Operating & Financial Review
Investor relations – communicating with transparency
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Shareholder base
At 31 December 2006, we had 1,899
shareholders on the register compared with
1,660 (excluding rights issue shares) a year
earlier and 1,248 five years earlier. Institutional,
corporate and other nominee shareholders
owned 96% of Amlin’s issued shares and private
shareholders registered in their own names
owned the balance of 4%.
An estimated 17% of Amlin’s employees are shareholders in addition to their participation through share options.
We provide regular updates of our major shareholders (those who hold 3% or more of Amlin’s shares) on our website.
The amount of Amlin shares traded on the London Stock Exchange has again grown in 2006 with on average 2.3 million shares traded daily, compared to 2.1 million in 2005 and only 0.9 million four years ago. The liquidity of dealings in Amlin shares is now higher than in any other listed Lloyd’s company.
Shareholder and broker analyst contact
During 2006, the Chief Executive and/or Finance Director met with 134 (2005:125) existing or potential institutional equity investors in the UK, Europe and the United States. They also visited some 19 (2005: 22) private client brokers and fund managers.
We held presentations for broker analysts on the days of the release of our annual and half year results statements. For the last four years we have webcast our annual and half year results presentations so that all investors may access the information simultaneously. Webcast log-in details are available on our website at least seven days prior to results announcements.
In IR magazine’s 2006/7 Investor Perception Study, Amlin was ranked 12th in the 'Grand prix for best investor relations by a FTSE 250 company' and 5th for the 'Most progress in investor relations by a non-FTSE 100 company'. In both cases, Amlin was the only insurance sector company shortlisted.
The Board received anonymous feedback from our broker, Hoare Govett Limited, of views expressed by shareholders following our 2005 results and 2006 interim results presentations. We continued to be pleased with the level of positive and constructive feedback.
Analyst coverage
We are aware of 10 analysts having published notes on Amlin during 2006 and we provide the names of analysts and their firms on our website.
Corporate information
Our annual report and accounts are an important means of communicating with shareholders and over the past five years we have sought to provide increasing levels of meaningful information on the Company. Our aim is to provide an objective and fair view of the performance and prospects for the Company.
In 2006 we were pleased to be awarded our second Building Public Trust Award, sponsored by PricewaterhouseCoopers, this time for our People Reporting.
We complement our annual and interim reports with information on our website which includes details of press releases and other updates. We provide e-mail alerts to investors and others who like to receive notification of press releases.
For those shareholders who would prefer to receive our Annual and Interim Reports electronically, we provide a facility on our website to register for this option. This may be convenient to some shareholders and potentially reduces paper usage and costs. 44 shareholders registered for this last year.
2007 Annual General Meeting ("AGM")
Our AGM, to which all shareholders are welcome, will be held at the Company’s London offices at noon on 24 May 2007. Further details are contained in the Notice of Meeting being mailed to shareholders with this report. Information on AGM participation and voting is also contained in the Board corporate governance statement.
Share dealing
The Company’s shares are listed on the London Stock Exchange. Prices are given daily in newspapers including the Financial Times, The Times, Daily Telegraph, Independent and Evening Standard.
Our broker, Hoare Govett Limited, offers a low cost dealing service, which enables UK resident investors to buy or sell Amlin shares. For further information please call 020 7678 8300 on business days between 08:00 and 16:30 or find the relevant form together with further details on our website. Hoare Govett Limited is authorised by the Financial Services Authority.
Amlin relative share price performance over five years
We are happy to answer queries from current and potential shareholders and to provide a copy of our Annual Report to those who do not ordinarily receive it. It is also available on our website.
Contact details
Registrar
Computershare Investor Service PLC
0870 703 6165
Amlin Shareholder
investor.relations@amlin.com
www.amlin.com
Amlin share register – 31 December 2006 by size of investment (shares)
Amlin share register – 31 December 2006
Financial calendar
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