with
the proposal because they will contain important information. Investors will
be able to obtain these documents free of charge at the SEC's Web site
( In addition, documents filed with the SEC by INVESCO PLC will
be available free of charge from Aaron Uhde at +1 404 479-2956 or

    The directors, executive officers, and certain other members of
management and employees of INVESCO PLC may be deemed, under the rules of the
SEC, to be participants in the solicitation of proxies in favor of the
Proposal from the shareholders of INVESCO PLC. Information about the directors
and certain executive officers of INVESCO PLC is included in its Annual Report
on Form 20-F filed on April 10, 2007 in respect of the year ended December 31,
2007, and additional information regarding the identity of potential
participants and the direct and indirect interests of INVESCO and such
participants in the Proposal will be set forth in the circular/proxy

    INVESCO PLC is a leading independent global investment manager, dedicated
to helping people worldwide build their financial security. Operating
principally through the AIM, AIM Trimark, Atlantic Trust, INVESCO, Invesco
Perpetual, PowerShares and WL Ross brands, INVESCO strives to deliver
outstanding products and services through a comprehensive array of enduring
investment solutions for our retail, institutional and private wealth clients
around the world. For more information go to

    This release may include 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
release, words such as "believes," "expects," "anticipates," "intends,"
"plans," "estimates," "projects" and future or conditional verbs such as
"will," "may," "could," "should," and "would" and any other statement that
necessarily depends on future events, are intended to identify forward-looking

    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 Web site at

For further information:

For further information: Media Relations: Doug Kidd, Managing Director,
Corporate Communications Tel: +1 404 479-2922 or Shirley Hatherton, Lansons
Communications Tel: +44 7711 142 147 Investor Relations: Aaron Uhde, Head of
Investor Relations Tel: +1 404 479-2956 or Michael Perman, Company Secretary
Tel: +44 (0) 20 7065 3942

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