Accountability
Accounting to shareholders
- We aim to:
- Be transparent in communications about our business and its operational and financial performance, so that investors and other stakeholders can make informed judgements about the Company;
- Listen to shareholder views on our business and its direction so that we can take account of them in our communications and in the management of the Company; and
- Communicate with investors in the most appropriate and effective manner.
| Financial calendar | |
|---|---|
|
2009 |
|
|
13 May |
2009 Annual General Meeting |
|
20 May |
Payment of final dividend for 2008 (subject to shareholder approval) |
|
24 August |
Announcement of interim results and interim dividend for the six months ended 30 June 2009 |
|
9 October |
Expected payment of interim dividend |
|
2010 |
|
|
Feb/March |
Announcement of 2009 results |
|
May |
Annual General Meeting |
|
May |
Expected payment of 2009 final dividend |
Investor relations Shareholder profile
At 31 December 2008, we had 2,099 holdings on our register of ordinary shareholders (2007: 2,038). As many shares are held in pooled nominees accounts, the number of underlying shareholders is likely to be a multiple of this.
Institutional, corporate and other nominee shareholders owned 94.6% (2007: 96%) of Amlin’s issued shares and private shareholders registered in their own names, plus Amlin employee trusts, owned 3.6% (2007: 4%). The balance of 1.8% (2007: nil) was held in treasury. The distribution of holdings by size is shown in the table below.
Further analysis of our share register at the year end provides the more detailed breakdowns of shareholders in the piecharts below. These are based on analysis by Thomson Reuters of all holdings on the register of 10,000 shares or more, which made up 99.3% of the register. The private shareholder category includes identified nominees for individuals.
At 31 December 2008 an estimated 58% (2007: 62%) of the total share register was held on behalf of UK investment institutions (pension funds, mutual funds, insurance funds as distinct from banks and stockbrokers managing portfolios directly for private individuals). Of this, funds managed in London were predominant, with around 43% of the total register (2007: 49%). A further 5% (2007: 4%) of the total register was managed in Scotland. Amlin’s non-UK institutional shareholdings are headed by those held on behalf of North America fund managers, with around 21%. The cities with the largest holdings in North America were Chicago (5%), New York (5%) and Boston (3%). In Europe, excluding UK, which accounts for 3% of the register, the largest proportions of institutional holdings were in Germany (0.8%) and the Republic of Ireland (0.7%).
Publicly announced shareholding interests, as at the latest practicable date before this report are set out in the Directors’ report and are updated on our website.
At the year end, an estimated 1.4% of the Company was owned by directors and staff, including shares held on their behalf by trustees of the Employee Share Ownership Trust and the Share Incentive Plan (SIP). An estimated 17% (2007: 19%) of Group employees were shareholders and 84% (2007: 73%) held shares through the SIP at the year end. Excluding the SIP, 61% (2007: 57%) of staff had outstanding options or conditional share awards under one or more of the Company’s share plans.
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