Invesco Moves Listing to the New York Stock Exchange
December 03 2007 - 4:10PM
PR Newswire (US)
Jerome P. Kenney to Join Board of Directors ATLANTA, Dec. 3
/PRNewswire-FirstCall/ -- Shares of Invesco Ltd. will begin trading
on the New York Stock Exchange with the opening of the market on
Tuesday, December 4, 2007. To mark the occasion, senior executives
of Invesco, including Chairman Rex Adams and President and Chief
Executive Officer Martin L. Flanagan, will ring The Opening
Bell(SM). "The move of our primary stock listing from the London
Stock Exchange to the New York Stock Exchange marks a major
milestone for Invesco that further enhances our visibility in this
critical market by providing direct comparability with our peer
global investment management firms," said Mr. Flanagan. "During
2007 we changed the company's name to Invesco and introduced a new
brand identity to share our vision of Invesco as an integrated,
global investment management organization. These important
initiatives will assist Invesco as we work to build value for our
clients, employees and shareholders." Additionally, Invesco Ltd.
today announced that Jerome P. Kenney, 66, has been elected a
non-executive member of the Board of Directors and will join the
Board upon his retirement from Merrill Lynch & Co., Inc. in
January 2008. "Jerry Kenney's long and distinguished career at
Merrill Lynch has been characterized by a steadfast commitment to
his clients," said Mr. Flanagan. "Along with his deep financial
industry knowledge and experience, Jerry's skills will prove a
strong addition to our Invesco Board." Mr. Kenney is vice chairman
of Merrill Lynch and a member of its Executive Client Coverage
Group. He is responsible for senior client relationships globally
with particular focus on financial institutions in North America
and wealth management. Mr. Kenney is a member of the New York
Society of Security Analysts, the Japan Society, the U.S.-China
Business Council and the Asia Society. He is treasurer and a
trustee of the Nightingale-Bamford School, a trustee of
Northwestern University, an advisory director of the Kellogg School
of Management and a director of the American Australian
Association. With the addition of Mr. Kenney, the Board will
consist of nine members, seven of whom will be independent
directors. In other actions relating to the company's move to the
New York Stock Exchange, earlier today the U.K. High Court of
Justice gave final approval to proposals that had been
overwhelmingly approved by shareholders on November 14, 2007 to
move Invesco's primary listing from the London Stock Exchange to
the New York Stock Exchange and change the company's domicile to
Bermuda from the United Kingdom. As previously announced, the final
approval of these proposals by the High Court of Justice means that
Invesco PLC ordinary shares, American Depositary Shares and
Canadian exchangeable shares will be replaced before the market
opens on December 4, 2007 with Invesco Ltd. shares. Invesco is a
leading independent global investment management company, dedicated
to helping people worldwide build their financial security. By
delivering the combined power of our distinctive worldwide
investment management capabilities, including AIM, Atlantic Trust,
Invesco, Perpetual, PowerShares, Trimark, and WL Ross, Invesco
provides a comprehensive array of enduring investment solutions for
retail, institutional and high net worth clients around the world.
Operating in 20 countries, the company is listed on the New York
Stock Exchange under the symbol IVZ. Additional information is
available at http://www.invesco.com/. 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 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,
and our subsequent Quarterly Report on Form 10-Q, as filed with the
United States Securities and Exchange Commission ("SEC"). You may
obtain these reports from the SEC's Web site at
http://www.sec.gov/. DATASOURCE: Invesco Ltd. CONTACT: Douglas B.
Kidd, +1-404-479-2922
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